ETF players plan association to counter regulatory concerns

Lyxor and Deutsche Bank invite other European ETF providers to join a conference call next week to discuss the setting up of a new industry body

Europe's exchange-traded fund (ETF) providers are considering setting up an industry association to fight back against regulatory claims that the product poses a threat to systemic risk.

Lyxor, an asset management firm owned by Société Générale, and Deutsche Bank have sent a joint email to other European ETF providers inviting them to take part in a conference call next week to discuss the issue. This follows three recent reports from the International Monetary Fund, the Bank for International