EU hedge fund curbs delayed after the intervention of Gordon Brown
A dramatic eleventh-hour intervention by Gordon Brown saw controversial EU legislation to curb the powers of hedge funds dropped from the agenda of a top finance ministers meeting on Tuesday.
布朗的最後一刻戲劇性干預，有爭議性的歐盟立法用以制止對沖基金的權力，見到從週二頂級財長會議的議程中剔除。
By Helia Ebrahimi
Published: 9:58PM GMT 16 Mar 2010
Gordon Brown intervened to postpone EU legislation on hedge funds Photo: Eddie Mulholland布朗干預去推遲歐盟對對沖基金立法 圖文：埃迪馬爾霍蘭
The ECOFIN gathering of finance ministers from the 27 EU states had been due to debate the Alternative Investment Fund Managers (AIFM) directive but it was removed from discussion. Instead, it will now be tabled at next month's G20 Summit to stave off growing criticism that proposed new rules are protectionist and contravene G20 agreement.
27個歐盟成員國的財政部長(ECOFIN)聚會，原定辯論另類投資基金經理（AIFM）指引，但被從討論中刪除。代之的是，它現在將提交在下月舉行的20國集團首腦會議，以避開增加的批評，建議的新規則是保護主義者的，和抵觸20國集團的協議。
The action followed a call by the Prime Minister on Monday night to his Spanish counterpart Jose Luis Rodriguez Zapatero, whose country holds the EU presidency, insisting Britain would not accept a compromise plan.
行動是緊隨總理在週一晚上致電他的對應人西班牙首相薩帕特羅後，他的國家是歐盟的輪值主席國，堅持英國將不會接受一項妥協方案。
Treasury insiders, who hailed the decision as a victory for the UK, said they would work on negotiations with various countries over the coming weeks but that it was important to thrash out issues within the context of global regulation.
財政部內部歡呼那決定是對英國的一項勝利，說他們在今後幾個星期將繼續與多國談判，但重要的是，要在全球監管範圍內研討解決議題。
The AIFM directive – which seeks to regulate hedge funds and private equity across Europe – has been bitterly opposed by Britain which has seen it as an attack on the status of London as a financial centre where 70pc of funds are based.
However, despite Mr Brown's actions earning a postponement, Britain remains very isolated on the issue in Europe. Those lobbying for change within the UK Government admit they will almost certainly fail to win all the changes they want in the legislation and that proposals for tougher regulation and transparency, being championed by France and Germany, could yet be adopted.
However, Mr Brown's move is likely to have shifted the issue beyond the general election and avoided an embarrassing defeat for the Government at the hands of Europe.
Chancellor Alistair Darling, who lobbied his Spanish opposite number over the weekend, said Britain would seek more concessions because the current draft directive proposed by Spain threatened blocking international funds from the European market. The Chancellor believes that this outcome would be deeply damaging to the hedge fund and private equity industries as well as to returns made by pension funds.
Last week US Treasury Secretary Tim Geithner wrote to EU officials warning the directive was protectionist and would damage US funds. His letter angered Michel Barnier, EU commissioner for financial services, who said he was not amenable to pressure and would not take instructions "from Paris or London and certainly not from Washington."
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/ditch-the-directive/7459377/EU-hedge-fund-curbs-delayed-after-the-intervention-of-Gordon-Brown.html
歐盟無視美國批評關於對沖基金的限制
英國與歐盟的對沖基金監管之爭
沒有留言:
發佈留言