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Subjects / Shadow Banking

Email News Service April 09: Hedge funds hit out at Europe’s plans for regulation

Simon Turmaine | April 28, 2009

BRUSSELS, April 29 (Global Risk Regulator) – As widely expected, the hedge fund industry hit back at European proposals issued today for a regulatory crackdown on the €2 trillion ($2.7 trillion) industry. The move forms part of European Union plans for restoring confidence in financial markets crippled by the global economic crisis.

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