On 30 September Guillaume Prache, EuroFinUse’s Managing Director, was quoted in the Financial Times in relation to the ‘elitist focus’ of the mutual fund industry which was criticised following research by Mackay Williams. Research showed that the focus of the fund industry on the needs of the wealthiest 10 per cent of Europeans has cost
On Monday Les Echos reported on the European Securities and Markets Authority’s (ESMA) study on performance fees charged by UCITs which, together with inflation (albeit to a lesser extent), various charges and entry/exit fees, have on average reduced European investors’ returns by 29%. BETTER FINANCE urges that ESMA extend the time horizon of its study, as
In his speech at the 2016 ECB/EC financial integration conference in Frankfurt, Guillaume Prache, Managing Director of BETTER FINANCE, discusses the Capital Markets Union and the impact it will have on retail investors. Please read the full speech here.
In the next two years, European investment funds will be subjected to two regulatory changes. If MIFIDII is expected to have a limited impact, according to experts, PRIPS raises more concerns. MiFID II is supposed to enter into force in 2017; however, since the financial sector is not ready, it will take more time. The
In an article published in the Financial Times on the 15th of November, Guillaume Prache, Managing Director of BETTER FINANCE, was quoted regarding the income money managers are making through securities lending.BlackRock overhauled its securities lending division, making it cheaper for companies to borrow securities. The asset management firm cut the requested amount of collateral,
Carl Rosén, chief executive of the Swedish Shareholders’ Association (SSA) and vice-president of BETTER FINANCE, featured in last Sunday’s Financial Times “Face to Face” section, dedicated to people in the fund management industry. A former investment banker, Carl Rosén and the Swedish organisation caught the financial industry and media’s attention after publicly criticising some of
BETTER FINANCE’s concerns on the review of Shareholder Rights Directive were echoed in two recent articles by Daniel Hunter in Freshbusinessthinking.com and in InternationalTrade platform. Speaking at the 15th European Corporate Governance Conference held in Milan, Guillaume Prache, Managing Director at BETTER FINANCE, stressed that many individual shareholders of EU companies will still have to pay high fees to exercise their voting
Guillaume Prache, Managing Director at BETTER FINANCE, was quoted in the Financial Times on the billions of pounds’ worth of unclaimed assets. Although the article focused on the several fund houses in the UK that have called in specialists to track down the owners of what may amount to billions of pounds’ worth of unclaimed assets, Guillaume Prache
Guillaume Prache, EuroFinUse’s Managing Director, was invited to comment in an article in L’Echo on the fact that since the advent of the financial crisis and the consequent implementation of the European MiFID directive, investors are obliged to complete a questionnaire so that the company selling them the financial product can determine their risk profile,
Earlier this year BETTER FINANCE called on policy makers to put an end to financial abuses by ensuring better public enforcement of conduct of business rules and introducing an EU-wide framework for Collective Redress in order to facilitate effective private enforcement. Now the European Commissioner for Justice and Consumer Affairs is calling for an EU-wide