US vs. European ETF Regulation Explained | Riemer & Doyle, K&L Gates

Special Live From Exchange ETF SeriesIn this live and in-person episode of "Behind the Ticker," host Brad Roth welcomes Keri Riemer and Hazel Doyle to explore the evolving landscape of Exchange Traded Funds (ETFs) from both a U.S. and European perspective. This engaging conversation offers a deep dive into the intricacies of ETFs, their legal frameworks, and the burgeoning growth within the industry.Keri Riemer, with a rich background in corporate law, asset management, and regulatory roles, including a stint at the SEC, shares her journey into the world of ETFs. She emphasizes the importance of detail-oriented and hardworking attributes that propelled her into a successful career in asset management and ETFs. Keri’s current role at K&L Gates allows her to leverage her comprehensive experience to assist clients in navigating the complex regulations governing ETFs, particularly under the Investment Company Act of 1940.Hazel Doyle, representing the K&L Gates Dublin office, brings a unique path to the legal world, from paralegal to a specialist in funds, including ETFs. Her Irish and geography background, coupled with hands-on experience in the funds industry, underscores the diverse skills and knowledge required in the evolving ETF space. Hazel highlights the growth of ETFs in Europe, noting the differences in regulatory environments and market trends compared to the U.S., with a particular emphasis on ESG investing, thematic ETFs, and the challenges and opportunities of cross-border distribution.The discussion provides valuable insights into what it takes to launch and manage ETFs, the role of attorneys in the ETF industry, and the legal and operational complexities involved. Both guests underscore the importance of innovation, patience, and thorough preparation in achieving success in the competitive ETF market. They also discuss the challenges and considerations for U.S. issuers looking to enter the European ETF market, including regulatory compliance, distribution strategies, and the need for a robust understanding of investor preferences and market dynamics.Listeners gain a comprehensive overview of the ETF landscape, including the growth drivers, the impact of regulatory frameworks in different jurisdictions, and practical advice for those considering launching or investing in ETFs. Keri and Hazel's expertise and experiences provide a rich resource for understanding the challenges and opportunities within the global ETF market.Get Brad's daily market research: Subscribe to The Signal at thorft.com/newsletterMore episodes: thorft.com/podcast