Sunday, 22nd November 2009

 

17 September 2009 - Press Briefing

FSA and SEC agree joint mechanism to supervise hedge funds

The Financial Services Authority and the Securities and Exchange Commission have agreed to work together to better supervise the functioning of cross-border hedge funds, according to a report in The Daily Telegraph, London.

Both regulators vowed to move towards a common reporting platform for hedge funds and their advisers, as well as identifying a set of common data to collect from the sector.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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