May 12, 2006
‘Hedge funds could cause problems in case of a financial meltdown’
Around last month, Europe’s financial regulators simulated a continent-wide financial crisis. This was just to check the veracity of claims that they are ill prepared to stop a problem in one country spreading across borders. And one of the areas that could be troublesome is the hedge fund sector. News.ft.com reports:
However, the report warned that hedge funds and credit derivatives were sources of concern “as related risks remain opaque and they have become extremely relevant in assessing financial stability both across borders and across all financial sectors”.
Read more: Europe simulates financial meltdown
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