Regulators’ concerns that exchange traded funds could present a potential threat to the stability of financial markets have been firmly rejected by Efama, the representative association for the European investment management industry.
In reply to a report criticising the ETF industry published in April by the Financial Stability Board, Efama said the existing Ucits regulatory framework governing ETFs in the European Union already contained “state of the art” risk management policies and procedures.
In reply to a report criticising the ETF industry published in April by the Financial Stability Board, Efama said the existing Ucits regulatory framework governing ETFs in the European Union already contained “state of the art” risk management policies and procedures.
