EC promises financial 'tough love' (Dealscape

European banks should fear their regulators, the head of the European Union's executive said Tuesday, March 17, signaling a new, aggressive stance by the European watchdog as a high-ranking official declared that hedge funds and private equity shops operating in the EU will be subject to new rules, beginning as soon as next month.

"I worry that some banks are still in denial," said Neelie Kroes, the head of the European Commission, in a speech to a conference on industrial competitiveness. "If it takes some tough love to make them face up to their responsibilities, then that's what I am prepared to offer."

This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools.

To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button.

Dig deeper, with Pipeline.

1,279 in-depth reports of law and regulation in the financial sector
2,411 articles related to European Union
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Deutsche Bank
Birds Eye
Cadbury AG
Agrium Inc.
Skadden Arps
Revolution Money
Tandberg ASA
Aisling Capital
Ken Lewis
Natco

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? EC promises financial 'tough love' Posted on March 18, 2009 5:38 AM European banks should fear their regulators, the head of the European Union's executive said Tuesday, March 17, signaling a new, aggressive stance by the European watchdog as a high-ranking official declared that hedge funds and private equity shops operating in the EU will be subject to new rules, beginning as soon as next month. "I worry that some banks are still in denial," said Neelie Kroes, the head of the European Commission, in a speech to a conference on industrial competitiveness. "If it takes some tough love to make them face up to their responsibilities, then that's what I am prepared to offer." This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 1,279 in-depth reports of law and regulation in the financial sector 2,411 articles related to European Union 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.