Reuters – The battle over whether more oversight is needed for the $1.5 trillion global hedge fund industry heated up this week as more top officials clashed, underscoring a lack of consensus forradical change.
The European Central Bank waded into the debate again on Thursday evening, calling for more transparency in the sector.
Juergen Stark, an Executive Board member of the euro zone central bank, said opacity contributed to unease over risk.
“In this context, initiatives are highly welcome that aim at fostering a dialogue between public and private sectors on the best ways to contain possible risk posed by hedge funds,” Stark told a gathering in Brussels.
“Particular attention has to be given to counterparty risk management, risk monitoring and enhanced transparency and disclosure,” Stark said.
