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SWF code may be delayed
- Tuesday, July 29 - 2008 at 16:19
An International Monetary Fund official has been quoted as saying that the world's Sovereign Wealth Funds may not agree to a universal code of conduct by 11 October, according to a Reuters report. SWFs, which control an estimated $3 trillion in assets, were to have a non-binding code by this date but the report quotes John Lipsky, the IMF's deputy managing director, as saying that this now looks unlikely.
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StaffTuesday, July 29 - 2008 at 16:19 UAE local time (GMT+4)
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