Traduction de «spéculatif » (Français → Anglais) :

EUROPA - EU law and publications - EUR-Lex - EUR-Lex - mi0083 - EN - Hedge funds and private equity funds — rules for managers

13. Urges the Commission, in this context, to submit a legislative proposal on hedge funds and private equity funds; reiterates its conviction that such legislation should aim, inter alia, to set up an EU framework for the registration and licensing of hedge funds and hedge fund managers and to create an EU register for structured products;

14. Recognises that EU onshore hedge funds, hedge fund managers and private equity firms are subject to existing legislation, notably concerning market abuse, and that regulation applies to them indirectly through counterparties and when related investments in regulated products are sold; recalls, in particular, that the banks that finance hedge funds and private equity are themselves regulated under Community law as regards, inter alia, capital adequacy, conflicts of interest and systems and controls; observes also that the business relationship of banks with hedge funds and private equity firms affords them considerable influence to ...[+++]demand and receive as much information from their clients as they deem necessary to fulfil their role;

18. Is fully aware of the rapid rise of alternative investment vehicles (hedge funds and private equity), recognises that they provide liquidity and diversification in the market and create an opportunity to improve efficiency of corporates, but shares also the concerns of some central banks and supervisors that they may give rise to systemic risk, and to high levels of exposure of other financial institutions; welcomes the Commission's recent studies on hedge funds and private equity, but regrets that these studies have so far focused only on barriers to the growth of such funds; invites the Commission to monitor any potential policy ...[+++]gaps, and asks for a broader and more critical approach with regard to the extent to which hedge funds pose a risk to financial stability and to the risk management of the level of leverage and diversification; urges the Commission to assess the quality of supervision in offshore locations and to step up cooperation with the supervisors in these jurisdictions;

18. Is fully aware of the rapid rise of alternative investment vehicles (hedge funds and private equity), recognises that they provide liquidity and diversification in the market and create an opportunity to improve efficiency of corporate, but shares also the concerns of some central banks and supervisors that they may give rise to systemic risk, and to high levels of exposure of other financial institutions; welcomes the Commission's recent studies on hedge funds and private equity , but regrets that these studies have so far focused only on barriers to growth of such funds; invites the Commission to monitor any potential policy gaps ...[+++], and asks for a broader and more critical approach with regard to the extent to which hedge funds pose a risk to financial stability and to the risk management of the level of leverage and diversification; urges the Commission to assess the quality of supervision in offshore locations and to step up cooperation with the supervisors in these jurisdictions;

24. Welcomes the decision of the German G8 presidency to put the problem of international capital market regulation on the agenda for the next G8 summit; expresses its concern that the US has unilaterally announced new principles for private capital pools which are based on non-binding transparency measures; asks the Commission to ensure equivalent ownership rights in each other's territory for enterprises; strongly believes that a dialogue on hedge funds and private equities should be engaged in view of the systemic risk their activities represent and the growing debate over their wider social and economic consequences; asks the Com ...[+++]mission what it will do in this respect, bearing in mind that the US is preparing proposals; recalls that two-thirds of hedge and private equity funds are based in off-shore centres and therefore asks that their fiscal implications be examined;