The Spanish EU Presidency is aiming to close an agreement on the draft hedge and private equity funds directive at a meeting of finance ministers in Brussels tomorrow (16 March), with teething problems on foreign fund treatment threatening to derail a deal. 

The Finance Minister of Sweden, which took the helm of the EU yesterday (1 July), said hedge funds and private equity firms needed to be regulated, but warned against "overzealous" initiatives as they should not be seen as the primary cause of the global financial crisis.

After the European Parliament approved tighter controls on hedge funds and private equity firms yesterday (17 May), the EU's finance ministers today gave their blessing to a very different proposal, leaving the European Commission with the job of forging a "dynamic compromise" by June.

After the European Parliament approved tighter controls on hedge funds and private equity firms yesterday (17 May), the ball now passes to the court of the EU's finance ministers, who find themselves in a very different position. Wedged between the two, the European Commission says it wants a "dynamic compromise" by June.

Regulation of hedge fund and private equity fund managers in Europe is poised to go ahead after European Union finance ministers reached agreement on new rules for the alternative investment fund sector

New rules for hedge funds and private equity are expected to move a step closer when EU finance ministers push for tough regulation at a meeting in Brussels

European laws to regulate hedge funds and private equity funds for the first time should be subject to a full impact assessment, a UK treasury minister says

Hundreds of small companies have warned EU legislators over possible consequences of proposals to regulate hedge funds and private equity funds, saying these could affect capital support

Proposals to regulate hedge funds and private equity funds in Europe could be a "catastrophe" for the venture capital sector, industry figures warn

The European Commission yesterday (11 March) rejected criticism coming from Washington that plans to regulate hedge funds and private equity in Europe would cause a transatlantic rift by closing doors to US funds.