Brussels, 7 April 2020 – The continued spread of the COVID-19 virus around the world and the emergency confinement measures have severely disrupted capital markets. EU Citizens in their capacity as investors and savers are already feeling the squeeze and will be among the first in line to suffer from the economic and financial fallout
[…] The undersigned associations are writing to emphasise the importance of keeping the European financial markets open during this extraordinary time of the COVID-19 health crisis. Financial markets are critical infrastructure for the European economy. The markets continue to serve the needs of participants to raise capital, manage investments, access cash and manage risk that
Digitalisation and new technologies are significantly transforming the European financial system and the way it provides financial services to Europe’s businesses and citizens. Key areas of reflection include deepening the Single Market for digital financial services, promoting a data-driven financial sector in the EU while addressing its risks and ensuring a true level playing field,
BETTER FINANCE congratulates the Norwegian Consumer Council (NCC) on its historic collective redress victory in the name of individual fund investors in Europe. On Friday 28 February, the Supreme Court of Norway unanimously upheld the 2019 decision of the Oslo Court of Appeals obliging DNB ASA, Norway’s largest financial services group, to pay back the
This document represents the stylised version of BETTER FINANCE’s response to the EIOPA Public Consultation on implementing measures (level 2) for the pan-European Personal Pension (PEPP) Regulation. The actual response template can be found here. Executive Summary General approach and review BETTER FINANCE welcomes the holistic approach adopted by EIOPA and agrees with the working
BETTER FINANCE’s member organisation (and experts) from the Slovak Institute of Savings and Investments have developped a Technical Working Paper on key aspects for the PEPP: how to estimate pension projections (for the PEPP KID and Benefit Statement) and how to design the PEPP Benefit Statement so that it is useful and attractive for savers.
BETTER FINANCE published its Position Paper on the implementing measures (level 2) for the Pan-European Personal Pension (PEPP) product. These measures will be based on the Regulatory Technical Standards (RTS) submitted by the European Insurance and Occupational Pensions Authority (EIOPA) to the European Commission following a period of public consultations. EXECUTIVE SUMMARY PEPP Key Information
The new President of the European Commission refers to the European Green Deal as “Europe’s man-on-moon moment”. BETTER FINANCE strongly supports the Green Deal, the most important shift in European energy policy we have seen in the last two decades. But since the devil is in the detail, it raises the question whether the proposed
Back in November 2017, we formed an Alliance to voice our disappointment with the European Commission’s proposal for the review of the European Supervisory Authorities (ESAs), and to make proposals to remedy the situation. The Alliance reiterated its main issues in a joint statement in July 2018 following the report on the review by the
Brussels, 21 January 2019 – Back in 2013, BETTER FINANCE clearly expressed its support for a European Financial Transaction Tax (FTT) and its main stated objective “[of ensuring] that financial institutions make a fair and substantial contribution to covering the costs of the recent crisis… and to ring-fence the real economy, SMEs, households, etc.”. At