View more on these topics

Blackrock endorses calls for tougher rules on ETFs

iShares owner BlackRock has called for tougher regulatory rules for ETFs to make the sector more transparent.

Speaking at the FSA’s asset management conference in London last month, European Commission head of asset management Tilman Lueder warned of the dangers of synthetic ETFs and hinted that Ucits rules may be changed to deal with EC concerns.

ETFs have also been thrown into the spotlight recently after UBS incurred £1.5bn of losses, allegedly through unauthorised trading conducted by Kweku Adoboli in its global synthetic equity business.

In an interview with the Financial Times, Head of iShares in Europe Joseph Linhares says,: “ETFs started out as transparent, liquid, simple, vehicles but some have gone to opacity. We need to get back to full transparency across all the range of ETF products.”  

It is urging the industry to embrace higher hurdles on reporting and says that all trades, including over-the-counter deals which are carried out outside exchanges and which make up about two-thirds of ETF transactions in Europe, should be printed and made public, ideally on a daily basis.



Conservative blog: Osborne needs to do more

Monday 12:44: After Vince Cable’s doom laden speech to the Lib Dems – Osborne offered ’hope’ rather than ’fear in his conference speech. Human endeavour will pull us out of the hole we are in he enthused. There was no change of tone on banker bashing from the Chancellor. ’The banks let down the country,’ […]


Law firm warns new rules will increase advice liability

The FSA is seeking to force financial services firms to provide 100 per cent redress to customers who have suffered losses even if the loss was not caused by the firm’s faulty advice, according to law firm Reynolds Porter Chamberlain. Currently, if a financial services firm breaches FSA rules when providing advice they are only […]

Octopus EIS keeps FIT

Octopus Investments is taking advantage of the final opportunity to invest in solar energy through feed-in tariffs with tax breaks.


Rosengren: I may return to ‘resilient’ advice sector

Retiring Lighthouse joint chief executive Allan Rosengren says financial advisers have a promising future and adds there is every prospect he will return to the sector. Speaking to Money Marketing this week, Rosengren (pictured) says he is stepping down from his role to focus on his private equity, investment and property venture Capitecs, where he […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment