The International Organization of Securities Commissions, an
association of national securities regulators, has begun
formulating rules to regulate the hedge fund industry.
There is no timeline for when these guidelines would be
completed, and the rules would not bind member regulators.
The decision to investigate hedge funds was reached at an
IOSCO summit in Frankfurt where Jochen Sanio, head of German
financial regulator BaFin, said that hedge funds pose a threat
to the stability of...