Taming the Private Equity “Locusts”
The EU's political will to regulate private equity and hedge funds is growing. While nobody wants to ban or unnecessarily restrict them, it has become clear that they must become subject to the same transparency, disclosure, and tax rules as banks and mutual funds.
The full repercussions of the financial crisis triggered by bad mortgages in the United States are still unclear, but the unforeseen effects already include an unstoppable demand for greater transparency in financial markets, and better regulation.