Page last updated at 16:19 GMT, Monday, 20 September 2010 17:19 UK

Hugh Hendry: 'It was too easy to make money speculating'

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The US has introduced new financial laws, new banking regulations have been brought in in Europe, and Britain is considering its own banking reforms.

Now the European Parliament has the secrecy of hedge funds in its sights. But is all this really reducing the amount of risk we are exposed to?

Stephen Sackur talks to hedge fund manager Hugh Hendry, who says he thinks people will be much more cautious, more risk averse and less willing to take on debt in future.

You can watch the full interview on Tuesday 21 September on BBC World News at 0330, 0830, 1530, and 2030 GMT and in the UK on BBC News Channel at 0430 and 2330 BST.

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