FSA worried over excessive EU rules while firm on proportionate solution for hedge fund pay

Financial Services Authority building

The UK Financial Services Authority (FSA) has warned that the European Union's attempts at "misguided" regulation could drive hedge funds out of Europe and wants a "proportional" solution to pay.

While it "might be possible for a hedge fund or a group of them to become systemic or to have a disruptive effect in markets, the FSA has "taken steps in the UK to address these concerns by gathering extensive information from both hedge fund managers and their prime brokers, in order to assess the risk

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: