The EU Parliament JURI Committee has voted on 26 April on the new proposals aimed at reforming the audit profession looking to increase audit quality and investor renew confidence in financial reporting. EuroFinUse pushes for mandatory tendering after 7 years and auditor rotation after 14 years to achieve a higher quality, dynamic and open audit
According to the Financial Times "Asset managers will refuse to pay investment banks to meet the chief executives of their corporate clients in the wake of an FTfm report that suggests chief executives often have no idea their time is being sold for as much as $20 000 an hour." Mick McAteer, founder of The
On 18 January 2013, EuroFinuse will meet with the delegation of EBA and the BEUC delegation of consumer representatives to discuss amongst other topics consumer issues, biased advice and inappropriate selling issues, the EBA mandate and its role in the banking union proposal as well as shareholder participation in EU banks governance. Conclusions of this
"UK taxpayers might never see the return of £66bn of public money used to rescue Royal Bank of Scotland (RBS) and Lloyds Banking Group in 2008", the Spending Account Committee of the EU Parliament said yesterday. Read the full article here. (Source: Agence France-Press)
19 October 2017 – BETTER FINANCE elected Jella Benner-Heinacher, the Deputy Chief Executive of Germany’s oldest and largest association for private investors DSW, as its new President. “I am honoured by the trust put in me. Working at the European level is certainly one of the most important, but also the most challenging, tasks in
Almost ten years have passed since the beginning of the financial crisis and individual investors and consumers in the EU are still far too often suffering from unscrupulous issuers and providers of financial services, including: The Foreign Exchange scandal, Volkswagen’s Dieselgate,hurting investors as well as car owners, Retail clients / investors in bailed-out or bailed-in
At the end of 2013, at the occasion of the publication of its yearly report on the real return of pension savings, BETTER FINANCE warned of the risk of a disastrous eradication of European savings across the board. Nearly two and a half years later and the warning goes unheeded, with the European Central Bank
Today BETTER FINANCE launched the third edition of its annual examination of the returns on pension savings in the EU at a press conference at the Brussels Press Club. According to the 2014 European Commission’s consumer scoreboard, the market for investment and pension products continues to be the worst performing market in Europe. As the new
BETTER FINANCE and other European organisations representing savers and financial users were quite disappointed by today’s «Consumer Protection Day » jointly organised by the three European financial Supervisory Authorities (Securities & Markets, Insurance & Pensions and Banking). Please read here the press release.
The European Federation of Financial Services Users releases its research report on the real return of pension savings. This research confirms, broadens and deepens the OECD 2012 Pensions Reportconclusions which revealed negative real returns on average for pension funds. Our research adds other pension savings than pension funds, includes France (not covered by the OECD