Hedge Funds Review talks with Joseph Bannister, chairman of the Malta Financial Services Authority, about the challenges and concerns facing regulators.

In a wide-ranging interview, Bannister talks about the major lessons regulators have learnt from the financial crisis as well as his views on the European Union's alternative investment fund managers directive.

He speaks about the exchange of information by regulators, how that has changed and is continuing to develop and how Malta co-operates with other regulators outside the EU, in particular the US Securities and Exchange Commission and the Cayman Islands Monetary Authority.

Bannister talks candidly about the challenge of regulating one of the most innovative and fast-changing areas of financial services, hedge funds. He expresses his views on why regulators need to listen to industry and says why he thinks all hedge funds should be regulated.