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01/12/2017
 

BETTER FINANCE feedback on the supervisory architecture of CCPs


BETTER FINANCE welcomes the opportunity to comment on the Commission’s proposed regulation as regards the procedures and authorities involved for the authorization of CCPs (central counter parties) and requirements for the recognition of third-country CCPs. BETTER FINANCE supports the main elements of this proposal introducing a more pan-European approach to the supervision of EU and third countries CCPs which would enhance the oversight of the Union and third countries CCPs, lead to further supervisory convergence, to stronger and more effective cooperation between the supervisors, and to foster financial stability and competition.

Categories: positions
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
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, Financial Markest Infrastructure
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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, Investment
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
16/11/2017
 

BETTER FINANCE response targeted consultation Injunctions.Collective Redress Targeted questionnaire on the revision of the Injunctions Directive


BETTER FINANCE's response to the Targeted Questionnaire on the Revision of the Injunctions Directive

Categories: positions, Consumer Affairs
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