Norges Bank supervisory board strongly criticises contract with new SWF head

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Norges Bank’s supervisory board has told Norway’s parliament that it should make major changes to the working agreement between the central bank and the incoming head of the sovereign wealth fund (SWF).

In an unscheduled letter to parliament on June 11, the central bank’s supervisory board says new control measures will be needed to oversee Nicolai Tangen. But central bank governor Øystein Olsen rejected the board’s comments, saying the agreement Norges Bank had reached with Tangen was

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