BETTER FINANCE welcomes the update of the non-binding guidelines on non-financial reporting as a crucial step toward achieving the Paris agreement and the Sustainable Development goals by reorienting capital flows to support a long-term sustainable and just economy. However, it also expresses some doubts about the effectiveness of these requirements due to their not binding nature
BETTER FINANCE provided feedback to the European Commission’s ongoing work to develop the taxonomy as part of the action plan on financing sustainable growth.
BETTER FINANCE provided feedback to the European Commission’s ongoing work to develop the taxonomy as part of the action plan on financing sustainable growth.
We are writing to express serious concerns over the Council of the EU proposal for reforming the European Supervisory Authorities (ESAs) and urge you to grant them real power related to consumer protection. The ESAs are at the heart of the European System of Financial Supervision, which should help to ensure that EU citizens are
As part of the measures on sustainable finance, the EC requested EIOPA and ESMA to develop technical advice for integrating sustainability factors into the general provisions laying down organisational requirements and product governance rules for investment and insurance firms in MiFID II and IDD Level 2 legislation, as well as for the suitability assessment. This
The European Commission (EC) engaged in a project of overhauling the EU financial framework in line with the actions identified in the “Action Plan: Financing a Sustainable Growth”. The project consists of a package of measures (amendments to existing legislative and non-legislative acts; adoption of delegated acts) in order to increase transparency and disclosure of
BETTER FINANCE fully supports the Youth for Climate March and stronger public policy for the environment. We believe that it is primarily through public policies addressing negative environmental “externalities” that we have a better chance to save this planet. In this context, investors, of course, have to do their part, but this cannot replace effective
With a global pension gap forecasted to mushroom to $400 trillion by 2050 and income replacement rates decreasing, EU citizens are increasingly asked to rely on personal pension products to complement the insufficient government-sponsored mandatory and occupational pension plans. Unfortunately, independent research by BETTER FINANCE into the real net returns of European pension savings has
12 February 2019 – BETTER FINANCE welcomes the final report of the European Supervisory Authorities’ Joint Committee (ESAs JC) to the European Commission (EC) on targeted amendments to the PRIIPs Level 2 legislation. These proposals fall in line with some of BETTER FINANCE’s positions, but unfortunately, do not solve the most important issues.
BETTER FINANCE welcomes the report from ESMA on the cost and performance of retail financial investment products in the EU that provides an initial mapping of the current state of the market concerning UCITS, AIFs and structured retail products (SRPs). This annual statistical report complements the other valuable research releases by ESMA – i.e. the