The European Union’s auditors are doubling down their fight with the European Central Bank, citing three occasions on which it denied access to crucial documents. The ECA asked the European Parliament and the EU member states to take its side on this conflict ensuring that any documents that they deem necessary could be obtained. According

BETTER FINANCE welcomes the latest amendments adopted by the ECON Committee to the reform of the European System of Financial Supervision (including the European Banking Authority (EBA), the European Insurance and Occupational Pension Authority (EIOPA), the European Markets and Securities Authority (ESMA) and the European Systemic Risk Board (ESRB). This reform of the European Financial

This week, on the 19 December, the new rules for cross-border payments have been given a green light by EU, as announced by the European Commission on its Press release. Such an agreement will ensure that consumers and businesses in both euro and non-euro countries would benefit from the same transactions fees between the EA and

A strong European CMU requires the trust of citizens as individual investors, policy holders, pension savers and other savers. And defusing the pensions time bomb requires positive and decent real long term returns to pension savers. Those can only be reached by increasing the attractiveness of the EU capital markets to the benefit of all

On 6 December the European Securities and Markets Authority (ESMA) announced the new composition of its Securities and Markets Stakeholder Group (SMSG). BETTER FINANCE thanks and congratulates ESMA for improving on the consumer and retail user representation within the SMSG, now at 11, up from 9 in the previous stakeholder group.

The EBA seeks to foster consumer protection in all EU Member States, by identifying and addressing consumer detriment in the financial services sector. By assessing the retail conduct of financial firms, the EBA also seeks to contribute to the stability, integrity and effectiveness of the financial system. One of the tasks of the EBA is

BETTER FINANCE welcomes this opportunity to comment on the proposal for a regulation establishing the programme for a single market and competitiveness of enterprises which will continue to support the specific activities covered by the 2017-2020 Capacity-Building Programme enhancing the involvement of consumers and other financial services end-users in Union policy-making, as set out in

On Tuesday 10th of July, the European Parliament co-rapporteurs published a disappointing draft report on the review of the European System of Financial Supervision : not only lacking any ambitious changes on the much needed reform of the governance model and funding of the European Supervisory Authorities (ESAs – EBA, ESMA and EIOPA), but even

BETTER FINANCE welcomes this proposal to extend the Regulation on cross-border transactions to non-euro Member States for cross-border transactions in Euros sent or received within the EU. Transactions in Euros from or to a Member State of the European Union will now be charged the exact same price as a domestic transaction in the official