We are delighted to announce that Judith Hardt joined the BETTER FINANCE team in August 2018. With a substantial track record in leading European associations specialized in financial services, she joined BETTER FINANCE as Senior Advisor. Until June 2018, Judith was the Managing Director of the Swiss Finance Council. and represented the interests of internationally
In September 2015 the European Commission adopted an Action Plan setting out a list of over 30 actions and related measures to establish a Capital Market Union (CMU) by 2019. Despite the progress that has been made to date, Europe’s capital markets remain fragmented along national lines. The risk, with issues such as Brexit and the European
The European Securities and Markets Authority (ESMA), in accordance with their mission to enhance investor protection and promote stable and orderly financial markets, announced today that they have agreed to renew the prohibition of the marketing, distribution or sale of binary options to retail clients for a further three-month period. With ESMA considering that a
In last week’s extensive article entitled Pressures on Slovenia, Which Are Not Discussed Publicly (www.delo.si/novice/slovenija/pritiski-na-slovenijo-o-katerih-se-na-glas-ne-govori-81803.html), the leading newspaper (Delo) disclosed the continuous and ever greater pressures on Slovenia to withdraw from the investigation of these acts, despite reasonable grounds for suspecting that in the fall of 2013 the then heads of the Bank of Slovenia
It is with sadness that BETTER FINANCE learned that Soner Bahcuvan recently passed away. He was a great friend of our organisation and, apart from his close involvement with the European Federation of Investors, instrumental in involving Boryad – the Turkish Exchange Traders Association – with Euroshareholders and then with BETTER FINANCE. All members of
The European Securities and Markets Authority (ESMA) initiated a peer review and published a report that found that six national competent authorities (NCAs) need to enhance their supervision of Undertakings for Collective Investments in Transferable Securities (UCITS) operating with Efficient Portfolio Management Techniques (EPM). BETTER FINANCE thanks ESMA and welcomes the action taken on consumer protection: the
With its Communication of July 19, the European Commission reaffirmed the illegality of intra-EU bilateral investment treaties(intra-EU BITs) and stated that ”EU investors cannot invoke intra-EU BITs, which are incompatible with Union law and no longer necessary in the single market’’ . Intra-EU BITs treaties are international agreements that focus on investor protection and assure citizens
In June 2018 the ECON committee of the European Parliament published a study titled “Subordinated Debt and Self-placement: Mis-selling of Financial Products”. After five years of very diverse interpretations and applications of so-called “burden sharing” in bank recovery and resolution, also known as bail-in of subordinated bank creditors, the European Parliament’s ECON Committee examined whether
On the 13th of July the Dutch Court of Appeal endorsed the agreement between Ageas, the legal heir of Fortis, and the organisations representing the abused shareholders. A deal has been reached ten years after the dismantling of Fortis, with a sum of € 1.3 billion on the table to compensate the shareholders who will
On 17 July EIOPA, the European Insurance and Occupational Pensions Authority announced the new composition of its two “stakeholder groups”: the Insurance and Reinsurance one (IRSG), and the Occupational Pensions one (OPSG). BETTER FINANCE thanks and congratulates EIOPA for successfully “seeking to strengthen representation of consumers”, especially in the OPSG where up to now BETTER