Geithner warns of rift over regulation

in Gold Gold Bullion prices by admin — March 11, 2010 1:08 am | no comments

Tim Geithner, US Treasury secretary, has delivered a blunt warning to the European Commission that its plans to regulate the hedge fund and private equity industries could cause a transatlantic rift by discriminating against US groups. A letter sent by Mr Geithner this month to Michel Barnier, Europe’s internal market commissioner, makes it clear that the European Union is heading for a clash with Washington if it pushes ahead with what the US – and Britain – fear could be a protectionist law. The debate over the shape of future financial regulation has reached a critical point in Brussels. Diplomats… Original Article: Forum: News/Activism

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Geithner warns of rift over regulation

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