Amy Starr, chief of the office of capital markets trends at the US Securities and Exchange Commission (SEC), has said her office is looking into exchange-traded notes (ETNs) and whether banks are adequately disclosing costs and fees around the products, as well as the formulas that determine when and how much they pay out.
Speaking at a Structured Products conference in Washington, DC on December 10, Starr suggested banks may need to enhance their disclosure about the features and risks of ETNs,
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