Financial Times FT.com

US forms taskforce to study SWF issues

By Chris Bryant in Washington

Published: February 28 2008 02:00 | Last updated: February 28 2008 02:00

Investments by sovereign wealth funds are to come under closer scrutiny after US lawmakers yesterday announced the creation of a bipartisan taskforce to study their effect on the US economy and national security.

The announcement came as the European Commission put forward its own proposals for greater transparency among state-owned funds.

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