SWF Radar

The Guardian reports that, “Brussels likened Russia’s state-owned gas monopoly, Gazprom, to a sovereign wealth fund (SWF) [Wednesday] and warned of a new age of industrial espionage unless the funds were subject to greater scrutiny and disclosure rules.”

The article quotes EU internal market commissioner Charlie McCreevy as asking, “What’s the difference between a state-owned enterprise and a sovereign wealth fund?” This question is likely to be asked more often over the coming months as various SWF codes of conduct take shape.