European Commission Press Release – This document reflects the outcome of the high level dialogue between all participants of two round-tables on best practices organised in May and June 2020 by the European Commission in light of the COVID19 crisis. All participants agree to continue the dialogue on the COVID19 crisis and its impacts in

On 1 July 2020, Germany took over the Presidency of the Council of the European Union from Croatia and published the presidency programme for the next six months, including several aspects related to financial services, highlighting “a sustainable financial market architecture, stable financial policy and fair taxation”. With regards to taxation the German Presidency is

BETTER FINANCE – one of the only two individual user side members of the European Commission’s “High Level Forum on the CMU” – firmly advocates for a Capital Markets Union (CMU) that “Works for people” and focuses on EU citizens as – by far – the largest source of long-term, sustainable funding for the real

Düsseldorf, 01 July 2020 – DSW, the leading shareholder association in Germany, repeatedly criticised Wirecard in the last years for its lack of transparency and weak Corporate Goverance structures. „The ad-hoc disclosure of 18 of June 2020, in which the company stated that there was no proof for the escrow accounts about 1.9 billion €

It is with surprise that BETTER FINANCE and its member organisations representing financial services users read the headline on 18 June 2020 that Wirecard AG (“WD”), one of Europe’s FinTech success stories, may have mis-reported €1.9 billion in its balance sheets, filling for insolvency a few days later.

We, the undersigned organisations, would like to congratulate you for the very important announcement made during several recent online events, that the Commission will propose legislation in 2021 on both corporate due diligence and directors’ duties as part of your initiative on sustainable corporate governance, taking into account ongoing national-level mandatory due diligence developments. We

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published the new list of members of its Securities and Markets Stakeholder Group (SMSG). The selected individuals begin a four-year term on 1 July 2020. The SMSG will provide ESMA with advice on its policy work and must be consulted on technical

BETTER FINANCE and BEUC published a Joint Public Letter concerning the collective redress file in light of the recently published Final Report of the High-Level Forum on the Future of the Capital Markets Union, reaffirming the necessity of creating a pan-EU collective redress mechanism that does not exclude European citizens as financial consumers and individual

PRESS RELEASE The Report of the High-Level Forum on the European Capital Markets Union (CMU): European Savers one step closer to getting Sustainable Value for their Money Brussels, 10 June 2020 – A little over 6 months after the European Commission (EC) launched its High-Level Forum (HLF) on the Future of CMU, the group of