EU hedge fund curbs dropped after Brown intervention

cory777

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Tue Mar-16-10 11:59 PM
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EU hedge fund curbs dropped after Brown intervention

Source: Telegraph

Helia Ebrahimi, 22:16, Tuesday 16 March 2010

A dramatic eleventh-hour intervention by Gordon Brown saw controversial EU legislation to curb the powers of hedge funds dropped from the agenda of a top finance ministers meeting on Tuesday.

The ECOFIN gathering of finance ministers from the 27 EU states had been due to debate the Alternative Investment Fund Managers (AIFM) directive but it was removed from discussion. Instead, it will now be tabled at next month's G20 Summit to stave off growing criticism that proposed new rules are protectionist and contravene G20 agreement.

Read more: http://uk.finance.yahoo.com/news/eu-hedge-fund-curbs-dropped-after-brown-intervention-tele-8521ec1846e2.html?x=0

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metapunditedgy

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Wed Mar-17-10 12:23 AM
Response to Original message

1. I'm feeling like nothing ever changes. Very depressing. n/t

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