Is the Barclays ETN fiasco a “create-to-lend” story?
Short answer I don’t know. But it’s worth considering. As it stands Barclays’ ETN losses are being talked about all over the shop. Bloomberg‘s Matt Levine suspects they’re down to a clerical error by a mid-level securities lawyer who forgot to tick a box in a regulatory filing. Others like new Alphaville editor Robin Wigglesworth […]