Today, the European Parliament adopted the revised Shareholders ‘rights directive, which was presented by the European Commission in April 2014. On this occasion, Commissioner Jourová said: "We have learned our lessons from the past. For a stable European economy, it is essential to look beyond fast profits and focus on long-term success. The European economy
Last week, ShareAction, a UK registered charity promoting an investment system which serves savers, society and the environment, released a survey on Responsible Investment Performance of European Asset Managers. For this study, ShareAction has examined and ranked the transparency and Responsible investment practices of 40 of the largest asset managers in Europe which control €21
Whereas in the US VW admitted its wrongdoing and set aside billions of dollars for car owners, European consumers are being left high and dry. VW claims that there is no need to compensate European consumers since according to them they did not suffer losses in the sense that the value of their cars did
The purchase of the Robo-adviser FutureAdvisor by BlackRock in 2015 (the world’s largest asset manager) shows the increasing interest from ETF providers for automated online investment services for financial advice. A study published by BI Intelligence revealed that Robo-advice will grow rapidly in the coming years and will control $8tn in assets by 2020. More
Launched in September 2015, the Capital Markets Union (CMU) is a key pillar of the Investment Plan which aims to tackle investment shortages head-on by increasing and diversifying the funding sources for Europe’s businesses and long-term projects. In the third pillar of the Investment Plan – which focuses on removing obstacles to investment – the
Proposed by the European Commission in 2011, to make sure the industry made a “ fair contribution” after taxpayers bore the costs of the financial crisis, the Financial Transaction Tax ( FTT) is under discussion regarding its effects on pension funds.On the 21st of February, a meeting involving the Finances Ministers of those countries was
On the 22 February 2017, 9 European organizations and associations, including BETTER FINANCE, launched a new European Platform for Financial Education. The initiative responds to the need for financial education and to boost financial literacy in Europe. The founding partners of this platform believe that a sustainable financial system is based on two pillars: well-functioning,
On the 22 February 2017, 9 European organizations and associations, including BETTER FINANCE, launched a new European Platform for Financial Education. The initiative responds to the need for financial education and to boost financial literacy in Europe. The founding partners of this platform believe that a sustainable financial system is based on two pillars: well-functioning,
A study published by ALTER-EU has analyzed DG FISMA’s meeting with lobbyists. The study points out 3 alarming practices that run counter the transparency rules. Only 16% of the meetings held by DG FISMA with lobbyists are published In fact, only the Commissioner and the Director General are obliged to proactively publish these meetings with
On the 2nd of February 2017, the European Banking Authority published its report on high earners in EU banks. According to its report, the total number of high earners increased from 3.865 in 2014 to 5.142 in 2015, representing a 33.04% increase compared to 2014 (a 61.8% increase from 2013). The Capital Requirement Regulation (CRR)