On 9 December 2016 the EU presidency and the EU Parliament agreed on the final version of the new Shareholders Rights Directive (SRD). Better Finance welcomes the completion of the new SRD which took years to finalise. This final version provides limited improvements in shareholders rights, in particular in the critical areas of shareholder identification
Alongside the traditional players of the finance world, there are now purely online services. Robot Advice has emerged in the United Sates a few years ago, and more recently in Europe. Robot Advisers are mostly only internet – based and use computer programs and algorithms that process the input provided by the consumer regarding its
BETTER FINANCE fully agrees that “capital markets need to play a larger role in channeling financing to the economy” and that Europe needs to “boost the flow of institutional and retail investment into capital markets”. However, as European policymakers start hammering out the details, Guillaume Prache, managing director of BETTER FINANCE, points to the fact
Protest movements to promote a radical reform of EU financial legislation in favour of Europe’s small citizen savers have taken off in Europe with a gathering in the European Parliament, at the BETTER FINANCE Conference, where high-level members of the financial circles argued that it is high time to bring in appropriate reforms. At the
EuroFinUse praises the Eurogroup statement from late Monday in favor of fully guaranteeing deposits below EUR 100,000. Moreover, we believe bank depositors should not pay for the excesses of the banking industry and or governments. Therefore, depositors should be protected from bearing the bulk of the Cypriot rescue package. Full Press Release
On Monday Les Echos reported on the European Securities and Markets Authority’s (ESMA) study on performance fees charged by UCITs which, together with inflation (albeit to a lesser extent), various charges and entry/exit fees, have on average reduced European investors’ returns by 29%. BETTER FINANCE urges that ESMA extend the time horizon of its study, as
La Commission européenne doit dévoiler prochainement des normes techniques de réglementation ("RTS", en jargon bruxellois) relatives au "règlement sur les documents d’informations clés relatifs aux produits d’investissement packagés de détail et fondés sur l’assurance" (communément appelés "PRIIPs"). Ce texte, qui rentrera en vigueur le 1er janvier 2017, oblige les banques, les fonds d’investissement et les
FT Money has scrutinised the small print, to reveal where Brexit could put your finances most at risk, and where a divorce from the EU could be welcomed. Some excerpts: The UK government has said two years is too short a time to finalise what would be one of the most complicated divorces in history.
Juan Manuel Viver, Policy Officer at BETTER FINANCE was interviewed yesterday by Euradionantes to express BETTER FINANCE’s views on the SRM (Single Resolution Mechanism) implemented as of 1st January 2016 in the Euro area. Mariarosa Borroni, Professor of Financial Intermediaries at the Faculty of Economics and Law of the Università Cattolica in Piacenza explains the
Juan Manuel Viver, Policy Officer at BETTER FINANCE, was quoted in Ignites Europe – the Financial Times’ supplement covering the funds industry – on the call for a cap on the number of fund board directorships held by some Irish industry professionals. The call by a senior EU financial consumer advocate comes following a study carried out by the Irish fund industry regulator which showed that 13 individuals held