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30/01/2018
 

BETTER FINANCE response to the EC public consultation on institutional investors and asset managers' duties regarding sustainability


As part of the Paris agreement, the EU has taken ambitious steps for the transition to a sustainable European economy. BETTER FINANCE supports the integration of sustainability into the mandate of the European Supervisory Authorities (ESAs) in order to put pressure on the financial sector to address these issues. To this end, institutional investors and asset managers should therefore also consider sustainability factors in their investment decision-making such as environment, climate, social and governance factors but should also provide long term investment products. As underlined by the High-Level Expert Group on Sustainable finance, there is a “need to incorporate long-term and sustainable value creation… the financial industry and EU regulators must adjust their goals, metrics and disclosure requirements to the mostly long-term horizon of EU savers and investors”.

Categories: positions
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
30/01/2018
 

BETTER FINANCE feedback on the review by the ESAs of Solvency II


BF agrees that divergence in the supervision and approval of internal models for Solvency Capital Requirement (SCR) leads to inconsistencies and can create both an uneven level playing field for market participants, and an inconsistent protection of EU citizens as insured persons. Actually, BETTER FINANCE believes that the use of “internal models” is an advantage given to the larger insurance institutions over smaller ones, and even more importantly is a barrier to a fair, clear and not misleading information to the customers, as it is almost impossible for them to evaluate those “internal models”.

Categories: positions
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
30/01/2018
 

BETTER FINANCE feedback on the EBA Relocation Proposal


BETTER FINANCE welcomes this opportunity to comment on the relocation of the European Banking Authority (EBA). Following the United Kingdom’s decision to leave the European Union by 30th March 2019, the General Affairs Council selected Paris as the new seat for the EBA. Currently, the EBA is almost entirely focused on regulatory issues, not on supervisory ones. Of further concern to EU citizens as users of banking services, the EBA has not been very active active in terms of retail user protection.

Categories: positions
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
12/01/2018
 

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
 
 
 
 
 
20/12/2017
 

Request to the European Supervisory Authorities to report on the cost and past performance of the main categories of retail investment, insurance and pension products


Guillaume Prache, Managing director of BETTER FINANCE, was asked by EIOPA to contribute to the discussion on the request for the European Supervisory Authorities to report on the cost and past performance of the main categories of retail investment, insurance and pension products. He was the rapporteur of the recently adopted OPSG (EIOPA Occupational Pensions Stakeholder Group) position paper on this topic.

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

Impact Assessment - Institutional Investors and asset managers duties regarding sustainability


In order to effectively contribute to the strengthening of the Capital Markets Union, BETTER FINANCE believes that sustainable investment products require binding standards ensuring the trust of EU citizens in sustainable retail investment products and positive returns.

Categories: positions
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 

Spotlight

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

 

 

 

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Tuesday, 10. April 2018
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