The resource you're requesting could not be located (404).

Note: As of early january 2019, BETTERFINANCE has a new website, and it seems the content you are trying to access has been moved or its address has been updated.
Here below is a list of what we think might be related to the content you're interested in.
38 search results

The document serves as BETTER FINANCE response to selected questions of ESMA’s discussion paper on the implications of digitalisation for investor protection under MiFID II. The document “Discussion Paper on MiFID II investor protection topics linked to digitalisation” provided by the European Securities and Markets Authority (ESMA) focuses on various aspects of digitalisation in the

ESMA Consultation Paper Guidelines on certain aspects of the MiFID II suitability requirements. BETTER FINANCE highlights that the new concepts introduced by the recent regulatory amendments may be difficult to understand by individual, non-professional investors, creating the risk for them to avoid making a decision or making a wrong decision. In this sense, we suggest

More than a year after the entry into force of the revised Markets in Financial Instruments Directive (MiFID II) and of the Regulation on Key Information Document for Packaged Retail and Insurance-based Investment Products (PRIIPs KID), BETTER FINANCE sought the views and experience of its member associations and their individual members on the effectiveness of

BETTER FINANCE welcomes the initiative of ESMA to clarify certain aspects related to the application of the MiFID II provisions on the appropriateness test and requirements for execution-only services. In addition, BETTER FINANCE commends ESMA on adapting the Guidelines on suitability assessment for the appropriateness test as the two procedures are, to a certain extent,

We welcome the EC’s initiative to alleviate some regulatory requirements enabling EU capital markets’ potential to boost recovery from the COVID-19 induced economic downturn. However, we wish to warn about the long-term detrimental effects that several provisions and amendments will have on “retail” investor protection if done in “haste” and without proper scrutiny and attention

Summary: General comment The review of the MiFID II framework is timely and should be coordinated with the other ongoing actions and policy areas, i.e. PRIIPs and the work done in the Forum on the Future of the Capital Markets Union. In addition, to ensure a level playing field, the European Commission should also adopt

BETTER FINANCE welcomes this timely assessment and evidence gathering on the application of the new MiFID II rules on disclosure for inducements and costs. However, it is very unfortunate that, in a field that is crucial to investor protection and designed to enhance consumer experience and trust in financial services, the majority of questions are

BETTER FINANCE continues to express deep concern about the unwanted “side-effects” of the MiFID 2 regulatory framework on “lit” equity trading in the EU. Below is the summary response to the ESMA Public Consultation on the review of the MiFID 2 and MiFIR transparency regime for equity and equity-like instruments, the double volume cap mechanism

The European Commission is probing the effectiveness of the product governance rules introduced to the industry in 2018 in its latest consultation on the Markets in Financial Instruments Directive (Mifid). […] In a 94-page consultation document, published yesterday (February 26), the commission stated there was some debate over the efficiency of product requirements and asked participants

During a vote in the European Parliament’s committee on economic affairs on a proposed quick fix to the so-called Markets in Financial Instruments Directive (MiFID), the centre-left S&D party abstained.  With this proposal, the European Commission aimed to make some amendments to the MiFID regime, in order to address the impact of the Covid-19 crisis

The newly applicable provisions of MiFID II on reporting duties also concern financial transactions of Exchange-Traded Funds (ETFs). Considering that the majority of initial ETF trading (primary dealing or creation) takes place directly between market makers (such as credit institutions – buyers) and authorised participants (distributors), the upstream market for ETFs is made through over-the-counter

On February 19, ESMA held a hearing on its  MiFID II / MiFIR Consultation. Guillaume Prache, Managing Director at BETTER FINANCE, attended the meeting and took the opportunity to ask if the new technical standards proposed by ESMA would help ending this investor detriment. ESMA replied that indeed in the future data collected from the SIs together with

Following ESMA hearing on its MiFID II and MiFIR Consultation on February 19 in Paris, BETTER FINANCE expresses its concerns regarding the treatment individual investors face by “dark” capital market “venues”. Please find out more here.

KBC Against Small Savers? The CEO of the Belgian bank, KBC, has expressed criticism regarding the tax advantage granted to one-year government bonds. However, a more pressing concern lies in understanding why KBC, along with the majority of Belgian banks, offers less than 1% interest on savings for small one-year savers while being able to

The exposure of retail investors to crypto-assets has increased globally, leading to greater retail investor losses due to financial crime, fraud, money laundering, and under-regulated activities in the crypto-asset market. To address these challenges, BETTER FINANCE welcomes the policy recommendations for crypto and digital asset markets proposed by IOSCO. These recommendations aim to ensure a

BETTER FINANCE, the European Federation of Investors and Financial Services Users, welcomed the European Commission’s launch of a Retail Investor Strategy in September 2020, as a once in a lifetime opportunity to create a capital markets Union that works for people. Nevertheless, the legislative proposal, despite incorporating certain positive advancements, falls short of fulfilling several

BETTER FINANCE calls for restricting “dark” capital market venues to REAL Large-in-scale (LIS) trades, i.e., of more than €100k each, to really prevent them from dealing with “retail” orders. Current Payment for Order Flow (PFOF) proposals “surreal” and don’t respond to citizens’ questions. A real-time pre-trade Consolidated Tape (CT) of equity order books will put

10 February 2023 | As EU policymakers continue their negotiations on the MiFIR review, BETTER FINANCE is increasingly alarmed that the regulation could severely hurt retail investors, by putting in place a market structure further benefitting dark Systematic Internalisers (SIs). Ignoring the previous plea from BETTER FINANCE and going against the interests of retail investors,

On Wednesday 14 December, the United Securities and Exchange Commission (SEC) proposed Regulation Best Execution, seeking to establish a best execution regulatory framework mandating that securities brokers and dealers execute deals at the best price available. BETTER FINANCE, which itself has been highlighting the need for more transparent and fair European stock markets, applauds the

In a Financial Times article on the 24th of April 2023, BETTER FINANCE commented on the rise of self-directed investment and ETF savings plans in the EU. Neobrokers like Trade Republic, Scalable Capital, and Bux are driving the adoption of ETFs by European investors, offering lower costs, improved accessibility, and attracting new participants. BlackRock estimates

Dans le cadre du partenariat avec la F2iC, OPCVM360 met à votre disposition son service de recherche d’information sur les fonds et les ETF (trackers) disponibles en Europe.

For years, European investors have paid higher fees and have found it more difficult to access low-cost, passively managed products than US investors. Traditional sales and distribution channels are partly responsible for the huge disparity in retail take-up between Europe and the US, where half of the ETF market is retail, compared to only 10%

Monika Dutt, director of European passive strategies research at Morningstar said: “We spend so much time talking about ESG in Europe, but the system hinders investor outcomes,” ETFs are seen by many industry observers as an ideal retail product, not only because they typically charge lower fees than their mutual fund counterparts, but also because

European ETFs closed the fourth quarter of 2020 by passing the €1 trillion milestone, with ESG-focused funds drawing the lion’s share of net inflows. Jose Garcia-Zarate, associate director of passive strategies research, explained: “This is a major milestone for an industry that is only two decades old in Europe and will surely make plenty of

J.P. Morgan Chase is launching a digital investing service called “You Invest Portfolios”. For an annual fee of 0.35% of assets, or 35 basis points, J.P. Morgan will put users into an investment portfolio made up of the bank’s exchange traded funds, or ETFs. While the fee is in line with its rivals, by waiving

WordPress › Error

There has been a critical error on this website.

Learn more about troubleshooting WordPress.