23.01.2013 - Push for UAE investment by sovereign wealth funds
The Financial Services Association wants to encourage the UAE's vast sovereign wealth funds to invest in local bourses to boost market liquidity and help develop a domestic industry for expatriate pensions. The industry group is also hoping to engage with the Central Bank and the Securities and Commodities Authority (SCA) as they conduct wholesale reform of financial regulation. The FSA, which first found its voice as a means of uniting industry opinion during the outcry over the SCA's regulation of mutual funds last year, is now seeking to actively influence policy decisions and promote the health of the market, said Arwa Hamdieh, the association's co-founder...............................................Full Article: Source
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