The Hill News

Hedge funds listen: Ever heard of the TALBA? Of course not. It does not exist. Well, de facto it will exist: Analyzing the latest transatlantic legislative developments of financial sector regulation one might well speak of the creation of a Transatlantic Lehman Brothers Act, i.e. the TALBA.

Following the near collapse of the financial systems, a raft of rules aimed at preventing another crisis have been proposed and approved by  US legislators. And  European lawmakers are about to do the same. However, disagreement between European decision makers on how to deal with the problem of hedge funds have delayed the entry into force of such EU laws. A case in point is the proposed EU Alternative Investment Fund Managers Directive (AIFMD). It has taken nearly 18-months, but European lawmakers are still to agree on new controls for hedge funds.

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