EuroFinUse’s German member organisation DSW sent out a letter to several MEPs to voice their concern related to the current status of the “trialogue” negotiations on the MiFID II Directive on markets in financial instruments. EuroFinUse fully endorses DSW’s requests that are completely in line with its own public position on MiFID II, proposing new
EuroFinUse is very pleased that MEP Pervenche Beres’ amendments on PRIPs match our demands in relation to the inclusion of shares and bonds and other bank savings products, life insurance products as well as the disclosure of inducements paid by the provider to the seller. Press Release
In a article published this week in Les Echos, Sophie Rolland raises the expansion of passive funds over active funds and how these are fighting against the development of passive funds. For a few years now, active funds face competition of passive funds. According to Moody’s, by 2025, passive management will represent over half of
Brexit has begun to create a shift of financial regulation within Europe. With the resignation of Britain’s EU Commissioner in charge of financial services, Jonathan Hill, Britain is seeing its influence within Europe dissolve. During an interview with the FT, Lord Hill discussed the shift of power that will affect British financial institutions and the
The World Federation of Investors (WFI), the Spanish Association of Minority Shareholders of Listed Companies (AEMEC, one of BETTER FINANCE’s members) and BETTER FINANCE have stated that the swap transaction that took place between CaixaBank and its controlling shareholder, Criteria, lacks transparency and adequate information to the detriment of minority shareholders of CaixaBank. Indeed small
Earlier this week BETTER FINANCE wrote to MEP Brian Hayes, ECON Rapporteur for the Revision of the IORP Directive, expressing its concerns regarding the proposed amendments in the ECON Committee draft report on the IORP Directive that would constitute a very significant setback in the protection of EU savers, watering down the information that IORP
Seven years into the financial crisis and the question remains: are investors better protected today than they were in 2008? The European Federation of Investors and Financial Services Users is particularly well placed to answer this question and provides a mixed view on the issue. With a team of five, Better Finance fights an uphill battle to be heard amongst industry heavyweights such as the European Banking Federation. Guillaume
La Carta de la Bolsa, a Spanish financial blog written by the journalist Moises Romero, draws attention to "Pension Savings: The Real Return", BETTER FINANCE’s report on the gloomy status of private pensions in Europe. Our analysis is also mentioned in an article in the Spanish and Portuguese versions of FundsPeople. As illustrated in the report, both articles clearly show that
Financial Times has published an article on customer fees associated with pension funds. The text is based on BETTER FINANCE’s report "Pension Savings: The Real Returns" and critically summarizes the situation across the countries covered in the paper. "It is no wonder, finds the report, that pensions and investments are ranked the worst consumer markets
Following the Financial Times article on “Probes into forex trading” by Daniel Schäfer and Caroline Binham, Guillaume Prache, Managing Director EuroFinUse, showed his concerns regarding the lapse in public supervision , which has been going on far too long, in a letter to the newspaper. With a quadrillion dollars (that’s 1 followed by 15 zeros)