Sign up for our newsletter

Date
 
Description
 
Author
19/03/2013
 

EuroFinUse demands protection of depositors in Cyprus bailout


EuroFinUse praises the Eurogroup statement from late Monday in favor of fully guaranteeing deposits below EUR 100,000. Moreover, we believe bank depositors should not pay for the excesses of the banking industry and or governments. Therefore, depositors should be protected from bearing the bulk of the Cypriot rescue package.

Categories: press_releases
Get document »
 
EuroFinuse
 
 
 
 
 
07/03/2013
 

FTT: The European proposal does not meet its objective - EU citizens are likely to pay instead of banks


EuroFinuse supports the main objective of the European Financial Transaction Tax (FTT), “to ensure that financial institutions make a fair and substantial contribution to covering the costs of the recent crisis”¦and to ring-fence the real economy, SMEs, housholds etc.” But EuroFinuse is very concerned that the latest European Commission proposal does not meet at all this objective, and that - once again - EU citizens are likely to bear the bulk of the FTT in lieu of financial institutions.

Categories: press_releases
Get document »
 

 
 
 
 
 
11/02/2013
 

New measures to ensure MiFID II capital market structures


In view of the most recent European Council Presidency progress report, EuroFinUse - the European Federation of Financial Services Users -identified room for improvement before the final MiFID II text will be agreed on in the “Trialogue” later this year.

Categories: press_releases
Get document »
 
EuroFinuse
 
 
 
 
 
09/01/2013
 

European individual investors support the proposals of the European Parliament Rapporteur on Packaged Retail Investment Products


MEP Pervenche Beres, ECON Committee rapporteur for the PRIPs Regulation has just released her report and amendment proposals for this Regulation proposed by the Commission. The amendments match the main demands put forward by EuroFinuse.

Categories: press_releases
Get document »
 
EuroFinUse
 
 
 
 
 
17/12/2012
 

EuroFinuse supports European Parliament rapporteur on the ban of performance fees for UCITS retail funds managers


EuroFinuse, the European Federation of Financial Services Users, is losely following the debate on the “UCITS V Directive” that is currently focusing on depositories’ liabilities and asset managers’ remuneration.

Categories: press_releases
Get document »
 
EuroFinuse
 
 
 
 
 
26/09/2012
 

MiFID


According to the final text, inducements can be freely placed from providers to financial advisers. Certain inducements will not even have to be disclosed to the client anymore, as long as “they enable the provision of the service and they do not give rise to conflict with the firm’s duties to act honestly, fairly and professionally”. This is clearly insufficient to tackle the underlying conflict of interest that continue to exist due to the commercialization of retail financial products. Guillaume Prache, Managing Director of EuroFinuse, sees "this as a worsening of the situation for retail investors in comparison to the first MiFID".

Categories: press_releases
Get document »
 
Guillaume Prache
EuroFinuse
 
 
 
 
 

Events