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28 Jan 2008
The Singapore Government Investment Corporation, which has taken high-profile stakes in UBS and Citigroup, is promising greater disclosure about its activities.
GIC, which is thought to manage hundreds of billions of dollars in funds, recently injected $16bn (£8bn) in UBS and Citigroup.
'We have already decided that the circumstances have changed. The right thing to do is to move to a path of more disclosure,' deputy chairman of GIC Tony Tan said in an interview with the Financial Times.
'The greatest danger if this is not addressed directly, then some form of financial protectionism will arise and barriers will be raised to hinder the flow of funds.'
Sovereign wealth funds have burst onto the scene in recent months, pumping liquidity into banks struck down by the sub-prime mortgage meltdown.
Tan refused to be drawn on the details of what transparency the fund was looking to improve.
Further reading:
Read the FT interview: Singapore fund pledges greater transparency
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