Sun, Mar 29, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

German Chancellor Angela Merkel to ask G20 for stiffer hedge fund regulation

Wednesday, August 28, 2013

amb
German Chancellor Angela Merkel
Komfie Manalo, Opalesque Asia:

German Chancellor Angela Merkel has pledged to ask G20 members to impose stiffer regulation against hedge funds during its upcoming meeting on Sept. 5-7, reported Oanda.com.

Speaking at a rally in Rhine City at Bonn, Merkell said she would urge members of G20 during their meeting to be held at St. Petersburg to "speak with one voice" as she laments on the slow progress in implementing tighter rules on hedge funds and shadow banking.

Merkell is scheduled to attend the G20 meeting ahead of the Sept. 22 election as she vowed to make Germany emerge economically stronger from the financial crisis and told Germans her government would push for more reforms and save taxpayers from banking failures and keep those responsible liable.

Merkell is not alone in pushing for more regulations on shadow banking. According to Reuters, world leaders attending the G20 summit are expected to push for tighter regulations on shadow banking that is seen as a risk to the global economy.

It added that shadow banking, estimated to reach $60tln annually, or the same size as the world economy, poses a systemic threat for taxpayers. The shadow banking sector comprises different financial intermediaries, including hedge funds, money mark......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner