Word: britishized
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...effort to shore up investor protection while reducing risk - has attracted growing criticism. London-based AIMA, a global hedge-fund industry group, calls proposed disclosure requirements bureaucratic. Kinetic Partners, a consultancy for the U.K. hedge-fund industry, reckons meeting stricter capital requirements and risk-management rules could cost British funds as much as $5 billion. For those outside the E.U., though, the proposals are just as stern. Managers or funds elsewhere in the world that don't meet equivalent regulatory standards will be barred from touting to European investors. "Basically," says Julian Korek, founding member of Kinetic, the region "becomes...
...Beating up on hedge funds or private equity on the tail of a banking crisis is itself a little puzzling. Official reports into the financial crisis - such as the British government-commissioned Turner Review, published in March - assigned such funds only a peripheral role in the tumult. National politicians have been quick to come to their defense. "It is not private equity that caused the crisis, nor hedge funds," Mats Odell, Sweden's financial markets minister said earlier this month in the context of the E.U.'s proposals. "But in some countries, the political debate portrays [them] as the problem...
...from industry and national governments, the proposals - currently being scrutinized by both the European Parliament and European Council, which represents national governments at the E.U. level - will almost certainly be amended. Sweden's Odell insisted the legislation was "a raw diamond that needs to be polished more." Myners, the British Minister, has vowed to "fight tooth and nail" to get the draft revised. Industry groups, meanwhile, have mounted keen lobbying campaigns. With nothing likely to enter into force before 2011, "there's one safeguard against it being introduced as it is," says AIMA's Baker. "It's mumbo jumbo...
...sperm are not ready for transplantation into human patients - in any case, British law prohibits their transplantation into people - but they may provide valuable clues to the causes of male infertility. Nayernia's group is now working on creating sperm from the skin cells of infertile men (the sperm cells in the current study were generated from embryos discarded by fertility clinics), and by studying the way those sperm develop, researchers may gain insight into the origins of infertility and potential new treatments. Theoretically, for example, if sperm could be created from the cells of a cancer patient...
...pictures of British soldiers in Afghanistan...