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...
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