Interview: Dutch regulator on leveraged ETF review
Following its clampdown on leveraged ETFs in 2013, Dutch regulator Autoriteit Financiële Markten is launching a second review of the sector. Barbara Antonides and Kris Marx, both senior supervision officers at the AFM, explain why the product is a particular focus
The Netherlands is home to a turbo-charged structured products market – and in more ways than one. Exchange turnover is almost exclusively in leveraged products, known as turbos, with €2.3 billion ($2.4 billion) recorded in the second quarter of this year according to data gathered by the European Structured Investments Products Association. In that quarter the market also registered 8,274 new listings of leverage products – almost as much as Italy, Austria and Sweden combined.
This rush for
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