Wall Street’s main regulators are advancing on a controversial bid to boost how much information big hedge funds must share with the US government.
Securities and Exchange Commission Chair Gary Gensler signaled on Wednesday that his agency and the Commodity Futures Trading Commission may soon require large private funds to confidentially give more details on borrowing and counter-party exposure, liquidity and other metrics. The agencies proposed the mandates last year.
“Stay tuned,” Gensler said during a conference hosted by Better Markets, a Washington-based group that generally advocates for tighter financial rules.
Source: Hedge Funds Facing More SEC Reporting Mandates, Gensler Says
