Tuesday, June 5, 2007

OECD rejects proposals for separate hedge fund rules

(Reuters) - The OECD has rejected proposals for separate rules to regulate hedge funds and private equity firms and believes the funds can best be supervised under the existing system, the Paris-based organisation said on Tuesday.

A steering group on corporate governance agreed that no special regulatory regime was necessary for the funds, whose rapid expansion has aroused some fears that they may pose a risk to the world financial system if there is a major collapse.


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