IMF Proposes New Rules For Big Financial Institutions
The International Monetary Fund has proposed a broad new set of rules for big financial institutions, such as hedge funds and private-equity firms, whose failure could cross borders and cripple governments.
The IMF is proposing a "binding code of conduct across nations" for governments to aid coordinated efforts at interceding in troubled financial firms.
The proposals are aimed at the April 2 meeting of the G-20 finance ministers in London. They would extend regulation to businesses, such as hedge funds, that have so far been able to operate little little transparency.
March 6, 2009; 9:37 AM ET
Categories: The Ticker | Tags: IMF, hedge funds, regulation
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