FASB : Reining In ETFs - Equities Funds.

First we have countries in danger of defaulting their sovereign loan.
Secondly, banks ratings got cut by S&P and Moody's
Thirdly, OECD urge banks to raise interest rates.
Fourthly, IASB in accord with Basel III wants to raise bank's capital ratio
Fifthly, Hedge Funds to be looked into for transparency.
And now,
Sixthly, FSB, financial stability board wants to regulate ETFs.

All of a sudden there is this craze in controlling risk.
All these cannot spell good for the Equities market.

http://blogs.reuters.com/financial-regulatory-forum/2011/05/25/global-regulators-raise-fears-over-exchange-traded-funds/