ECB attacks Brussels over hedge-fund rules

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The European Central Bank (ECB) on Thursday warned that the European Union's (EU) proposals to regulate hedge funds would unfairly disadvantage the industry.

The ECB said in an opinion published on Thursday that it supported initiatives to regulate the industry, but warned that the EU's proposals should be in line with international standards.

"The ECB urges the European Commission to continue the dialogue with its international partners, in particular the United States, to ensure a globally coh

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