The resolution voted on 30 September by MEPs from the Economic and Monetary Affairs Committee welcomes the fact that some concerns previously raised by the EP have been addressed but insists that there is still ample room for improvement. The resolution focused on the need to build social concerns into the Economic and Monetary Union
On 12 & 13 September 2013 Eurofi is organising an event in Vilnius in association with the Lithuanian EU Presidency for an audience of public and industry representatives. The aim of this Forum will be to facilitate open and interactive discussions between public decision-makers and leaders of the financial industry on the major on-going reforms
EuroFinUse participates to the workshop organised by the European Commission, DG Internal Market and Services on ‘Crowdfunding: Untapping its potential, reducing the risks’ on 3 June 2013. Questions will address Crowdfunding in Europe: What drives its growth and what are the obstacles to it? Can it help to fill the financing gap for small firms
EuroFinUse published a press release demanding more clarity and transparency on the conditions to be applied to Cyprus banks’ bondholders: the declarations of Mr. Dijsselbloem on the involvement of bondholders should be more precise. Indeed, and contrary to the EC regulatory proposal on banks’ recovery and resolution, bondholders –unlike depositors– were not included in the
With regards to the EPFSF event from 29 January 2013 on “The Liikanen Report: do we need a reform of the EU banking structure?" to which EuroFinuse participated please find here the statement of Managing Director Guillaume Prache.
According to the Financial News at least eight hedge-fund firms have announced their intention to close their business due to uncertain markets, tighter regulation and "investors with ever-shorter time horizons". Read the full article here. (Source: Financial News)
Good news at last for some investors caught in “closet index” funds: fund managers will indemnify investors from 64 UK domiciled funds for £ 32 million following the UK financial supervisor’s investigation. Closet index funds are funds that claim to be actively managed, and charge “active” management fees, but closely track the market indices (before
BETTER FINANCE welcomes the Interim Report of the High-Level Expert Group on Sustainable Finance of the European Union, which highlights the need to “incorporate long-term and sustainable value creation”. BETTER FINANCE underlines the need to establish common definitions and standards at least at the EU level. Long-term and pension savers must be recognised as major
BETTER FINANCE keenly supports the European Commission’s proposal to launch a Pan-European Personal Pension product (PEPP) as a key component of the Capital Markets Union (CMU) initiative. The extreme fragmentation of the numerous EU markets in Personal Pension Products (PPP) hampers the development of badly needed economies of scale. BETTER FINANCE strongly doubts that any
On February 2nd ESMA released some long awaited results of its investigation on falsely active equity UCITS funds (also called “closet indexers”). Those are funds that claim to be “actively” managed but that are in fact merely following market indices, although they charge much higher fees than low cost index-tracking funds such as ETFs. The