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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, Investment
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
30/10/2017
 

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


BETTER FINANCE responds to the European Commission's (DG FISMA) Public consultation on transparency and fees in cross-border transactions in the EU. The first action of the Consumer Financial Services Action Plan proposes to amend the Regulation on cross-border payments to reduce charges for cross-border transactions in all Member States.

Categories: positions, Investment
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
24/10/2017
 

BETTER FINANCE reply to the EC Consultation on a potential EU personal pension framework


Traditionally, in most EU Member States, people count on the state-based pension. Only in big companies occupational pension schemes are accepted more broadly if not compulsory. In many Members States, personal pension products are little used because of complexity, high fees, not transparent contract clauses and recently the low interest rate phase, which reduces the possible reward even more. Employees in the unfortunately growing low wage sector simply do not have funds for additional savings.

Categories: positions, Pensions
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
18/10/2017
 

BETTER FINANCE reply to the ESMA PUBLIC CONSULTATION - Guidelines on certain aspects of the MiFID II Suitability Requirements


BETTER FINANCE welcomes the suggested approach adopted by ESMA in the drafting of the guidelines on certain aspects of MiFID II regarding the information and the suitability assessment of products offered to investors. BETTER FINANCE has, however, several comments on the proposed guidelines.

Categories: Financial Markest Infrastructure
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 

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