In Australia, the regulatory authorities draw no distinction between hedge funds and other investment managers; the regulatory regime is determined by what the entity does, rather than what it is called. This ensures a level playing field.
Conclusions Ladies and gentlemen, let me conclude: The single monetary policy – firmly rooted in the principles of independence, transparency and high credibility – has been remarkably successful in anchoring longer-term inflation expectations at levels consistent with price stability. Through this achievement, the single monetary policy has preserved a necessary condition for sustained growth in economic activity and employment creation.