Assistant German Finance Minister Is Optimistic Some Kind Of Hedge Fund Control Is Coming

16 de abril de 2007

<body><div id="article"><tr><td height="28" valign="middle" width="184"></td><td valign="middle" width="185"></td></tr><h1>Assistant German Finance Minister Is Optimistic Some Kind Of Hedge Fund Control Is Coming</h1><p>April 16 (EIRNS)--After his return from talks in Washington D.C., Assistant German Finance Minister Thomas Mirow said "I am quite sure that we can have concrete results," as there was more awareness globally now, of the importance of the issue of regulating, controlling, and forcing transparency information about hedge funds. "The theme has gained in speed and range considerably, and it will not retreat into some corner, again."</p><p>Mirow conceded that there are "differences among the G-7 states, there are differing interests and cultures of financial market control," according to German financial wires, including Finanznachricten of April 16. "Great Britain and the United States are the ones with most objections to interventions against the hedge funds." The Germans and the French, however, see many risks posed by the hardly regulated, but financially strong funds, Mirow added.</p></div></body>