{"id":4379,"date":"2006-05-05T00:00:00","date_gmt":"2006-05-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"eus-mccreevy-rules-out-legislating-on-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2006\/eus-mccreevy-rules-out-legislating-on-hedge-funds.html","title":{"rendered":"EU&#8217;s McCreevy rules out legislating on hedge funds"},"content":{"rendered":"<p>Reuters Italia &#8211; EU Internal Market Commissioner Charlie McCreevy ruled out introducing new rules to regulate hedge funds, saying they played a key role in putting the &#8220;fear of God&#8221; in companymanagement and boards to the benefit of all.<\/p>\n<p>  &#8220;My own view on hedge funds is I don&#8217;t see a compelling case for specific EU legislation,&#8221; the bloc&#8217;s top market regulator told the European Parliament&#8217;s economic affairs committee on Thursday.<\/p>\n<p>  McCreevy was asked by lawmakers whether the EU executive would act against Germany for planning to lower to 3 percent the threshold for notifying the market of a stake in a company.<\/p>\n<p>  The typical threshold in the EU is about 5 percent and the German step is seen by some as making it harder to mount a takeover.<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/2-0&amp;fd=R&amp;url=http:\/\/www.borsaitaliana.reuters.it\/news\/newsArticle.aspx%3Ftype%3DfundsNewsUK%26storyID%3D2006-05-04T103808Z_01_NOA438152_RTRUKOC_0_FINANCIAL-EU-HEDGEFUNDS.xml%26archived%3DFalse&amp;cid=1106276387&amp;ei=Y_BaRK3zNYz8oQK37MH8BA\">ReadComplete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters Italia &#8211; EU Internal Market Commissioner Charlie McCreevy ruled out introducing new rules to regulate hedge funds, saying they played a key role in putting the &#8220;fear of God&#8221; in companymanagement and boards to the benefit of all. &#8220;My [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4379","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4379","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=4379"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4379\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}