Savers and individual investors are slowly finding their deserved place at the heart of the "CMU" initiative. So far none of the short term priorities identified by the EC had actually focused on them.
Whereas these are definitely steps in the right direction, in our view the CMU Action Plan could still be more ambitious overall, considering the absence of economic growth and job creation in the EU, and given the overall persistently poor value of long term investment services offered to EU citizens as measured by the Commission’s Consumer Scoreboard.
More specifically we are concerned that no measures are included to end the discrimination against EU citizens who wish to invest directly in capital markets. BETTER FINANCE is also very concerned about the fact that the impending regression of investor information rights stemming from the new “PRIIPs” Regulation does not seem to appear on the radar screen of the Commission so far.
Read our full press release here.
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