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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, Corporate Governance
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EuroFinuse
 
 
 
 
 
25/06/2012
 

Overview of the Proxy Advisory Industry Considerations on Possible Policy Options


Proxy advisers serve mostly institutional investors on a commercial basis but their activities have not yet been regulated at EU level. Thus, the ESMA is considering the possibility to regulate the sector in order to correct possible market failures. EuroFinuse represents millions of individual shareholders who do not have access to the services of commercial proxy advisers, because they cannot afford to pay for these services. It is even more challenging for EU’s individual shareholders in comparison to institutional shareholders, to analyse issuers’ proposed resolutions for their General Meetings, especially for cross-border voting, as resolutions proposed by management have become longer and more complex, and are not always made available in the language of the shareholder.

Categories: positions, Financial Markest Infrastructure
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EuroFinuse
 
 
 
 
 
12/06/2012
 

Green Paper on Shadow Banking


The European Federation of Financial Services Users (EuroFinuse) supports the Financial Services User Group (FSUG) response to the consultation to this consultation, and part of our response is derived from it. We also express concern as to why the extent, importance and influence of shadow banking activities and entities was only realized by regulators, rating agencies and world financial over sight bodies well into the financial crisis by which time irreparable damage had been inflicted on the world economic system, sovereign states, finances and the well being of millions of consumers.

Categories: positions, Banking
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EuroFinuse
 
 
 
 
 
30/05/2012
 

Liikanen Group Consultation on the Banking Union


EuroFinuse firmly believes that the commercial banking activities (i.e. the intermediated funding of the real economy - businesses and households - should be separated as much as possible from all other activities such as securities, currencies and derivatives trading, investment banking, asset management, insurance, etc. that commercial banks have been diversifying into over recent decades.

Categories: positions, Banking
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EuroFinuse
 
 
 
 
 
25/05/2012
 

Gender imbalance in corporate boards in the EU


Self-regulation is not sufficient in our view: the EU has brought about the policy debate on gender diversity in 2010, and called on listed companies in 2011 to voluntary commit to an increase of women’s representation on their boards. To date, there are less than 14% of women at major European companies’ boards according to the EC data. Comparing the European countries which have enacted legislative measures with countries that have not, we find little progress where no legislation or “threat” of legislation has been set. In addition, there is a lack of coherence showing a deep gap between Scandinavian countries and e.g. Germany.

Categories: positions, Corporate Governance
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EuroFinuse
 
 
 
 
 
24/02/2012
 

Joint Equiduct Conference




Categories: positions
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EuroFinuse
 
 
 
 
 

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