BETTER FINANCE published its comments to EIOPA’s Discussion Paper on Conflicts of Interest in direct and intermediated sales of insurance-based investment products (PRIIPs).
BETTER FINANCE published its response to the EC DG TRADE’s public consultation on modalities for investment protection and ISDS in TTIP. Please find it here.
BETTER FINANCE published its review of work carried out by IOSCO.
Gabriel Bernardino, the Chairman of the European Insurance and Occupational Pensions Authority (EIOPA), gave an impassioned and encouraging speech on « EIOPA’s priorities for consumer protection » at the BETTER FINANCE conference in Reykjavik, organised in cooperation with its Icelandic member, the Icelandic Savers Association. Read the press release here.
BETTER FINANCE and other European organisations representing savers and financial users were quite disappointed by today’s «Consumer Protection Day » jointly organised by the three European financial Supervisory Authorities (Securities & Markets, Insurance & Pensions and Banking).
BETTER FINANCE welcomes this informal consultation by OECD and congratulates the OECD Task Force on Financial Consumer Protection, as the “draft effective approaches to support the G20/OECD high-level principles on financial consumer protection” include a lot of excellent recommendations that should enhance the protection of consumers of financial services.
Despite declaring that households are the main source of funds to finance long term investment in the European economy, the majority of MEPs who responded to the Questionnaire on the BETTER FINANCE Manifesto admit that policy makers, in their reformatory zeal, sacrificed the wellbeing of European citizens in their dogmatic quest for a sacrosanct «financial
During a debate on the European Commission’s proposal to amend the Shareholder Rights Directive (SRD) held on the 12th of May in Brussels, Guillaume Prache, Managing Director of BETTER FINANCE, denounced the fees that individual investors often have to pay in order to exercise their voting rights. These fees can be particularly high for cross-border