Europe outlines sovereign wealth regulation

Nicholas Pettifer | NEWS ANALYSIS - February 27, 2008

Despite a warning from IFLR, the European Commission (EC) will press ahead with a voluntary code of conduct for sovereign wealth funds.

On Tuesday, European Commission president José Manuel Barroso issued a statement during his official visit to Norway. While admitting that sovereign wealth is "not a big bad wolf at the door", he drew upon the transparency of Norwegian funds as a paradigm for other funds in Europe.

"A code of conduct has been...




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