Hedge Funds Politics & Regulation

MFA supports centralized regulation of systemic risk


The Managed Funds Association yesterday announced its support for creating a federal systemic risk regulator to help restore investor confidence and ensure proper functioning of the capital markets.

In testimony before a hearing by the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, MFA president and chief executive Richard Baker said that “The restoration of stability and confidence in financial markets will require constructive, collaborative efforts among policy makers and the private sector towards the shared interest of reestablishing a sound, stable financial system.”

The MFA, the most influential hedge fund industry group, is “committed to