Sovereign fund regulation
March 01, 2008
Australia sets a precedent for the world
Sovereign wealth fund regulation starts here, as Australia sets a precedent for international guidelines on government-backed investors.
The country has unveiled a set of screening criteria governing sovereign wealth fund investments, which will be used by regulators to judge foreign, namely sovereign wealth fund, bids. Among the six guidelines is whether the investors "are independent from the relevant foreign government," including the extent to which they operate at arm's length from its government and whether they are controlled by a...
The rest of this article is available to subscribers only. Subscribe today for full access to this article.
Alternatively take a free trial, giving you access for 48 hours*.
If you are already a subscriber, please log in below to access the rest of this article.
*some articles may be excluded.