US Treasury warns SWF rules could cause backlash
Lawmakers on the Senate Banking Committee are looking into the impact of fund investment on economic and financial security. But McCormick warned imposing rules on funds could trigger hostility towards US firms with operations abroad.
"The US is the world's leading foreign investor. If the US imposed new restrictions, other countries
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Sovereign Wealth
Hong Kong and Saudi Arabia to launch $1bn fund
HKMA will team up with Saudi sovereign wealth fund to help Chinese firms invest in Middle East
Norges Bank divests from Israeli firms active in Gaza
Bank terminates contracts with Israeli investment managers and brings portfolio management in-house
Bundesbank backs German debt brake reform
Next chancellor could try to push reform through before new parliament is sworn in
Hungary’s central bank to maintain active green programme
MNB to offset 2024 carbon footprint with 36 hectare nature restoration
Sovereign debt in default fell by 1% in 2023 – BoC study
Research finds shift in lending away from Paris Club creditors towards China
Mozambique parliament passes SWF law
New fund will absorb oil and gas revenue in line with IMF conditions
Dubai creates new sovereign wealth fund
Dubai World “will be affiliated” to new investment arm
Philippines’ Marcos pledges SWF will still go ahead
Government puts implementation rules on hold, but president says it will open by year’s end