Featured Blogs
Top Traders Are a Cot Above The Rest
Views: 5552
Comments: 6
The Writing is On The Wall
Views: 3281
Comments: 18
How The CPU Terminated The Corn Broker
Views: 3006
Comments: 10
Why Farmers Have More 'Tweet Cred' Than Forex Traders
Views: 2212
Comments: 1
USDA Chief Says Social Media is Important for Farmers
Views: 1760
Comments: 3
Post Comments
Hedge Funds’ Systemic Threat Not Clear
Posted: 07/21/10
By: tomgrisafi
The head of the Securities and Exchange Commission said she is unsure if any hedge funds present “systemic risks” to the global economy.
Speaking to a House Financial Services subcommittee yesterday, Chairman Mary Schapiro said “it’s really not clear” what risk, if any, the hedge fund industry presents. But, she added “it will be very important to decide where the lines are drawn.”
It will also be important, Schapiro said, for the SEC to beef up its staff to allow the regulator to actually examine all of the hedge funds that are about to come under its purview. The financial regulation overhaul bill (due to be signed by President Obama today) requires hedge funds and private equity funds with $150 million or more in assets to register with the SEC.
That bill will also create the Financial Stability Oversight Council, a new body including officials from the SEC, Federal Reserve and Treasury Dept. that has authority over firms deemed systemically relevant.
Source: FinAlternatives
1 Comments
Advertisers
Advertise your company today at IndianaGrain.com! Contact us now for more information.
Guest
Posted: 07/27/10
Well this great to see because it makes the large hedge funds be somewhat regulated and watched. We will see how the SEC handles this and it will be interesting to see how the hedge funds react to this.