{"id":6811,"date":"2007-11-21T00:00:00","date_gmt":"2007-11-21T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"regulators-let-hedge-funds-off-the-hook-for-credit-crisis","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2007\/regulators-let-hedge-funds-off-the-hook-for-credit-crisis.html","title":{"rendered":"Regulators let hedge funds off the hook for credit crisis"},"content":{"rendered":"<p>  <span class=\"intro\">Financial News Online US- The chief executive of the <a class=\"keywordsearch\" href=  \"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=Financial+Services+Authority\">Financial Services Authority<\/a> and a deputy governor of the <a class=\"keywordsearch\" href=  \"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=Bank+of+England\">Bank of England<\/a> said today hedge funds were not responsible for the credit crisis that overtook markets this  summer &#8211; however managers may still be called to give evidence in the Treasury&#8217;s investigation into <a class=\"keywordsearch\" href=  \"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=Northern+Rock\">Northern Rock<\/a>.<\/span><br \/>  <strong><a href=  \"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/7-0&amp;fd=R&amp;url=http:\/\/www.financialnews-us.com\/%3Fpage%3Dushome%26contentid%3D2449224621&amp;cid=1123821064&amp;ei=Sh5ER_bvDZr2qgOnkYGgDw\"><\/a><\/strong><\/p>\n<p>  <span class=\"storytext\"><a class=\"keywordsearch\" href=\"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=Hector+Sants\">Hector Sants<\/a>, chief executive of the <a class=\"keywordsearch\"  href=\"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=FSA\">FSA<\/a>, said at a London conference organized by French business school <a class=\"keywordsearch\" href=  \"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=Edhec\">Edhec<\/a>: &#8220;Hedge funds were not the catalysts or drivers of this summer&#8217;s events. The FSA remains broadly content with its  approach to the regulation of hedge funds and recent events have supported that approach.&#8221;<\/span><\/p>\n<p>  <span class=\"storytext\">Hedge fund managers may still have to give evidence before the UK Parliament&#8217;s <a class=\"keywordsearch\" href=  \"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=Treasury+Select+Committee\">Treasury Select Committee<\/a> to answer politicians&#8217; questions about their role in this year&#8217;s financial  disturbance that led to the first run on a UK bank, Northern Rock, in 140 years.<\/span><\/p>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/7-0&amp;fd=R&amp;url=http:\/\/www.financialnews-us.com\/%3Fpage%3Dushome%26contentid%3D2449224621&amp;cid=1123821064&amp;ei=Sh5ER_bvDZr2qgOnkYGgDw\">ReadComplete Article<\/a><strong><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/7-0&amp;fd=R&amp;url=http:\/\/www.financialnews-us.com\/%3Fpage%3Dushome%26contentid%3D2449224621&amp;cid=1123821064&amp;ei=Sh5ER_bvDZr2qgOnkYGgDw\"><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial News Online US- The chief executive of the Financial Services Authority and a deputy governor of the Bank of England said today hedge funds were not responsible for the credit crisis that overtook markets this summer &#8211; however managers [&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-6811","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6811","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=6811"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6811\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}