High-level conference on private equity and hedge funds: extracts from the opening speech by Charlie McCreevy
Opening on 26/02/2009 in Brussels, a two-day conference on private equity and hedge funds organised by the European Commission. Charlie McCreevy, Member of the EC in charge of Internal Market and Services, said regulatory and supervisory oversight of private equity and hedge funds hat operate in the European Union would be inevitable.
Altough regulatory action should distinguish between the two sectors, added Charlie McCreevy, addressing a number of experts from the banking and financial sector.
Next week the European Commission will present outline proposals on a range of measures to tackle flaws uncovered in regulation by financial crisis. SHOTLIST