FT reports that Euro zone countries led by France and Germany plan to push through a new and controversial regulatory framework on hedge funds and the private equity sector next week after turning down British pleas to defer a vote in Brussels. The refusal by Paris and Berlin to delay a decision on the new rules, which are opposed by the UK, has set up a bruising early confrontation with David Cameron’s new government – FT
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So, we break up banks, thats fine, but now we regulate private capital. Maybe someone is going to tell me were the money for expanding bussiness is going to come from? In this current economic climate where we need growth in the private sector this all sounds like another merry disaster in the making.