There are about 3.3 million individual shareholders in France representing about 6.5% of all shareholding in the 40 largest French companies, two times less than in 2009. The figure remains approximate because, for unclear reasons, companies are reluctant to reveal their numbers. Banks appear to communicate more openly on this issue. Guillaume Prache, Managing Director
Guillaume Prache, BETTER FINANCE’s Managing Director answered some questions to Revue-Banque regarding his position on the third pillar of the Banking Union, the bail-in and TLAC. Read the full interview in french here.
An article which appeared in the Belgian newspaper L’Echo discusses the reticence of Belgian citizens to take risks with their savings. Guillaume Prache (BETTER FINANCE) and Jacques Berghmans (Treetop Asset Management) discuss why this is the case and what the potential solutions could be. Belgians don’t trust bankers to invest on their behalf. As Mr.
Guillaume Prache, Managing Director at BETTER FINANCE, was interviewed by the French daily newspaper "La Liberté" on the stress tests the European Central Bank (ECB) is carrying out in 123 banks across the 28 European Union countries. The ECB is scrutinizing 130 banks in the 18 eurozone countries and Lithuania, which is set to join the currency union
Guillaume Prache, Managing Director at BETTER FINANCE, was quoted in the Financial Times following his contribution to EFAMA’s report “Building Blocks for Industry Driven Investor Education Initiatives”. Presenting the investors’ perspective on "The fall of financial literacy", Prache suggested that plans to improve financial literacy should include resinstating basic financial mathematics in European curriculums, as
EuroFinUse was quoted by the Financial Times in relation to the European Securities and Markets Authority recent report on structured products. Following "relatively low” returns on investment in structured products over the past five years, the ESMA is concerned that retail investors who invest in structured products that use hedge fund-type strategies might not have
In a article published this week in Les Echos, Sophie Rolland raises the expansion of passive funds over active funds and how these are fighting against the development of passive funds. For a few years now, active funds face competition of passive funds. According to Moody’s, by 2025, passive management will represent over half of
The PRIIPS regulation was initially welcomed as a protection for savers. However the new PRIIPS regulation will impose the submission of a key information document that is not up to scratch. According to Guillaume Prache, Managing Director at BETTER FINANCE; “the text as it stands goes against the protection of savers and investors.” "We want
The savings management industry does not at all satisfy Europeans concludes the annual survey of the European Commission stating that the investment industry, and particularly services related to pension savings, came last of 32 on the services satisfaction index. BETTER FINANCE confirmed this bad result by reporting that European investment funds have returned 1.2% less
In an article published yesterday in the Financial Times Guillaume Prache of BETTER FINANCE was quoted on the topic of fund houses backing board decisions. Following revelations that asset managers back corporations on issues such as executive pay at least 90 per cent of the time, fund houses have been accused of failing to hold