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EU Directive should unify, not fragment, the global financial regulatory system

"Refreezing financial markets just as they are beginning to thaw makes little sense."

Henry SmithBy Henry SmithEuropean efforts to regulate hedge funds and other alternative investment vehicles run the risk of fragmenting the global financial regulatory system at a time when the Continent’s economies can least afford it.The EU Commission’s draft Directive on Alternative Investment Fund Managers has already had a damaging effect.

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