Adair Turner on the Liquidity Risks of ETFs

Turner discusses The Economist’s Society the liquidity risks posed by Exchange Traded Funds.

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Adair Turner was a partner at McKinsey for over a decade, the Vice-Chairman of Merrill Lynch’s European operations, a Non-executive Director for Siemens and Standard Chartered Bank and is now the Chairman of the Institute for New Economic Thinking. This impressive professional career is also met with a strong commitment to public service: Turner was the Chairman of the Financial Services Authority (FSA), one of the largest financial regulatory bodies in the world, he was the Director General of the Confederation of British Industry (CBI) and the Chairman of many government commissions and committees. 

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