Tag Archives: money-markets
Collapse and fall of the Rock
MSN Money UK – Northern Rock was the darling of the UK mortgage sector, but fuelled its rapid growth by borrowing in money markets and selling on its mortgage debts rather than customer deposits. The eruption of the credit crunch […]
Merkel urges EU to approve German bank aid
Forbes – German Chancellor Angela Merkel on Thursday called on the European Commission to quickly approve Germany’s planned aid for lender Commerzbank as part of its bank rescue package. Germany is in a dispute with the Commission over whether the […]
EU moves toward new hedge fund rules
Washington Post – The European Union will this week take the first step toward new rules governing high-risk hedge funds, the EU’s financial services chief said Monday. EU Commissioner Charlie McCreevy, long opposed to regulating the funds, is bowing to […]
New rules to cut CO2 emissions
Straits Times – EU nations on Monday reached a compromise agreement on new rules to cut CO2 emissions from new cars from 2012, with penalties for automakers who fail to comply, a negotiator said. The deal, part of wider EU efforts […]
EU’s enthusiasm for new global financial order
People – Bowing to Europe’s enthusiasm fora new global financial order, U.S. President George W. Bush has agreed recently to host a world summit on reforms of the international financial system. After a weekend meeting at Camp David some 100 […]
2-EU’s McCreevy says no need to regulate hedge funds
Reuters – Hedge funds and private equity funds should be monitored closely but there are no plans to propose regulation, a top European Commission official said on Monday, sparking anger from left wing lawmakers. It has been the heavily regulated […]
Europe’s MPs push for hedge fund transparency
Times Online – The European Parliament will support calls tomorrow for Europe-wide legislation aimed at making the inner workings of hedge funds and private equity more transparent. The proposals – championed by Poul Nyrup Rasmussen, the Socialist MEP and a […]
