Tag Archives: sweeping changes
UK financial services regulator proposes shakeup
LONDON (AP) – Britain’s financial services watchdog proposed sweeping changes to global banking regulations on Wednesday, including a crackdown on the "shadow banking" activities of institutions like hedge funds. The government-commissioned banking services report recommends new rules on a wide […]
Madoff scam may spark tightening of hedge rules
Evening Standard – Veterans of the secretive $1.5 trillion (£1 trillion) industry say the $50 billion Madoff fraud could bring about sweeping changes in the way the authorities monitor activity. "This is an Enron moment for hedge funds," said Peter […]
