Director of SEC Office of International Affairs Testifies Before Senate Committee on the Regulatory Framework for Sovereign Investments

  • Ethiopis Tafara, Director of SEC Office of International Affairs, testified before the Senate Committee on Banking, Housing and Urban Affairs regarding regulatory concerns raised by sovereign wealth funds and sovereign business ownership.
  • Specifically, Tafara discussed six regulatory concerns arising out of sovereign wealth fund investment and sovereign business ownership: market efficiency, transparency, enforcement, information disparity and corruption. In addition, he briefly described recent efforts to create best practices for sovereign funds.

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