The European Commission adopted new rules specifying the content and underlying methodology of the so-called Key Information Document (KID) that will have to be provided to retail consumers when they buy certain investment products, as of 31 December 2016. These include asset management products and other "packaged" investment products sold by banks or insurance companies.
DSW, Germany’s leading investors association and member of BETTER FINANCE, just announced that it will add the request for a special audit to the agenda of the annual general meeting of Volkswagen on 22 of June 2016. DSW will request: “The appointment of a special independent auditor in accordance with Section 142, Paragraph 1 of
In a surprise announcement this morning, the ECB’s President Mario Draghi announced a significant hike in interest rates, thereby putting an end to an unprecedented era of financial repression. At this stage details are slow to emerge and remain sketchy, but savers across Europe can now finally look forward to stop seeing the real value
New Financial published its latest report measuring female representation on boards and executive committees at more than 200 companies and institutions across the European capital markets. With so much focus on gender diversity on the boards of big listed companies, New Financial wanted to drill down into diversity across the financial markets by comparing 11
The EU institutions are concerned that public markets will become less efficient and share prices less accurate if dark pools grab a sizable share of equity trading. Indeed, stock trading grew faster in European dark pools last year than it did on public exchanges. According to broker and equity-market operator Investment Technology Group Inc., public
The Romanian Financial Supervisory Authority (ASF) recently appointed a new non-executive member to its board. Gabriela Boca acknowledges in her short hearing by the Romanian Parliament that she knows nothing about Financial Regulation or about the Supervisory Authority, isn’t aware of what her role might be and that she goes there to learn. The branch
BETTER FINANCE is offering a full-time internship for the duration of 6 months. The successful candidate will assist the team with day-to-day office management, administration as well as internal and external communication. Please note we can only accept candidates able to be enrolled in an exchange programme such as the European ERASMUS+ programme! We are looking forward to welcoming an enthusiastic
The Bank for International Settlements, the central bank of central banks, has warned that an extremely high global debt ratio across major global economies increases the vulnerability of the financial system to the monetary tightening by the US Federal Reserve (Fed). Clarudio Borio, the bank’s chief economist, said that the warning signs are no longer
Earlier this year, in March, the United Kingdom’s Financial Conduct Authority (FCA) reiterated the regulatory requirement for firms to “treat customers fairly” and put the wellbeing of their customers at the heart of how they run their businesses. Apparently the message did not fall on deaf ears since a few weeks later the investment management
Speaking at a financial sector conference in Paris early this week, EU Commissioner for Economic Affairs Pierre Moscovici advanced that an EU Financial Transaction Tax (FTT) could be in place by early 2017. In June, 11 European nations representatives met in Luxembourg to discuss the design and future of the measure. However, disagreements on what