Angela Merkel challenged Gordon Brown on Wednesday to drop his objections to European regulation of the hedge fund and private equity industry. The German chancellor called for greater progress in agreeing new financial regulations at an international level, and singled out UK opposition to the proposed European Union hedge fund directive. Finance ministers delayed a decision on hedge fund legislation on Tuesday after Mr Brown, Britain’s prime minister, pleaded that the issue be shelved until after UK elections.

This entry was posted by Tracy Alloway on Thursday, March 18th, 2010 at 2:44 and is featured in The 6am Cut London (18 Mar 2010), The Lunch Wrap (18 Mar 2010) . Tagged with angela merkel, financial reform, germany, gordon brown, hedge funds. Edit this entry.