Yesterday, the European Commission put forward proposals to the European Council on sovereign wealth funds (SWFs) and financial stability. The Commission is proposing that EU leaders endorse a common EU approach to increasing the transparency, predictability and accountability of SWFs.

On financial stability, the Commission wants the European Council to confirm the principles which will guide the EU’s efforts to improve financial market transparency and reinforce prudential control and risk management, and to set out the broad lines of the action to be taken.

To view the news release, please visit here.