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EU hedge funds should have limits on leverage for stability risks, ESMA says

( December 17, 2020, 17:17 GMT | Official Statement) -- MLex Summary: EU alternative fund managers such as hedge funds should face caps on their leverage if deemed to be posing an unacceptable risk to the financial system, the European Securities and Markets Authority has said. ESMA proposed that national authorities followed a two-step system following guidance from global standard-setters Iosco.Statement follows. Document attached. ...

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