The squeeze on Muammer Gaddafi tightened on Thursday after the UK froze assets of Libya??s sovereign wealth fund, including holdings at HSBC, and Austrian authorities questioned a senior fund executive, the FT reports.
Europe??s top regulator has urged banks to ??show moderation and responsibility? as they announce their annual bonus pools in coming weeks ?? and issued a thinly veiled threat of restrictions if they step out of line with current rules.
France drops opposition to new hedge fund rules (Fund News)
A deal on pan-European rules for hedge funds and private equity funds moved closer after France dropped its outright opposition to draft legislation that would give non-EU fund managers pan-EU marketing rights, the so called passport rule.