Press Releases
- 07/02/12:
Debates on key regulatory topics and presentation of latest EDHEC-Risk Institute research at the EDHEC-Risk Europe Days conference in London, March 27-29, 2012
Debates on the risks and regulation of Exchange-Traded Funds (ETFs) and protection of investors from pension fund and alternative investment risks will be high on the agenda of the EDHEC-Risk Europe Days 2012 conference at The Brewery in London on March 27-29 next. Roundtables involving leading industry representatives and regulators will address the following topics on each morning of the conference: Perceived Risks and Benefits of ETF Investments and Regulators’ Considerations: Towards More Regulation for ETFs?; Pensions at Risk: How to Protect Investors from Pension Fund Risk?; Is the AIFM Directive Really Guaranteeing Better Protection for Investors? The conference will also feature the latest EDHEC-Risk Institute research on a range of topics that are currently relevant for the financial industry.
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- 30/01/12:
EDHEC-Risk Institute welcomes conclusions of ESMA consultation paper on ETFs and UCITS issues
Following the publication on January 30, 2012, of the European Securities and Markets Authority’s (ESMA) consultation paper on ETFs and other UCITS issues (ESMA/2012/44), EDHEC-Risk welcomes the broadened focus of the new ESMA consultation, which approaches important issues in a horizontal way across all UCITS rather than in a vertical way limited to UCITS ETFs; as underlined in its recent contribution, EDHEC-Risk believes that continued adherence to a silo approach would have increased the risks of adverse selection by investors and regulatory arbitrage by issuers.
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- 16/01/12:
New EDHEC-Risk Institute research assesses the true risks of Exchange-Traded Funds (ETFs)
New research at EDHEC-Risk Institute has addressed the question of the true risks of Exchange-Traded Funds (ETFs) in Europe in the light of issues raised by financial regulators and international organisations. According to EDHEC-Risk Institute, any discussion of the risks inherent in ETFs should go beyond merely hypothesising about potential risks, and should also take into account the empirical evidence provided by the existing academic research on ETFs, which has documented various benefits in terms of liquidity and price efficiency.
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- 11/01/12:
EDHEC-Risk Institute Draws the French Government’s Attention to the Inadvisability of Imposing a Tobin Tax in France
In an open letter dated January 10, 2012 addressed to the French Prime Minister, which itself referred to a previous letter addressed to the European Internal Market and Services Commissioner, Michel Barnier, EDHEC-Risk Institute has underlined the difficulties and risks associated with implementing a tax on financial transactions in France. On the basis of a position paper* by Raman Uppal, Professor of Finance at EDHEC Business School, EDHEC-Risk Institute’s recommendations are structured around theoretical evidence on financial transaction taxation, empirical evidence on its effects, as well as the implementation challenges of such a tax.
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