Trichet on the financial services policy 2005-2010

In the speech 'Financial services policy 2005-2010: the ECB's view' given on 18 July, Jean-Claude Trichet of the ECB said that international agreement would be needed before regulations are imposed on the hedge fund industry.

"I strongly believe that any regulatory response, if it proves necessary, should be taken in a coordinated manner at the international level -- with particular attention to the transatlantic level -- given the global nature of the hedge fund industry," he said in the speech

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