AK EUROPA & ÖGB Europabüro: Panel Discussion on Hedge Funds and Private Equity
[30-11-2009]
For years, the European Commission and its free-marketeer Internal Market Commissioner Charlie McCreevy had firmly blocked all efforts to regulate hedge funds and private equity and had advocated self-regulation of the multi-trillion Euro industry. Against the will of the major political parties in the European Parliament, who had urged the Commission to come forward with plans for regulation already in 2008.Economic
Hedge Funds & Private Equity: Victims or Perpetrators?
Panel Discussion on the Need for EU-Regulation for
Alternative Investments Funds
Monday, November 30, 2009 – 19:00h
Permanent Representation of Austria to the EU
Avenue de Cortenbergh 30, 1040 Brussels
Under considerable political pressure due to the financial crisis, and shortly before the elections to the new European Parliament, in April 2009 the Commission finally came forward with a proposal for a directive to regulate the managers of hedge funds and private equity funds (Alternative Investment Fund Managers).
Right from the start, the proposal has sparked heated controversies. While the financial services industry under the leadership of the City of London has massively mobilised opposition to bring down the proposal, critics of the draft directive claim that it offers too many loopholes and does not regulate the funds themselves.
AK EUROPA and the ÖGB Europabüro want to take up the discussion at a crucial moment when the proposal is being negotiated by Member States and the European Parliament.
Talking Straight
MEP Wolf KLINZ
Chairman of the Special Committee on the Financial, Economic and Social Crisis (ALDE)
MEP Evelyn REGNER (tbc)
Vice-Chairwoman Committee of Legal Affairs and Rapporteur for the Directive on Alternative Investment Fund Managers (Socialists and Democrats)
Sony KAPOOR
Executive Director Re-Define, Think Tank on Reforming the Financial System
MEP Jürgen KLUTE
Shadow Rapporteur for the Directive on Alternative Investment Fund Managers in the EP Economic and Monetary Affairs Committee (GUE/NGL)
Didier MILLEROT
Deputy Head of Unit Asset Management, DG Internal Market, European Commission
Thomas ZOTTER
Financial Services Expert, AK Chamber of Labour Vienna
Chair: Detlef FECHTNER
Brussels Correspondent WAZ
Chairman of the Special Committee on the Financial, Economic and Social Crisis (ALDE)
MEP Evelyn REGNER (tbc)
Vice-Chairwoman Committee of Legal Affairs and Rapporteur for the Directive on Alternative Investment Fund Managers (Socialists and Democrats)
Sony KAPOOR
Executive Director Re-Define, Think Tank on Reforming the Financial System
MEP Jürgen KLUTE
Shadow Rapporteur for the Directive on Alternative Investment Fund Managers in the EP Economic and Monetary Affairs Committee (GUE/NGL)
Didier MILLEROT
Deputy Head of Unit Asset Management, DG Internal Market, European Commission
Thomas ZOTTER
Financial Services Expert, AK Chamber of Labour Vienna
Chair: Detlef FECHTNER
Brussels Correspondent WAZ
Simultaneous translation (GER/EN) will be provided.
After the discussion, we will invite you to a walking buffet.
After the discussion, we will invite you to a walking buffet.
