ETFs Need Tougher Collateral and Disclosure Rules, Iosco Says
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Global markets regulators called for tougher oversight of exchange-traded funds, recommending stricter rules on collateral and investor information.
ETFs that track stock markets should publish daily the identities of the securities, they buy and sell, the International Organization of Securities Commissions said in a statement on guidelines published today. The Madrid-based group of global markets regulators said authorities should also ensure ETFs that trade derivatives have enough collateral to manage risks with their counterparties.