SWF rules unnecessary: OECD chief

Angel Gurria, the secretary general of the OECD, has called on regulators to resist from unduly hampering sovereign investments.

"There should not be any legislation or any regulation or any code applied that unduly restricts the freedom of investment [for sovereign wealth funds], because we would be doing ourselves a disservice," Gurria said, noting that he had yet to see a sovereign investment motivated by anything other than profit.

He did, however, say that this criterion must remain if s