On the 21st of March, the European Commission launched a public consultation on the Operations of the European Supervisory Authorities. Commissioner Dombrovskis declared that the Brexit has made the need to reform these authorities more urgent. One of the main idea submitted by the European Commission is to increase the power of ESAs so they
The PRIIPS regulation was initially welcomed as a protection for savers. However the new PRIIPS regulation will impose the submission of a key information document that is not up to scratch. According to Guillaume Prache, Managing Director at BETTER FINANCE; “the text as it stands goes against the protection of savers and investors.” "We want
There are about 3.3 million individual shareholders in France representing about 6.5% of all shareholding in the 40 largest French companies, two times less than in 2009. The figure remains approximate because, for unclear reasons, companies are reluctant to reveal their numbers. Banks appear to communicate more openly on this issue. Guillaume Prache, Managing Director
BETTER FINANCE was mentioned in an article made by the newspaper Déontofi concerning the life insurance in Europe. Read the full article in french here.
In an article for French financial newspaper La Tribune, Bernard Cherlonneix, chairman of the “Institut pour le renouveau démocratique”, took a closer look at the role of central banks today’s economy. Mr Cherlonneix argues that central banks are in a state of what he calls "fearful schizophrenia" and questions how they can justify advocating “orthodox fiscal management”
"Barriers to Shareholder Engagement – A report on cross-border voting" was mentioned in a Spanish article in El Pais. The article focus on shareholders’ participation in companies in Spain and the barriers investors have to face which continue to make cross-border voting a challenge: "Costs, logistics or different requirements and national standards make it particularly difficult for individual shareholders
In reality returns on pension savings are a lot lower How much money did you put aside for your old age? More importantly, what are the returns on that piggy bank? According to BETTER FINANCE, a European consumer organization which advocates more transparency in the financial sector, the returns are much lower than assumed… after
A few weeks following the event, the Austrian newspaper Börsen-Kurier revisited the EuroFinUse and IVA Conference on Financial Repression of 18 October in Vienna in a special edition (Anlegerschutz Spezial). The lack of knowledge of the concept of Financial Repression in countries like Austria and Germany – where a popularly accepted translation of the term
EuroFinUse was quoted in the Accountancy Age with regards to the EU Audit regulation. It’s a case of going back to basics. Should the ultimate oversight body for auditing in the EU be the European Group of Auditors’ Oversight Bodies (EGAOB), as set up under the 8th Company Law directive, which has roots going back
BETTER FINANCE is pleased to announce its support for the Keep Me Posted campaign. European citizens as users of financial services should have the right of choice of how they want to receive their information (paper or digital version) at no extra costs. Read the full Press Release here