The explosion in Exchange Traded Funds threatens to make the industry a systemic risk. Regulation has focused too narrowly on the problems of 2008, overlooking the huge growth in new products since then. ETFs were a relatively small part of capital markets during the last crisis, but since then have taken off in complexity and […]
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Systemic Risk in ETFs
The explosion in Exchange Traded Funds threatens to make the industry a systemic risk. Regulation has focused too narrowly on the problems of 2008, overlooking the huge growth in new products since then. ETFs were a relatively small part of capital markets during the last crisis, but since then have taken off in complexity and […]
Continue reading →