Self-regulation for the unregulated

Author: | Published: 1 Feb 2009

Hedge fund advisers, leaders of the largest unmonitored financial institutions, and credit default swaps, the largest unmonitored products, will be forced to register with regulators and self-regulate to please investors in 2009.

Bernard Madoff's collapsed Ponzi scheme in December created a regulation buzz in the Senate that will force hedge fund advisers to register and report capital incomings and outgoings to prevent suspicious activity.