February 08, 2007

G7 to Focus on Transparency in Hedge Funds

-- Pushpa Sathish, Staff Writer

Will G7 succeed where the SEC has failed so far? The summit, to be held later this week in Germany, will focus on the risks from hedge funds to the international financial system and global capital inflows. Berlin has assigned top priority to the issue of transparency in hedge funds; Berlin is interested in bringing more regulation to these investment vehicles, but with the United States and the United Kingdom not showing their solidarity on this point, Germany has agreed to settle for pressing for increased transparency into funds’ operations and business methods, says German finance minister Thomas Mirow.

Whether the meet will actually bring about some changes is a question that remains to be answered.

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