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13/08/2012
 

Advice on the Fundamental Review of the Financial Conglomerates Directive


We would like to answer specifically to the following questions raised by ESMA: What should be the parameter of supervision, where a financial conglomerate is supervised on a group wide basis? Should Institutions for Occupational Retirement Provision (IORPs) be included as part of a financial conglomerate? We support the First Recommendation of the European Supervisory Authorities to the Call for Advice from the European Commission regarding the inclusion of the Institutions for Occupational Retirement Provision (IORPs) into the scope of the Financial Conglomerates Directive.

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EuroFinuse
 
 
 
 
 
03/08/2012
 

EuroFinUse Position on The Reform of the Audit Market


We believe that the current economic damages endured by shareholders of European listed banks with good audit reports challenges the proper functioning of the audit markets in Europe. This would have profound implications for both the European financial industry and any kind of audited company in Europe. Therefore, we generally support the initial Proposal for Regulation of the Audit Market from the European Commission.

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EuroFinUse
 
 
 
 
 
18/07/2012
 

Assessing the Suitability of Members of the Management Body and Key Function Holders of a Credit Institution


We believe that the appropriate selection of the members of management boards as one of the key principles of corporate governance. This issue has profound implications for shareholders, consumers, and taxpayers as well as the stability of the European financial system. Bailed out banks were in most cases directly linked to the bad governance of their management boards.

Categories: positions
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EuroFinuse
 
 
 
 
 

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