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Europe Daily Bulletin No. 10141

19 May 2010
GENERAL NEWS / (eu) eu/financial services
EP and Council of Ministers divided over how to deal with hedge funds from outside the EU

Madrid, 18/05/2010 (Agence Europe) - Following the agreement in principle reached at the ECOFIN Council on Tuesday 18 May despite concerns expressed by countries like the United Kingdom, and the draft report on private equity funds, hedge funds and other “alternative funds” adopted by the European Parliament's economic and monetary affairs committee, the EU Council of Ministers and the European Parliament agree on the need for greater transparency in how hedge funds and “alternative...

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