Individual European investors and consumers are in danger of losing out as Regulations from Brussels aimed at protecting their interests are facing indefinite delay and drastic dilution.
In order to present a united front on behalf of the hundreds of millions of European consumers and individual investors and draw attention to the serious threats KID Regulation faces from within the European Parliament itself, EuroFinUse joined forces with Finance Watch and BEUC (the European Consumer Organisation). To this end a letter was sent
EuroFinUse responded to the Autorité des Marchés Financiers (AMF) and the French Prudential Supervision and Resolution Authority (ACPR) public consultation on Crowdfunding. EuroFinUse believes the increasing popularity of Crowdfunding represents a real opportunity for European investors. We do have a clear preference though for regulation of the Crowdfunding market to happen at European level since
Please find here EuroFinUse’s position paper (in French).
The Regulation for a Key Information Document (KID) for Investment Products faces serious threats from within the European Parliament itself. The stalled financial package concerns a simple information document that would have to be provided to potential customers by financial services, at the time of sale. The package is in danger of indefinite delay as
For the first time Financial Repression was the topic of an international conference organised in Vienna, attended by prominent authorities from the world of finance.
The Economic and Monetary Affairs of the European Parliament (ECON) voted yesterday on the Regulation for a Key Information Document for investment products (formerly known as “PRIPs”). EuroFinUse praises the European Parliament for voting for more consistency in summary information for investors, but is quite concerned that a majority of the critical long term and
On October 18, EuroFinUse and the Austrian Shareholder Association (IVA) held an international conference on “The Financial Repression of Savers and Investors”, in Vienna. International authorities from the private and public sectors discussed the alleged inevitability of Financial Repression and proposed solutions to face this issue. The event held at the Vienna Insurance Group was
On Friday 4 October 2013 EIOPA announced the appointment of the members of their stakeholder groups. Whilst reserving judgement until more information is available, EuroFinUse is cautiously optimistic about the new composition, although much could still be improved.
EuroFinUse has welcomed the draft report by Philippe Maystadt on “Should IFRS Standards Be More European?”. We believe the draft provides a good analysis of the current situation and a realistic range of options to address the current problems of representation of European interests into the IFRS setting.