The Central Bank of Ireland (CBI) is understood to be considering a more accommodative stance for governing exchange-traded funds (ETFs) in certain areas, in efforts that could see Ireland consolidate its position as the dominant European domicile in this rapidly-growing market and boost the popularity of active ETFs in particular.
In 2017, the regulator issued a discussion paper on the ETF market, which it expects to grow from €287bn in 2017 to as large as €720bn in Ireland by 2021, and consulted with the industry on potential new regulations concerning primary and secondary trading arrangements, risks inherent in the vehicles' structure and leverage. However, Investment Week understands the CBI will now allow the International Organisation of Securities Commissions (IOSCO) to take the lead in developing a more global approach to regulating market risks associated with the ETF market, which currently lacks any uni...
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