US regulator calls for greater scrutiny of hedge funds after bond turmoil- FT

After next month’s’s revolution in U.S. government bonds, the Financial Times reported on Saturday that hedge funds and other components of the shadow banking system need to be subject to greater scrutiny, according to( Reuters )- Gary Gensler, head of that body.

Reduced risks from speculative funds and non-banking financial institutions, according to Gensler, were” more important than even ,” he said to the newspaper.

The Financial Times cited Gensler as saying,” We just had Treasury yields move more significantly than they had in 35 years in three days in mid-March ,” referring to the volatility in Treasury bonds last month after Signature Bank and Silicon Valley Bank both fell quickly.

As a capital markets regulator, it’s’s appropriate to speak with people and determine whether that risk exists when you have that. propagates out a lot.

The SEC last month put forth fresh guidelines for better managing private equity and hedge funds, including the requirement that events indicating” significant pain” must be reported to them within a single business day.

According to the report, Gensler had previously determined that hedge funds posed a threat to financial stability and that the SEC was in constant contact with competition subjects and received weekly estimates from them.

( Reporting from Bengaluru by Gokul Pisharody, with Mark Potter and Alex Richardson editing )

This week has seen a lot of significant stories in the U.S. and elsewhere. OAN Newsroom Updated 7:19 Do on Saturday, April 15, 2023.

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