BETTER FINANCE published its Annual Report for 2016. Access the document here
Sven Giegold, German MEP and member of the ECON Committee of the European Parliament will keep fighting to introduce a reform of regulation pertaining to performance fees as part of the Action Plan of the Capital Market Union. In July 2016, his proposal to introduce such a reform of performance fees in the Consumer Finance
Prospectus Regulation Adopted in June 2017 as part of the Capital Markets Union Action Plan, the Prospectus Regulation aims to it make easier and cheaper for companies to access capital and improve the user-friendliness for investors of SME prospectuses. ESMA published 3 consultation papers on the format and content of the prospectus, on the EU
PEPP: what is it? After a public consultation and several months of work, the European Commission released the long-waited proposal on Pan-European Personal Pension Product (PEPP) last week. This new kind of voluntary personal pension is designed to give savers more choice when they are putting money aside for old age and provide
In its Asset Manager Market Study published last week, the Financial Conduct Authority (FCA) pointed out that retail investors pay fees that are three times higher than those incurred by large institutions on comparable asset management services. In its report, the Authority underlined the lack of competition with regards to funds sold to retail investors.
Canadian asset manager insist they only want the best for investors …and in their view, the latest reform of Canada’s investment industry introducing a ban on commissions paid to advisors and intermediaries by asset managers for selling their funds, will hurt investors. Like in Europe (MiFID II) or in the UK (Retail Distribution Review),
Canadian asset manager insist they only want the best for investors …and in their view, the latest reform of Canada’s investment industry introducing a ban on commissions paid to advisors and intermediaries by asset managers for selling their funds, will hurt investors. Like in Europe (MiFID II) or in the UK (Retail Distribution Review),
Whereas Shareholder rights have been reinforced in Europe (Shareholders Rights Directive), in the US, after several years of progress, it looks like they may be headed in the wrong direction. Despite its title, the “Financial Choice Act” – the bill passed by the House of Representatives two weeks ago – is seen as a gift
Despite 9 years of procedure and negotiations, the Court of Appeal of Amsterdam has declared non-binding the €12 billion settlement agreed by Fortis (now Ageas) and the consumer associations (Deminor, StichtingFortisEffect, VEB, Sicaf…) non-binding. In March 2016, Ageas agreed with the consumers associations to find a settlement that had to be endorsed by the Court
This is a rather literal translation of the title of the latest book from Jacques de Larosière, unfortunately only available in French for now. Does Jacques de Larosière really need an introduction… former Director General of the International Monetary Fund, of the French Central Bank, of the European Bank for Reconstruction and Development, and also