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 deals at the best price available. BETTER FINANCE, which itself has been highlighting the need for more transparent and fair European stock markets, applauds the
Research presentation by 2° Investing Initiative (2DII Shifting the Trillions: the transition needs to be massive and transformative Still, the funding gaps can be put in perspective with household savings Private investors can contribute to the transition by having impact Investors impact depends on the theory of change and external factors All impact mechanisms don’t have
BETTER FINANCE published the 10th edition of its “Real Return of Long-Term and Pension Savings report | 2022 Edition”. Download the full report in English for free here. A Summary version of the report can be found below.
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 supervisory failures”[1] and calling for an urgent reform of EU Audit Rules. The responsibility and liability of the external auditor is at stake. More than
“BETTER FINANCE together with ShareAction, the German Association of the Insured BdV, Urgewald and WWF European Policy Office react to the Solvency II review on related sustainability requirements. Solvency II, the legislative framework for EU insurers, is currently under review. Solvency II, introduced in 2016, laid the foundations for a harmonised, sound, and robust prudential
BETTER FINANCE answer ESMA Call for Evidence with regards information from market participants and map the state of play with regards to the implementation of the SRD2/SRD II provisions on the identification of shareholders, transmission of information and facilitation of exercise of shareholder rights, as well as on the transparency of proxy advisors.
On 28 November 2022, BETTER FINANCE together with BEUC and Finance Watch, published a public letter addressed to Vice-President Dombrovskis, and Commissioners McGuinness and Reynders, to encourage them to continue with an ambitious approach with regards to the Retail Investment Strategy and the stated goal of creating bias-free advice.
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 EU Member States (Council of the EU). BETTER FINANCE firmly advises the co-legislator not to hamper EU progress and to support the proposal to ban
The European Federation of investors and Financial Services Users fully supports the clear stated objectives of the European Union’s very welcome “Retail Investor Strategy”. Before the European Commission’s proposal is put forth, BETTER FINANCE reminds of the key necessities for a Capital Markets Union that shall “work for the people”. ENSURE A LEVEL PLAYING FIELD
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 also support it. EU authorities are currently working on the reform of rules surrounding market structures and execution of client orders, namely the EU Regulation