EurActiv – Reaching an agreement on the regulation of hedge funds is vital for the health of Europe’s financial sector, says EU Internal Market Commissioner Michel Barnier. In an exclusive interview with EurActiv.fr, he also backs “new ideas” like eurobonds to finance EU growth policies.
The European Parliament and EU member states have been locked in a stalemate over a number of contentious issues surrounding the draft regulation, and in particular a UK-backed proposal for an EU-wide ‘passport’ to allow foreign hedge funds to operate within the bloc – a plan opposed by France.
