Following a recent decision by a Dutch court, aggrieved Fortis shareholders are entitled to damages under Dutch law. Stichting Fortis Effect, which represents some Fortis shareholders who suffered damages following the nationalisation of the former Dutch bank in September 2008, won its appeal against Ageas (formerly Fortis), but lost against the Dutch State. Ageas and Fortis
According to a leaked draft of the European Union’s first proposal to the US on trade in services and investment, financial services will not be included in the negotiations at the next round of talks on the Transatlantic Trade and Investment Partnership (TTIP). In an attached note to Member States, the European Commission proposes that, until the US engages on regulatory cooperation, the
BETTER FINANCE welcomes the announcement of the election of Lars-Erik Forsgårdh as the new chairman of the European Confederation of Directors’ Associations (ecoDa). As former CEO of the Swedish Shareholders´ Association – the Swedish member organisation of BETTER FINANCE – and former Vice-President of Euro Shareholders – merged into BETTER FINANCE in 2010 – Dr
On 21 March BETTER FINANCE’s Slovenian member VZMD sent a letter to the European Commission President Jose Manuel Barroso warning European institutions about the unequal treatment of Slovenia and the “endangered financial, economic and social stability” following the expropriation of share and bond owners at Slovenian Banks. The letter was a joint initiative by VZMD’s NKBM Section and the Civil Society
The launch of the BETTER FINANCE Manifesto was accompanied by the BETTER FINANCE Questionnaire – a few concrete questions sent to all candidates and major political parties and groups in the EU. The results of the questionnaire will be published before the upcoming parliamentary elections.
On January 22, the European Court of Justice (ECJ) dismissed the UK’s court challenge to the Short-Selling Regulation (SSR). In an action brought before the European Court of Justice in 2012, the UK claimed that ESMA’s powers to adopt emergency measures relating to the financial markets of the Member States in order to regulate or prohibit
Following the agreement reached by the Council on the single resolution mechanism for dealing with failed banks (link to the news on that), EP President Martin Schulz issued a warning to EU ministers in a speech at the opening of theCouncil summit in Brussels on December 19. According to Mr. Schulz, the banking union risks
In light of the ongoing low interest rate environment across the Eurozone and the cut in interest rates by the European Central Bank to a record low of 0.25 per cent, Jens Weidmann, president of the Deutsche Bundesbank, made it clear that the “country’s army of savers” will not face special discrimination since the entire
On Friday 4 October 2013 EIOPA announced the appointment of the members of their stakeholder groups. Whilst reserving judgement until more information is available, EuroFinUse is cautiously optimistic about the new composition, although much could still be improved. EIOPA – the European Insurance and Occupational Pensions Authority – is part of the European System of
Guillaume Prache was interviewed on EuroParlTV on the Financial Transaction Tax (FTT), providing the individual investor perspective on this important issue. See the interview on our website or on EuroParlTV. For more details on the EuroFinUse position on the FTT, please read our position paper here.