In an article for French financial newspaper La Tribune, Bernard Cherlonneix, chairman of the “Institut pour le renouveau démocratique”, took a closer look at the role of central banks today’s economy. Mr Cherlonneix argues that central banks are in a state of what he calls "fearful schizophrenia" and questions how they can justify advocating “orthodox fiscal management”
"Barriers to Shareholder Engagement – A report on cross-border voting" was mentioned in a Spanish article in El Pais. The article focus on shareholders’ participation in companies in Spain and the barriers investors have to face which continue to make cross-border voting a challenge: "Costs, logistics or different requirements and national standards make it particularly difficult for individual shareholders
In reality returns on pension savings are a lot lower How much money did you put aside for your old age? More importantly, what are the returns on that piggy bank? According to BETTER FINANCE, a European consumer organization which advocates more transparency in the financial sector, the returns are much lower than assumed… after
27 September 2016 –Daniel Godfrey, Founder of The Investor Forum & former head of the UK Investment Association Download the PDF version here. Good afternoon Ladies and Gentlemen and Thank you for that very generous introduction Guillaume. I was honoured to be invited to make this keynote address to BETTER FINANCE’s Conference because of the
Dear Mr Draghi, I am writing this open letter to you, because I am deeply concerned about the old-age provisions of millions of EU-citizens. I am head of a consumer organization (the Bund der Versicherten) and we are fighting for the rights of the insured and we care about old-age provisions, too. Mainly we look
There seems to be a consensus that broadening and deepening EU Capital Markets – in order for these to complement the struggling and costly banking sector in the financing of the European economy – will be key to achieve the hitherto elusive growth Europe seeks. Crucially though, for the project to succeed, European citizens as
Financial products and services in Europe have a bad rep. Not only do “investment products, private pension and securities” persistently rank as the worst of all 31 consumer markets according to the annual EU Consumer Scoreboard1, these markets also lag considerably behind others in terms of cross-border trade, thereby severely limiting competitiveness. In short, financial
At the time of writing the Court of Justice of the European Union (CJEU) in Luxembourg is still examining the legitimacy of the 2013 decision by the Bank of Slovenia to expropriate all holders of subordinated bonds and shares in recapitalised Slovenian banks. Although few refer to it as such, the wiping out of shareholders’
Following Jean-Claude Juncker’s announced efforts to boost openness and transparency in the EU decision-making process when he took office in November 2014, Frans Timmermans, the European Commissioner in charge of Better Regulation, and his team adopted the Better Regulation Agenda this May. This Agenda includes : – communication on Better Regulation – the decision to set up a Regulatory Scrutiny Board – the decision to set