16 juil. 2024

The Role of Sovereign Wealth Funds in the Global Financial Markets: a Legal Viewpoint

Guest Lecture by Dr Lucia Satragno 

Sovereign Wealth Funds (“SWFs”) as a group of diverse government-owned investment vehicles have changed considerably since their inception to become key players in the global financial markets. Improvements to their institutional and governance arrangements during the past decade have helped SWFs overcome certain concerns over their purposes and the quality of their investments. During this presentation Dr Satragno analyses the evolution of SWFs’ governance arrangements from a multi-level governance perspective. In doing so, she examines how SWFs—as investment vehicles primarily focused on foreign investments—have taken on expanded roles and become invaluable domestic policy tools that their home countries can rely on to deal with crises. In particular, this presentation offers a study of the different regulatory approaches to SWFs with a special mention to the special case of Singapore’s two funds (GIC Private Limited and Temasek Holdings).