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01/12/2017
 

BETTER FINANCE response to the public consultation on transparency and fees in cross-border transactions in the EU


The Regulation on cross-border payments equalised fees for cross-border and national payments in euro within the EU. However, payments involving currencies of EU Member States other than the euro are not covered by the Regulation, unless Member States extended the regulation to their national currency on a voluntary basis. The Regulation gives the option to Member States to equalise fees for cross-border transfers in the local currency and corresponding domestic transfers. So far, only Sweden chose to opt in and align these fees with euro transactions. In all other Member States, fees for cross-border transactions in non-euro currency remain very high, and well above the level of fees for purely national transactions in non-euro currencies. In particular, high minimum fees can make small transactions very expensive.

Categories: positions
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
01/12/2017
 

BETTER FINANCE’s response to the Discussion paper on the EBA’s approach to financial technology (FinTech)


BETTER FINANCE agrees with EBA’s suggestion to investigate these different regulatory treatments applied to FinTech firms who are offering similar financial services in Europe. It would in fact be interesting to investigate the approaches of the monitoring of the FinTech sector in order to ensure that risks are appropriately identified and addressed.

Categories: positions
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
01/12/2017
 

Feedback on EC Roadmap on Fitness Check of supervisory reporting requirements


The EC’s goal to assess whether the supervisory reporting requirements are “fit for purpose” appears to be a good initiative. However, BETTER FINANCE would like to stress that reducing the burden of supervisory reporting requirements should not happen at the expense of financial services users and individual investors.

Categories: positions
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
28/11/2017
 

BETTER FINANCE and Finance Watch comment on the final report of the European Commission’s Expert Group on Corporate Bonds


The European Commission’s Expert Group on Corporate Bonds issued its final report on improving European corporate bond markets. "Liquid, transparent and accessible corporate bonds markets in Europe would benefit both real economy entreprises and individual investors as a performing alternative to fee-laden packaged retail bond products such as retail bond funds. BETTER FINANCE regrets that the group's proposals do not really address retail access and transparency."

Categories: positions
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
24/11/2017
 

Proposal for the EU financial supervisory reform


Last September the European Commission published its proposal for the review of the European Supervisory Authorities (EBA, ESMA and EIOPA – ESAs). The aim is to reform the ESAs’ mandate, governance and funding to underpin the Capital Markets Union, the EU’s flagship project in the area of investments. As the major EU public interest organisations working on financial services, we want to stress we are extremely disappointed with this proposal.

Categories: open_letters
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
30/10/2017
 

Equity Financing of the EU Economy - How to get EU citizens as investors back into Capital Markets


On 22 November, BETTER FINANCE, the European Investment Bank and the Federation of European Securities Exchanges teamed up for the International Conference on the ‘Equity Financing of the EU Economy’. A full room was addressed by prominent speakers representing the European Parliament and Commission, Permanent Representations to the EU, European Supervisory Authorities and consumer and trade associations.

Categories: press_releases
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 

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The latest edition of our report on Pension Savings is now available for download!

 

 

 

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