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The ECB had warned on ETF liquidity risks
Regulators should implement a "classification system" to distinguish between ETFs and other ETPs rather than focusing on "misplaced" fears over liquidity and counterparty risks, an industry body has claimed.
The European Fund and Asset Management Association (EFAMA) said investors require "a clearer distinction" between exchange-traded funds (ETFs) - which, in Europe, it said, are "essentially UCITS-licensed...
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