EuroFinuse participates to the next EPFSF lunch discussion on “How can financial services contribute to fund economic growth and to achieve the EU 2020 agenda?” which will take place on 24 April 2013 at the European Parliament. Auke Zijlstra MEP is charing the event. Speakers include: – James Chew, Global Head, Regulatory Policy, HSBC Holdings
Basel III might be postponed by US Banks, EBIC thinks. The European Banking Industry Committee sent a letter with their concerns to EU Commissioner Michael Barnier. Main topics of concern are liquidity coverage ratios, lower RWA’s to retail and SME lending, exemptions from CVA charges for intragroup business, the Basel I “floor” extension and RWA
Ms. Pervenche Beres, the “ECON” Committee rapporteur for the Packaged Retail Investment Products “PRIPs” Regulation just released her report and amendment proposals to the EC proposed Regulation. EuroFinuse is very pleased to see that the main amendments of the Rapporteur match our key proposals in particular: – the inclusion of pure investment products such as
What started as an investigation into the widespread mis-selling practice known as “closet indexing” (claiming active fund management, whilst in reality merely tracking an index) has now taken on a new dimension. When it replicated the study into closet indexing by the European Securities and Markets Authority (ESMA) in 2017 (and, unlike ESMA, disclosed the
20 September 2017 – The European Commission (EC) announced its proposal to improve the supervision of European financial services as well as its revision of the European Supervisory Authorities (ESAs) today. BETTER FINANCE welcomes the proposal to have permanent members on the Boards of Supervisors of the ESAS as an improvement to their governance. However,
A little more than a week ago, BETTER FINANCE announced the results of its replication of the ESMA investigation into Closet Indexing. Following up on this announcement, today BETTER FINANCE launches www.checkyourfund.eu, allowing stakeholders and individual investors to go through the results of the research and, in some cases, find out whether their investments are
BETTER FINANCE’s Spanish member organisation ADICAE is celebrating a historic victory against 101 banks in what has been the biggest class action Spain has ever seen. In this class action suit on behalf of 15.000 mortgage borrowers, a Madrid commercial court deemed that the fixed minimum rate mortgages in question lacked in transparency and declared
Brussels, 8 June 2015 – The new EU Shareholders Rights’ Directive, as amended by the Parliament’s JURI committee, is to be put to plenary vote on June 10. As it stands the proposal grossly, ignores all the modest amendments repeatedly proposed for months by European individual shareholder representatives to lower the barriers to shareholder engagement
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
After weeks of obscure discussions between the Cypriot government and the Troika, it was revealed that the Cyprus bail-out package will imply, among other measures, losses on deposits over 100,000 euros that could amount to up to 60% of the money depositors had in the Bank of Cyprus. EuroFinUse strongly opposes the bank crisis approach