The Chairman of the Financial Services Authority, Adair Turner, arrives for a meeting in Downing Street, in central London October 7, 2008. British Prime Minister Gordon Brown and Finance Minister Alistair Darling will meet the heads of the Bank of England and Financial Services Authority on Tuesday for talks on stabilising the banking system. REUTERS/Luke MacGregor (BRITAIN)
LUKE MACGREGOR/REUTERS
As the U.K. goes, maybe so goes the U.S. — on the nettlesome question of hedge fund regulation, anyway.
London already requires managers to register in a process that collects details on hedge fund leverage from prime brokers every six months as a guard against systemic risk.
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