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Date
 
Description
 
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21/08/2017
 

Position on the Delegated Act on product oversight and governance requirements for insurance undertakings and insurance distributors


Our organization fully defends that this draft Delegated Act would be the cornerstone to establish the main obligations for insurance manufacturers and insurance distributors regarding the product approval process, the target markets, the product testing, the monitoring and review, and the information obligations between manufacturers and distributors. These innovations are fundamental to ensure improvements in terms of consumer protection and retail investor involvement in insurance markets.

Categories: positions, Corporate Governance
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
19/07/2017
 

Delegated Regulation with respect to systemic internaliser defint


BETTER FINANCE supports the idea of moving trading from OTC markets to regulated trading venues, and of the differentiation between bilateral and multilateral trading activities in order to protect the price formation process on transparent regulated venues and be able to have a real level playing field.

Categories: positions, Financial Markest Infrastructure
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BETTER FINANCE
 
 
 
 
 
14/07/2017
 

Sustainable finance products must fully comply with consumer protection rules and really create “long-term and sustainable value”


EU citizens as savers are by nature mostly long-term driven since 67% of their total assets are deployed in long-term investments1 (versus only 37% for pension funds - despite their purely long-term horizon - and 11% for insurers) and their main saving goals are long-term: retirement, housing, children’s studies, transmission of wealth, etc. For these reasons EU citizens as savers have a great need for “sustainable finance” products.

Categories: positions, Corporate Governance
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
19/06/2017
 

Fin Tech A more competitive and innovative European financial sector


BETTER FINANCE welcomes the initiative from the European Commission on its consultation on FinTech. Our organization believes that indeed Fintech could make financial services more effective, more competitive and easier to use, and therefore benefit savers, individual investors and other financial services users. We write “could” as there are conditions for Fintech developments to translate into benefits for EU consumers, and also because a more definitive assessment would require a high level of knowledge and understanding of the newest digital technologies such as DLT, AI, etc. that we do not possess as an NGO with limited resources.

Categories: positions, Consumer Affairs
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
18/05/2017
 

PP - Response CONSULTATION ON THE OPERATIONS OF THE EUROPEAN SUPERVISORY AUTHORITIES 160517


Better Finance has been and is the most involved user-side NGO with the ESAs’ work, with up to 20 expert members in the ESAs stakeholder groups, vice chairing three of them (EBA, ESMA and EIOPA Insurance) and having chaired the first ESMA one. It is happy to share this six-year experience with regard to the questions raised by the European Commission on the operations of the ESAs.

Categories: positions
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Better Finance
Better Finance
 
 
 
 
 
03/05/2017
 

Better Finance reply to EIOPA Consultation on Guidelines for IDD


BETTER FINANCE REPLY TO THE CONSULTATION PAPER ON THE PROPOSAL FOR GUIDELINES UNDER THE INSURANCE DISTRIBUTION DIRECTIVE ON INSURANCE-BASED INVESTMENT PRODUCTS THAT INCORPORATE A STRUCTURE WHICH MAKES IT DIFFICULT FOR THE CUSTOMER TO UNDERSTAND THE RISKS INVOLVED

Categories: positions, Insurance
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Better Finance
Better Finance
 
 
 
 
 

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