Sign up for our newsletter

Date
 
Description
 
Author
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, Corporate Governance
Get document »
 
BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
01/12/2017
 

BETTER FINANCE on crowdfunding and peer to peer lending


BETTER FINANCE welcomes the initiative from the European Commission to consult stakeholders on a legislative proposal for an EU framework on crowd and peer to peer finance. BETTER FINANCE already raised the issue that only a limited number of the larger SMEs are likely to benefit from Capital Markets Union. As part of the 2015 CMU action plan, this initiative would broaden the access to finance for SMEs. Crowdfunding and peer to peer lending would thus represent an alternative source of financing for small SMEs.

Categories: positions, Consumer Affairs
Get document »
 
BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
01/12/2017
 

Feedback on the revision of the Injunctions Directive


BETTER FINANCE (BF) welcomes the opportunity to comment on the Inception Impact Assessment on the revision of the Injunctions Directive. The right to claim compensation and the right to access to justice should not remain theoretical for consumers and investors. It is especially important in the area of financial services where quite technical and complex financial products have a serious impact on the quality of life of active and retired citizens and where due to the lack of an effective redress mechanism many consumers are unable to exercise their rights.

Categories: positions, Securities Law
Get document »
 
BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
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
Get document »
 
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
Get document »
 
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
Get document »
 
BETTER FINANCE
BETTER FINANCE
 
 
 
 
 

Spotlight

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

 

 

 

Events