During a debate on the European Commission’s proposal to amend the Shareholder Rights Directive (SRD) held on the 12th of May in Brussels, Guillaume Prache, Managing Director of BETTER FINANCE, denounced the fees that individual investors often have to pay in order to exercise their voting rights. These fees can be particularly high for cross-border voting
The BETTER FINANCE Conference on 28 March 2014 at the European Parliament Please find here the speech of Pervenche Berès, EMPL Committee Chair and MEP (S&D), former ECON Committee Chair.
On February 25 the European Parliament and Council agreed on draft EU legislation on investment funds. According to Sven Giegold, Green MEP, member of the EP’s ECON Committee and rapporteur for this legislation, this is a deal that will improve investor protection against reckless risk taking. The final agreement on the UCITS V Directive will oblige fund managers to take half
A study commissioned and released by the European Green Party shows that Europe’s largest banks are recipients of “implicit subsidies” to the tone of 234 billion in 2012, the equivalent of more than 10% of the European GDP of that year. Banks that are deemed “too big to fail” obtained subsidies from Member states since governments are
Starting with the new year, Greece assumed the EU Presidency for the next six months. In charge of the EU’s daily agenda, Greece will jointly decide policy directions and legislations with the European Parliament. Still in serious economic crisis and unemployment at its highest level, Greece takes charge of the European Union after its continued
On November 18, US federal authorities announced that the largest category of victims in the vast Ponzi scheme run by Bernard L. Madoff –those who lost cash trough accounts with various middleman funds – can benefit from a $ 2.35 billion fund to compensate for their losses. The Madoff Victim Fund, overseen by Special Master
On October 18, EuroFinUse and the Austrian Shareholder Association (IVA) held an international conference on “The Financial Repression of Savers and Investors”, in Vienna. International authorities from the private and public sectors discussed the alleged inevitability of Financial Repression and proposed solutions to face this issue. The event held at the Vienna Insurance Group was
Following the adoption by the European Parliament on 10 September of proposals to revise the existing framework of the Market Abuse Directive aimed at ensuring market integrity and investor protection, MEP Sven Giegold stressed the importance of this step to shore up relevant legislation. He believes that greater transparency will limit the potential for market
On Friday, 5th July 2013, EuroFinUse met with Philippe Maystadt, who was appointed by Commissioner Michel Barnier as the Special Adviser to enhance EU’s role in promoting high quality accounting standards. EuroFinUse provided Mr Maystadt with the views of retail investors on accounting standards, the principles they should contain and the need to count with
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