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Monday, July 30, 2007 at 8:29 AM
8:29AM

New rule set

DateMonday, July 30, 2007 at 8:29AM

PRESS RELEASE: Remarks by Acting Under Secretary for International Affairs Clay Lowery on Sovereign Wealth Funds and the International Financial System, Department of the Treasury, June 21, 2007

Good sign of anticipating the need for a Core-wide rule set on government-run investments.

As the statement notes, this is a new problem/opportunity that is--itself--a reaction to the currency crises of the mid-1990s.

So the adjustments never end, the rule sets simply get refined.

Thanks to greg for sending this.

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