US - The Securities and Exchange Commission (SEC) has reportedly called for an end to further regulations on hedge funds - at least for now.
According to reports, SEC chairman Christopher Cox told the Senate Banking Commission that legislation was not currently needed in the hedge fund industry, although he accepted it may be needed in future.
Newspaper reports said that Cox believes the SEC’s current anti-fraud legislation goes far enough.
His comments follow a federal court decision last year that barred SEC regulation requiring hedge funds to register with the body.
In a separate development, the SEC recently established an advisory committee to examine the US financial reporting system.
The committee has been tasked with making information more useful and understandable for investors.
The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.
The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).