By supporting tighter regulation on hedge funds and private equity last week, the European Parliament's Economic Committee may have signalled the end of an era for the financial sector. Poul Nyrup Rasmussen, president of the Party of European Socialists, tells EurActiv why he thinks events have taken a new turn.

European lawmakers vote overwhelmingly in favour of new rules to regulate hedge funds and private equity funds on a pan-European basis for the first time

Hedge funds and private equity firms are hoping a resurgent right wing in European politics will give them stronger support when they call for changes to proposed legislation they see threatening their industries.

The European Parliament approved today (11 November) new rules to regulate managers of hedge funds and private equity groups from 2013, ending long and bitter negotiations over how tough the new regime should be.

A fresh effort to unblock the logjam over new EU rules to regulate hedge funds and private equity funds and allay US fears of regulatory protectionism is being spearheaded in the European parliament

With pressure mounting over a European Commission proposal on hedge funds and private equity, French pro-regulation MEP Jean-Paul Gauzès has been nominated to steer the controversial draft through the European Parliament.

Hedge funds and private equity could be forced to abide by minimum capital requirement rules in future if a report adopted by an influential European Parliament committee becomes EU legislation.

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.

French MEP Jean-Paul Gauzès insists that most hedge funds and private equity groups have little to fear from a law that he is steering through the European parliament to regulate their industries