New York, NY, March 16, 2010 --(PR.com
)-- GoldenNetworking.com's Hedge Funds Leaders Forum 2010, "Generating Alpha in Challenging Times" (http://www.HedgeFundsLeadersForum.com), March 18th, DLA Piper, New York City, will discuss feud between U.S. Treasury Secretary Timothy F. Geithner and Amadeu Altafaj, spokesman for the European Commission on economic and monetary affairs, on hedge funds regulation at panel "Generating Market-Beating Returns Under the Watchful Eye of the SEC".
Reported The Washington Post, "U.S. Treasury Secretary Timothy F. Geithner warned on Friday of the diverging approaches developing in the world's major financial centers, arguing that if the United States fails to take a convincing lead on financial reform it could lead to an ineffective patchwork of global regulation. 'The American financial system is strong in part because our firms operate globally,' Geithner said in remarks at the Export-Import Bank in Washington. 'If America cannot demonstrate its ability to act and reform our markets here, then other countries are going to decide they will go their own way on reform, and the American financial system will have to live with the risk... of inconsistent, different, competitively weaker standards for financial oversight around the world.' The chief concern is with Europe, the world's other major capital market, where officials want to deal more rigorously with some types of activity -- effectively barring U.S.-based hedge funds from operating there, for example -- while remaining more relaxed".
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