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Archive » March 2014 » European ETFs: Risks, tracking error and new regulation

European ETFs: Risks, tracking error and new regulation

Marco Elia
March 2014
Jel codes: G15, G23

Recent developments in the traditional and synthetic Exchange-Traded Funds industry in Europe gave rise to new risks and represent a serious threat to the stability of the financial system. Derivative products reduced simplicity and transparency, the two traditional flagship qualities of Etfs. Therefore, in December 2012, the European Securities and Markets Authority (Esma) published new guidelines, which included increased disclosure to investors

 

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