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Rating:Foreign Regulators Tussle with Barclays Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 11, 2009

Foreign Regulators Tussle with Barclays

News summary by MFWire's editors

Readers interested in the niche world of exchange-traded notes may want to take a look at the Friday "Fund Track" column. The Wall Street Journal's Ian Salisbury reports on the woes of the iPAth MSCI India Index ETN, which Barclays had to stop issuing new shares of in the wake of a move by Indian regulators.

Unlike iShares, the ETN business stayed with Barclays instead of going to BlackRock with the rest of Barclays Global Investors.

Specifically, regulators in the giant South Asian democracy banned the ETN "from trading offshore derivatives." 

Edited by: Neil Anderson, Managing Editor


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