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
Today FTfm, the FT’s review of the fund management industry, dedicated two articles to BETTER FINANCE’s 2015 edition of “Pension Savings: The Real Return”, to be announced this Wednesday 30 September at the Brussels Press Club. The third edition of our research report now covers the performance of the market for investment and pension products in Europe in 15 EU
This investigation follows probes launched by Denmark and Sweden over the past six months. The Dutch investment market is bigger than the Danish and Swedish combined, with investment assets of €469 billion and about 200 asset management companies. If any substantial wrong-doing is detected, the Netherlands Authority for Financial Markets has the power to ban
"Pension Savings: The Real Return" was mentioned in an article in The Telegraph. The article focus on how British pensions perform "worse than in most of Europe". BETTER FINANCE’s report shows savers’ pension funds are worth 10 per cent less than in 2000 due to high charges in the UK. BETTER FINANCE, which lobbies the EU on
Guillaume Prache, Managing Director at BETTER FINANCE, was quoted in the Investment and Pensions Europe magazine on the draft proposal of the Insurance Mediation Directive (IMD) voted last week at the European Parliament. With non-insurance pension products still left aside, the final version of the revised directive will enter in the trialogue phase, with negotiations
EuroFinUse was quoted by the Financial News on the Regulation for Key Information Documents (KID) for investment products. Juan Manuel Viver, EuroFinUse’s Policy Officer, spoke on the fragmentation of MEPs’ views on the scope for the KID Regulation. Read the full article here