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
Proxy advisers have been mired in controversy due to perceived conflicts of interest and doubts about the adequacy of their resources. They are predicted to remain at the centre of attention, particularly after the launch of the “name-and-shame” register in the United Kingdom, providing details of those companies that failed to attain 80 per cent
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.
28 November 2018 – Yesterday evening Euroshareholders, the shareholders branch of BETTER FINANCE, announced the winners of the 2018 Euroshareholders Awards at a ceremony in Wiesbaden, Germany. This year, the Euroshareholders’ “Shareholder-friendly” Award, awarded to a DAX 30 company with the most shareholder-friendly director’s pay system, went to Merck.
We are alarmed that for the second time in less than two years the Republic of Slovenia moves to curtail the options available to minority shareholders to mitigate the burden of costs imposed on them by financial intermediaries. Specifically, the proposed Paragraph 10 of Article 296 of the Market in Financial Instruments Act (ZTFI-1) targets
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 opportunity to comment on the European Commission’s roadmap on a “Simplified prospectus for companies and investors in Europe”. As representative of individual investors and savers, we believe that the main concern is to ensure that the Prospectus, the EU Growth Prospectus and their respective Summary prospectuses must reflect a true picture