self regulation - what future in the context of hedge funds?

1. introduction; 2. an overview of the US regulatory approach to hedge funds until the outbreak of the financial crisis; 3. an overview of the EU's regulatory approach to the hedge funds until the outbreak of the financial crisis; 4. the financial crisis and its aftermath: an overview of government intervention on alternative investment funds in Europe, the US and internationally; 5. self-regulation versus government regulation: market and regulatory convergence reconsidered; 6.self and external regulation from an international supervisory perspective: what future for self-regulation? 7. concluding remark