Australia is to raise scrutiny of foreign investors, the first example of a nation taking concrete steps towards controlling activities of sovereign wealth funds and state-owned companies.
The government published six principles it said were intended to “enhance transparency of Australia’s foreign investment screening regime”.
Read the rest of the article : [Source:FT.com]
and also today's FT's Editorial on SWFs :
In drawing up individual rules for dealing with sovereign funds, the risk for recipient nations is that they lose the goodwill of investing countries. A much better course is to draw up a global code of conduct.
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