2009年3月15日

British PM promises tougher regulation

But it wasn't the hedge funds that brought down the system, it was the most regulated parts, ie banks, that collasped. 

Scapegoats are always easy to find. 

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British PM promises tougher regulation

The British prime minister, Gordon Brown, has promised to introduce tougher financial regulation and better monitoring of the markets. Mr Brown said the government would give Britain's main financial watchdog, the FSA, more power and resources. He said hedge funds and investment funds, which had enjoyed poor controls and little transparency, must be brought under the FSA's supervision.


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