EU finance ministers thrash out major financial supervision overhaul

LUXEMBOURG — European Union finance ministers agreed Tuesday on the outlines of a major regulatory overhaul that would set up new agencies to oversee financial companies and a new watchdog to warn of major risks.

EU lays out first new rules to increase oversight for hedge funds, private equity funds

BRUSSELS — The European Union is proposing new rules extending oversight for the euro2 trillion hedge fund and private equity fund industry.