EU should be "driving force" in SWF regulation

The EU should be at the forefront of the effort to supervise sovereign wealth fund investments, the European Commission has said.

The Commission, which published proposals for a voluntary code of conduct on Wednesday 27 February, said that the Union should be "a driving force furthering international work" on enhancing the transparency of sovereign wealth funds.

"I'm very happy about this initiative. It's a very welcome stance on the part of the Commission," Norbert Walter, head of research a