France Stands by Demands On Hedge Funds: Diplomats

Summary


BRUSSELS (Reuters) - France is sticking to its demands for tight controls on foreign hedge funds, French diplomats said on Thursday [Oct. 7], suggesting talks next week aimed at ending an impasse over new EU rules may make little progress.

Brussels wants to introduce new controls for hedge funds and private equity, but the move has ignited a dispute between Paris, London and Washington about whether the regulations will block foreign funds wanting to do business in Europe.

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France Stands by Demands On Hedge Funds: Diplomats

France has opposed issuing a license to allow foreign funds to work across the EU out of concern that controls on those en...

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