BETTER FINANCE welcomes this consultation from the EC on a much-awaited and needed strategy for retail investors, and fully supports its clearly stated objectives, as defined in the EC CMU Action Plan and in the web consultation itself: adequate protection, bias-free advice and fair treatment, open markets with a variety of competitive and cost-efficient financial
In our view, the Strategy for Retail Investors (the topic of this consultation) and the Capital Markets Union project are strongly interlinked as both share the aim to promote more investments into capital markets by EU households (individual, non-professional investors) in a safe, transparent, and trustworthy environment. As such, we believe that the Strategy for
Annex 2: Individual investor behaviour during the COVID-19 crisis in selected jurisdictions In the first edition of the half-annual report on Trends, Risks, and Vulnerabilities (no. 1, 2021) on EU capital markets, ESMA observed “large increases in stock buying and volume traded by retail investors, a trend confirmed by studies in different countries” such as
Technological innovation is transforming financial services at an unprecedented speed, by facilitating new business models and services and the entrance of new market participants. Covid-19 is accelerating this shift and the digitalisation of financial services. These changes bring a host of opportunities, including the prospect of better financial services for businesses and consumers and greater
BETTER FINANCE welcomes the FCA’s proposal on consumer duty. We consider the general duty of care to be at the core of investor protection in securities markets. In fact, in the BETTER FINANCE report on “Sustainable Value for Money”, BETTER FINANCE and the CFA Institute embarked on a project to analyse what industry and consumer
BETTER FINANCE welcomes this unique initiative from EIOPA as an example of best practice in terms of supervision and investor protection, not only at the EU level but on the global regulatory scene, especially given the architecture of the distribution market for retail investment products. EU savers have been slowly diverted from direct investments towards
It is very welcome that the Commission prepares both a Renewed Sustainable Finance Strategy for July 2021, and an unprecedented, horizontal Retail Investment Strategy for early 2022. This briefing focuses on the retail investment aspects of the Renewed Sustainable Finance Strategy and on the sustainability aspects of the Retail Investment Strategy. It does not aim
In May 2018, The European Parliament called for further developments of reporting requirements in the framework of the Non-Financial Reporting Directive (NFRD). In December 2020, a resolution on Sustainable Corporate Governance has been launched including the commitment to review the NFRD and increase its scope to additional categories of companies. In April 2021, the European
16 juillet 2021 – La population européenne vieillit… Ajoutez à ce constat le fait que les comptes d’épargne des citoyens européens perdent rapidement de leur pouvoir d’achat (avec des taux d’intérêt bancaires inférieurs à l’inflation), et il devient évident que les épargnants doivent chercher des solutions différentes. Vu sous cet angle, l’avenir de la population
7 July 2021 – The European Commission (EC) has adopted a new ‘Strategy for Financing the Transition to a Sustainable Economy‘ or Sustainable Finance Strategy. BETTER FINANCE commends the EC for this important step and fully supports its stated goals, especially the move towards ensuring more and better access for consumers to “transition finance”. It