Times Online – Britain is making progress in revising tough EU plans to regulate private equity and hedge funds, the City Minister said on a lobbying visit to Brussels today.
Lord Myners claimed that Britain’s view, that proposed limits on leverage were based on a “flawed understanding” of the way alternative investment managers operate, were gaining traction around the EU.
The minister spoke after the Swedish Government, which holds the rotating EU presidency, published proposals to amend a draft EU directive to regulate hedge funds drawn up by the European Commission in the aftermath of the economic crisis.
