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Your subscription was successful. Enjoy your BETTER FINANCE content! Sincerely, The BETTER FINANCE Team Browse our latest Press Releases Delve into our latest Research Reports Consult our Policy Positions and Consultations Peruse our Newsletters' Archive Check our News coverage and articles Check out our Newsletter page (read and/or subscribe)

Update your privacy preferences Privacy and cookie policy Last modification : March 29, 2024 Whereas The purpose of this privacy and cookies policy is to inform visitors of the “BetterFinance” website (PC and mobile version) of the processing of their personal data that are being carried out via the Website. Personal data (“data”) is all

As previously covered by BETTER FINANCE, shareholder activism is experiencing a new spring. As opposed to the aggressive nature of their forefathers, today`s activists put faith in cooperation and dialogue rather than conflict and public battles. While activist investors have traditionally been larger Wall Street heavyweights, it seems that this new emerging era of activism

The EC announced their nomination of Mr Boštjan Jazbec as a member to the Single Resolution Board (SRB) in a press release on Wednesday 14th of February. Though Mr Jazbec has proven experience with monetary policy issues, for instance as the Governor of the Bank of Slovenia, critics cite his involvement in the Slovenian “institutional

As discussed in January, the new legislative package tackling Markets in Financial Instruments (MiFID II/ MiFIR and the delegated acts) changed the landscape with view on the Capital Markets Union. While few CMU participants are fully in line with the new regulatory prerequisites, others struggle to comply and manage the additional costs ‘running to the

The negotiations on the future treaty between the EU and UK met with a proposal from the City of London, Europe’s financial sector capital, to ‘allow cross-border trade in financial services’. The negotiation team lead by Michel Barnier on the EU-side refused this proposal, which adds further turmoil to the City as many corporations have

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 the day it becomes directly applicable, the long-awaited revised Markets in Financial Instruments Directive (MiFID II) gives birth to a new and healthier environment for financial services and instruments across the Single Market. Although only 11 out of 28 Member States have implemented the Directive so far, the past two years have been a

The lack of collective redress in Europe remains an issue for the European finance industry, especially from the perspective of investors and shareholders (see BETTER FINANCE paper here). Given that procedural law falls under the exclusive competence of Member States (still), there is no harmonising legislation fostering cross-border class-action lawsuits in Europe. As became apparent

Characterised by low interest rates for credit and low yields for debt instruments, the past year as well as 2016 were not very fruitful for institutional investors (especially insurers and credit institutions), reason for which professionals who offer financial products have been searching for financial assets with higher returns (see article here). A recent study

17 November 2022 – The struggle against conflicts of interests and to deliver an adequate, high level of “retail” investor protection now hinges on the positions of representatives of the EU Member States (Council of the EU). BETTER FINANCE firmly advises the co-legislator not to hamper EU progress and to support the proposal to ban

BETTER FINANCE answer to the European Commission’s consultation to gather evidence for the PSD2 review and to inform its work on open finance. In the light of this informative consultation on open, BETTER FINANCE advocates that consumer data should not be retained beyond what is strictly necessary to provide the service and should then be

Savers and individual investors are one of the most vulnerable groups of consumers due to the nature of financial markets, the limited financial literacy of households and the growing complexity of investment services and products. When breaches of consumer rights occur in this sector, losses are high and usually difficult to compensate. BETTER FINANCE’s research

In the 2017 EC Consumer Finance Action Plan, the Commission undertook to monitor the distance selling market of retail financial services in order to identify the potential consumer risks and business opportunities in this market and, on that basis, decide on the need to amend distance-selling requirements. In this context, a behavioural study was conducted:

BETTER FINANCE welcomes the reform of the European System of Financial Supervision, helping the European Banking Authority (EBA), the European Insurance and Occupational Pension Authority (EIOPA), and the European Markets and Securities Authority (ESMA) to enhance their capacity to take consumer protection of EU Citizens as Savers and Investors seriously.

BETTER FINANCE is pleased to announce that, also in 2021, it is well-positioned to remain the leader in providing high-level user-side experts to EU and International expert advisory groups in policy and regulatory matters impacting individual, non-professional users of financial services. At the European level, BETTER FINANCE is pleased to announce that Desislav Danov from

BETTER FINANCE is happy to announce that The European Banking Authority’s Banking Stakeholder Group (BSG) selected one of its previous vice-chairs, Alin Iacob, to join the BSG again. Alin Iacob is the Chairman of the Association of Romanian Financial Services Users (AURSF). AURSF has been a member of BETTER FINANCE, the European Federation of Investors

Brussels, 20 July 2020 – The new composition of the European Supervisory Authorities’ (ESAs) “Stakeholder Groups” is a step backwards with regard to a balanced representation between industry and consumers in EU financial rulemaking. This is the result of the recent ESAs reform, which reduced the quotas for consumers and academics in favour of financial

BETTER FINANCE asks EU Politicians about their Key Priorities for the Next Five Years Press Release – Next May nearly 450 million Europeans across the EU will be called to vote in the European parliamentary elections. The European Union faces many challenges on multiple fronts and it’s important to ensure that European savers and investors

For too long now individual investors and savers have been gradually crowded out of equity markets and pushed into frequently under-performing packaged products. To ensure long-term growth it will be crucial to rehabilitate equity investment across the board and ensure a level playing field for all market participants. If the CMU can help reconnect those

For too long now individual investors and savers have been gradually crowded out of equity markets and pushed into frequently under-performing packaged products. To ensure long-term growth it will be crucial to rehabilitate equity investment across the board and ensure a level playing field for all market participants. If the CMU can help reconnect those

On Tuesday 10th of July, the European Parliament co-rapporteurs published a disappointing draft report on the review of the European System of Financial Supervision : not only lacking any ambitious changes on the much needed reform of the governance model and funding of the European Supervisory Authorities (ESAs – EBA, ESMA and EIOPA), but even

Many financial services providers already operate across borders in different Member States. Like for other sectors, the case for EU-wide collective redress for financial services is clear and in the interest of EU citizens as retail investors and pension savers. Over the years there have been numerous mis-selling scandals in the financial services industry that

Earlier this year BETTER FINANCE called on policy makers to put an end to financial abuses by ensuring better public enforcement of conduct of business rules and introducing an EU-wide framework for Collective Redress in order to facilitate effective private enforcement. Now the European Commissioner for Justice and Consumer Affairs is calling for an EU-wide

20 September 2017 – The European Commission (EC) announced its proposal to improve the supervision of European financial services as well as its revision of the European Supervisory Authorities (ESAs) today. BETTER FINANCE welcomes the proposal to have permanent members on the Boards of Supervisors of the ESAS as an improvement to their governance. However,