Transatlantic tug-of-war puts European hedge funds in "impossible position"
Some funds will have to comply with Dodd-Frank and Emir simultaneously
Hedge funds are calling for a change to cross-border derivatives rules before European clearing requirements come into force – arguing overseas funds of European managers will be caught in a regulatory tug-of-war. Some of these funds also fall within the scope of the US clearing regime, but are not covered by the transatlantic framework designed to resolve such conflicts, lawyers say.
"The cross-border application of US regulation puts a lot of European hedge funds in the impossible position of
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