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28.04.2017 13:02 Age: 206 days
Category: Press Releases

PUTTING AN END TO FINANCIAL ABUSE - BETTER FINANCE CALLS FOR BETTER ENFORCEMENT AND EU-WIDE COLLECTIVE REDRESS


Almost ten years have passed since the beginning of the financial crisis and individual investors and consumers in the EU are still far too often suffering from unscrupulous issuers and providers of financial services, including:

  • The Foreign Exchange scandal,
  • Volkswagen’s Dieselgate,hurting investors as well as car owners,
  • Retail clients / investors in bailed-out or bailed-in banks such as Natixis, Bankia, Fortis, Dexia and the leading Slovenian banks,
  • Pension scheme participants such as the 450.000 trapped in the CREF (now COREM),
  • And the not-so-variable-rate mortgage loans in Spain, etc.

No wonder then that retail financial services are still ranked as the worst consumer markets in the entire European Union according to the European Commission’s Consumer Scoreboard. 

On the 2nd of May 2017, Better Finance will hold a Conference on " Enforcement: Towards a coherent European for financial Services Users". 

Join the European Director General of Justice and Consumers, the chief executives of the European Supervisory Authorities and other stakeholders at the Better Finance Conference to take on mis-selling practices and join the enforcement debate.

Read the full Press Release here 


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