the public backlash would be much less intense than it would be for a bank (because a bank must abide by strict regulations, such as those mandated by the Basel Accords).
18. Called the SME association and the Hedge Association, the latter being entitled to invest in a wider range of assets. 19. Most regulations define the conditions according to which hedge funds would not be regulated. Even today, no jurisdictions address hedge funds as such. 20. Reference i...