Thu, Mar 5, 2015
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Compliance/Regulation/Legal

Norway oil fund rejected Greek debt swap, CEO Slyngstad says

Posted on 19 March 2012

Norway’s sovereign-wealth fund rejected the Greek debt swap because it disagreed with the different treatment given to the European Central Bank, according to chief executive officer Yngve Slyngstad.
“It’s very important to create trust in the markets,” Slyngstad said in an interview in Oslo. “To create trust you have to stay by the rules and therefore to give preferential treatment or to give collective-action clauses retroactive use is challenging. We said ‘no’ on a principle basis.” ……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 15850 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
M T W T F S S
« Feb    
 1
2345678
9101112131415
16171819202122
23242526272829
3031