Guillaume Prache - Managing Director of EuroFinUse - was interviewed for an article in the Dutch pensions and investor news magazine (Nederlands Pensioen en Beleggingsnieuws) on the disproportionate influence of the industry lobby groups compared to the underrepresentation of the user side of financial products.
Mr Prache stressed the fact that the European Parliament adopted a law in relation to the creation of supervisors such as EBA and ESMA clearly stating that there must be a balanced representation within those bodies between industry representatives and consumers of financial services. This is far from being the case and thus in violation of the provisions stipulated in the relevant legislation.
Read the entire article (in Dutch) here.