The Labour Party is pushing for a levy on the payday industry to fund credit unions.
The government pumped stimulus money into the economy during 2009, and took advantage of an International Monetary Fund credit line that reassured investors.
The GCC countries most reliant on foreign financing to fund credit expansion, such as the UAE, are suffering the sharpest effects.
The funds have never held Greek bank debt, which rarely met the funds' credit rating standards.
There was a broad run on money market funds; credit markets froze.
GE Financial Network already offers insurance, mutual funds, credit cards, home mortgages and other financial services.
Sometimes banks pull funds' credit lines and managers are forced to shut down.
Blackstone's alternative asset management businesses includes the management of private equity funds, real estate funds, funds of hedge funds, credit-oriented funds and closed-end mutual funds.
Yet added collection of data on money market funds, credit-default swaps, financial leverage and counterparty risk exposure, he said, could make it possible for financial institutions themselves, as well as regulators, to have early-warning signals of trouble.
