BETTER FINANCE conducted research on the securities lending practices of the 10 most active European funds in this field, most of which are based in Luxembourg. Even though the rules are clear, the research results have demonstrated wide discrepancies between the funds with regards to the redistribution of the revenues. According to Guillaume Prache, Managing

On the occasion of the first meeting of its newly established Scientific Committee, BETTER FINANCE is holding a press conference on 20 June to present its distinguished members and publish its ground-breaking new research findings on the Correlation between Cost and Performance in EU Equity Retail Funds. The Scientific Committee consists of highly skilled and

Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros) by the European Union on Thursday for rigging the multitrillion-dollar foreign exchange market. According to the European Commission, individual traders at the banks involved, formed two cartels to manipulate the spot foreign exchange market for 11 currencies, including

The Icelandic Savers Organization (ISA), the founding member of BETTER FINANCE, organised a series of lectures during 2018-2019 to commemorate the ten-year anniversary of the crisis of 2008. All the lectures had the common headline “Never Again” and looked into the reasons and consequences of the crisis. The lectures focused on subjects such as the

With the European elections around the corner, BETTER FINANCE took stock of the developments over the last five years in matters of financial policy at the European level. Although some important measures have been taken to improve the protection European Financial Services Users (i.e. most EU citizens), EU policy makers unfortunately continued to focus on

BETTER FINANCE has challenged BlackRock, UBS Asset Management and Deka, amongst others, on the revenues generated by their securities lending activities, reigniting a debate about an opaque but lucrative part of the fund industry. Under rules issued by the European Securities and Markets Authority in 2012, asset managers cannot profit from securities lending. However, analysis

Following the biggest class action lawsuit ever filed in Norway, around 180,000 DNB consumers have won their claim that the fees charged by the biggest bank in the country were far too high. DNB had already been sued by the state consumer council three years ago, on the basis that it must refund around NOK

Securities lending is the practice of lending a stock, bond or other financial instrument in exchange for interest. Typically, the borrower pays a fee to the lender for the shares. EU rules governing the practice of securities lending by UCITS funds, stipulate that 100% of the income from securities lending – net of direct and

This research paper is part of BETTER FINANCE’s #FundResearch project, an umbrella research activity aimed at providing qualitative and quantitative assessments of the EU market for “retail” investment funds, focusing on Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFs). This paper looks into the practice of securities lending as an