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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

Slovenia set to approve creation of a sovereign-wealth fund

Posted on 28 September 2012

Gunter DeuberSlovenian lawmakers probably will approve the creation of a sovereign-wealth fund and pass legislation on bank stability as the former Yugoslav republic intensifies efforts to avoid an international rescue.
Lawmakers gather in Parliament today to approve creation of a wealth fund designed to manage assets valued at more than 10 billion euros ($12.8 billion). They will also vote on a plan to exchange as much as 4 billion euros worth of state-backed bonds for banks’ non-performing loans, while banks would get an additional capital boost of as much as 1 billion euros from the government, according to Finance Minister Janez Sustersic………………………………………..Full Article: Source


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