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SWFs in an Evolving Global Financial System - Regulatory Challenges in the European Union |
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IP11 Seminar 30 January 2009, Czech National Bank (CNB), Prague, Czech Republic
Seminar Background note
SWFs have existed since the 1950s, constituting an important source of liquidity in financial markets. Their rapid growth risks provoking a protectionist response by industrialised countries, notably within the European Union. The workshop will discuss the different options taken by Germany, France, Italy and the Great Britain. The proposals discussed by European leaders would feed into international efforts, both at Organisaton of Economic Co-operation and Development (OECD) and International Monetary Fund (IMF) levels. A voluntary code of conduct could help avert the problem. The seminar will explore consequences of the European Commission’s call for a code of conduct ensuring transparency and that the basic motives for the investment of SWFs become clear and that the funds themselves apply good corporate governance. Download Seminar Roadmap |