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European Union for strict hedge fund controls and sanctions against tax havens

The axe falls on hedge funds and punitive actions against tax havens as per what the European leaders have agreed to combat the over doings in the last few years resulting in ‘rampant speculation and misuse of leverage that occurred in the credit bubble’.

So hedge funds – beware the measures are on to crack down on hedge funds and the rating agencies and also all ‘exotic’ financial instruments.

For a full coverage see http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4782765/EU-agrees-hedge-fund-controls.html

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