Reuters in Brussels report: "Europe and the world must rethink financial regulation and supervisory rules, including for hedge funds and private equity, once the credit crisis subsides, European Commission President Jose Manuel Barroso said on Tuesday. Positive market reaction around the globe showed European Union countries were on the right track with their coordinated 2.2 trillion euro ($3,023 billion) rescue plan for banks adopted in emergency talks in Paris on Sunday, he said." Read the article here.
