German Economy Minister Philipp Roesler has a plan for regulation of "shadow banks" such as hedge funds, private equity firms and money market funds, German daily Sueddeutsche Zeitung reported Tuesday, citing a document it saw. "Shadow banks can endanger the financial system just as much as regular banks," the newspaper reported, quoting from the document.
Roesler also wants to put computer-program trading under supervision and to corral high-frequency trading, the newspaper said.
Further, Roesler's plan envisions less influence for the ratings agencies in assessment of sovereign debt.
The newspaper also reported that the German coalition government wants to curtail speculation in foodstuffs and other commodities by regulating futures trading.
