EU Council set to backtrack on retail investor protection and CMU, contrary to SEC’s US capital markets reforms
On Wednesday 14 December, the United Securities and Exchange Commission (SEC) proposed Regulation Best Execution, seeking to establish a best execution regulatory framework mandating that securities brokers and dealers execute ...
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BETTER FINANCE Concerned About the European Commission Abandoning the Necessary and Urgent Audit Reform Announced in November 2021
In June 2020, the Wirecard scandal unraveled, generating unprecedented retail investor detriment worth about €20 billion. BETTER FINANCE reacted, labelling it an “outrageous case of corporate governance, external auditing and ...
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Council of the EU is the Last Hurdle to Tackling Conflicts of Interests in Retail Investment Services
17 November 2022 – The struggle against conflicts of interests and to deliver an adequate, high level of “retail” investor protection now hinges on the positions of representatives of the ...
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BETTER FINANCE Applauds and Supports Proposed Ban on Sales Commissions Paid to Retail Distributors of Investment Products
BETTER FINANCE considers the recent proposal to ban “inducements” (commissions) in “retail” investment services to be a very significant milestone in investor protection and firmly urges EU Member States to ...
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Background: “EU Pensions seem doomed with ‘Financial Repression’ as the only game in town”
Eurozone inflation mushroomed from 3.4% to 10% in one year, further deepening Europe’s cost-of-living crisis, yet the best the European Central Bank (ECB) could muster is a late and timid ...
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BETTER FINANCE Pensions Report 2022: It will get much worse for EU Savers before it even has a chance to get better
For 10 years now BETTER FINANCE points to the often-poor real net returns of long-term and pension savings (see the 2022 Edition of the Real Return) across a large number ...
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European insurers between solvency, inflation and rising interest rates
BdV and BETTER FINANCE once again examine the stability of the main EU insurers This year, the German Association of Insured (BdV) together with BETTER FINANCE and Zielke Research again ...
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Financial Repression | Low ECB Interest Rates & High Inflation generate a Loss of €1 Trillion in Purchasing Power for European Savers in 2022 alone
In a late bid to address soaring inflation in the Euro area, the European Central Bank (ECB) increased interest rates for the first time in 11 years in July 2022, ...
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BETTER FINANCE appoints Jella Benner-Heinacher as its new President
From 15 June to 17 June, BETTER FINANCE, the European Federation of Investors and Financial Services Users, and its Member Organisations gathered in Athens for their General Assembly and International ...
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ESMA Report Confirms BETTER FINANCE Findings of Investor Detriment through “Fixed Fee Splits” in Securities Lending
A report published on Tuesday 31 May 2022 by the European Securities and Markets Authority (ESMA), confirms BETTER FINANCE’s findings that fund managers often don’t seem to act in the ...
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