Tilman Lueder, head of securities at the European Commission, has poured cold water on the near-term potential of a consolidated tape for ETFs in Europe by arguing the need to introduce one for equities and bonds first.

Speaking at ETF Ecosystem Unwrapped 2022, Lueder told ETF Stream it is more “prudent” for the regulator to first address liquidity and fragmentation issues in the underlying securities before focusing on a consolidated tape for ETFs.

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