Taking Santiago forward: a 12-point plan
The role of sovereign wealth funds in the global financial system has been one of the top items on the global agenda in the past 20 months.
Responding to a political backlash, funds formed the International Working Group of Sovereign Wealth Funds in May 2008. In the course of a few months, the working group hammered out as set of Generally Accepted Principles and Practices, known as the Santiago Principles, published in October 2008.
The Santiago Principles served as an attempt at a framework
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