PES

pes

regulation

14/10/2009

Buying their way out of regulation: hedge funds, private equity and the UK Conservative Party

By Poul Nyrup Rasmussen Read the research paper on how lobbying by the UK Conservative party and London Mayor against European regulation of hedge funds and private equity funds coincides with a recent surge of massive donations from the industry.

26/09/2009

Now G20 must deliver a financial transaction tax

PES President Poul Nyrup Rasmussen hailed the G20’s Pittsburgh meeting as "potentially historic", but the next few months would be crucial for its legitimacy."The Pittsburgh summit is potentially historic as it creates a permanent

14/09/2009

Steinmeier’s proposed transaction tax allows fair burden-sharing

PES President Poul Nyrup Rasmussen today gave his full support to the SPD Chancellor-candidate’s proposal for the adoption of a global financial transaction tax at the G20. “I strongly back Frank-Walter Steinmeier’s proposal for a global

27/05/2009

Commission must resist pressure to weaken financial supervision proposals

Commenting on the European Commission’s communication on financial supervision released today, PES President Poul Nyrup Rasmussen said: “The de Larosière recommendations are pragmatic but a vital step forward to restore trust in the financial

29/04/2009

Draft directive has more holes than Swiss cheese

Commenting on the draft Directive on Alternative Investment Fund Managers, PES President Poul Nyrup Rasmussen said “This directive has more holes than a Swiss cheese.” Rasmussen said “Commission President Barroso has broken his promise to the

21/04/2009

PES warns Barroso on regulation of hedge funds and private equity

In a strongly worded letter to European Commission President Barroso, leading European Socialists warn “it would be a major political mistake” for the European Commission to adopt the current draft proposal for a directive on alternative

08/04/2009

Draft directive on alternative investment fund managers "full of loopholes"

After months of telling the world that it was important treat hedge funds and private equity separately, European Commissioner McCreevy has presented a proposal for a directive to his fellow Commissioners on "Alternative Investment Fund

02/04/2009

G20 – European conservatives block what world needs most

Commenting on the outcome of the G20, PES President Poul Nyrup Rasmussen said “Gordon Brown has done a magnificent job to bring about an agreement.  The G20 had important successes and one big disappointment. On the positive side are the tripling

04/03/2009

European Commission crisis complacency

Commenting on the European Commission proposals for the EU Spring Summit, PES President Poul Nyrup Rasmussen said “The European Commission’s satisfaction with its European Economic Recovery Plan, that it has set the right course, is completely

26/02/2009

Rasmussen calls on Commission to reject EVCA self-regulation

PES President Poul Nyrup Rasmussen today called on the European Commission to reject the European Venture Capital Association’s proposal to “unify industry professional standards coverage across Europe” and “within 12 months.”Rasmussen