Dear Members and Friends, We were very saddened to learn of the death of Roger Ganser, the former Chair of the World Federation of Investors (WFI), on 16 July 2021. BETTER FINANCE and WFI maintain a very close relationship since many years. Both international investor organisations also share many members and frequently hold joint events.
The European Central Bank (ECB)’s new monetary policy is a positive step, but it needs more ambition to tackle its climate problem, warns a group of European lawmakers, environmental activists and economists. Scientists warn us again and again: climate change is accelerating. Preliminary findings from the IPCC raise the alarm on the extremely worrying
The EU Commission has announced to work on an audit reform in the aftermath of the Wirecard scandal. ” Wirecard has clearly illustrated what can happen if the three lines of defense – Internal Control System, good corporate governance incl. a strong Supervisory Board and the external audit fail to perform. This is a major issue
From September 2019 to June 2021, EIOPA set up a Consultative Expert Group on Digital Ethics in Insurance (GDE), to which BETTER FINANCE contributed, with the aim of providing an overarching framework to AI governance in light of recent international and European developments in the digitalisation of financial services, and for the insurance sector in
Impact investors (in the end followed by Blackrock and others) just managed to force two new directors into EXXON Board (biggest oil company in the World) who will push to accelerate the energy transition. Why is this extremely important: major oil companies’ free cash flows (net of investments) will likely reach $ 200 billion this year
BETTER FINANCE is pleased to announce that Alin Iacob, the Chairman of the Association of Romanian Financial Services Users (AURSF), and Matías Martín-Gil Parra, representative of ADICAE, the Spanish Association of Users of Banks, Savings Banks and Insurance Companies, were both selected to join the European Commission’s Payment Systems Market Expert Group (PSMEG). The expert
Read the full article [in French] in ARCAF’s website Over the years, BETTER FINANCE has warned authorities and stakeholders of the risks at stakes for Pension plan savers (Pension Savings – The Real Return). Today, the French ‘Union Mutualiste Retraite’ (UMR) just sparked a new pension scandal by cutting the pensions paid to ‘Corem’ retirees.
Original article in L’Echo Over the years BETTER FINANCE (Pension Savings – The Real Return) has warned authorities and stakeholders of the damage caused by excessive fees to the returns on long-term and pension savings in Europe. Last July, BETTER FINANCE was joined by the Belgian Financial Services and Markets Authority (FSMA) that warned investors
A loan (credit) is “non-performing” when it’s either over 90 days overdue or unlikely to be reimbursed by the client (business or consumer). In this case, credit institutions (e.g., banks) can resort to one of the three following recourses: either “work it out” with the customer, e.g., grant a moratorium (postponement), restructure the repayment, discount
BETTER FINANCE is pleased to announce that, also in 2021, it is well-positioned to remain the leader in providing high-level user-side experts to EU and International expert advisory groups in policy and regulatory matters impacting individual, non-professional users of financial services. At the European level, BETTER FINANCE is pleased to announce that Desislav Danov from