{"id":33764,"date":"2013-02-05T10:00:29","date_gmt":"2013-02-05T15:00:29","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=33764"},"modified":"2013-02-05T10:00:29","modified_gmt":"2013-02-05T15:00:29","slug":"frances-moscovici-defends-shielding-hedge-funds-from-loan-curbs","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2013\/frances-moscovici-defends-shielding-hedge-funds-from-loan-curbs.html","title":{"rendered":"France&#8217;s Moscovici defends shielding hedge funds from loan curbs"},"content":{"rendered":"<p>Reuters &#8211; France&#8217;s finance minister Pierre Moscovici defended on Tuesday a government plan to ringfence banks&#8217; proprietary trading and leave hedge-fund financing intact, saying that hedge funds play a vital role in the French economy.<\/p>\n<p>France&#8217;s proposed bank reforms, due to be debated in parliament later this month, would force banks to make proprietary trading a separate self-funded entity and ban them from owning or operating hedge funds.<\/p>\n<p>Secured hedge-fund financing would be left intact.<\/p>\n<p>Moscovici&#8217;s stance is at odds with French politicians&#8217; traditional anti-free market rhetoric on both left and right. Socialist President Francois Hollande&#8217;s 2012 campaign speech blasted &#8220;speculative funds&#8221; as &#8220;vectors of instability&#8221;, while his predecessor Nicolas Sarkozy called them &#8220;predators&#8221; in 2007.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/2013\/02\/05\/france-hedgefunds-idUSL5N0B55GU20130205\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; France&#8217;s finance minister Pierre Moscovici defended on Tuesday a government plan to ringfence banks&#8217; proprietary trading and leave hedge-fund financing intact, saying that hedge funds play a vital role in the French economy. France&#8217;s proposed bank reforms, due [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33764","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=33764"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33764\/revisions"}],"predecessor-version":[{"id":33768,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33764\/revisions\/33768"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=33764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=33764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=33764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}