Six years after MiFID Directive fragmented the European equity markets, private investors still cannot get consolidated pre- and post-trade data. EuroFinUse is very concerned that the EU has and is still losing a lot of time and has not properly evaluated the economic cost of market fragmentation.
EuroFinUse considers the establishment of the International Financial Reporting Standards (IFRS) a milestone in the promotion of harmonised accounting standards not only in Europe but also, ideally, for the United States.
The EU Parliament JURI Committee has voted on 26 April on the new proposals aimed at reforming the audit profession looking to increase audit quality and investor renew confidence in financial reporting. EuroFinUse believes that the approved text will not address the current lack of investors’ confidence in financial statements.
We believe that the initiated consultation with a wide range of stakeholders by the Commission with regards to this Action Plan is a major step in this process. In our response we focused on those specific points which in our opinion have not been accounted for: the lack of response to the problems of cross-border
EuroFinUse strongly opposes the bank crisis approach of holding depositors responsible for bank failures. We therefore welcome the clarification of Mr. Dijsselbloem, president of the Eurogroup, stating that -contrary to his previous declaration- the Eurogroup is not considering the Cypriot bailout as a model for future bailouts of other EU Member States. We however, regret
On 26 March, EuroFinUse, the only organisation dedicated to defend the rights of European financial services users, organised a high-level conference on the audit reform, hosted by British MEP Sajjad Karim, to discuss the proposals linked to audit tenure, non-audit services policy, quality, transparency, pricing as well as those targeting the role of audit committees
A single and stronger organization for European financial services users is born! At the EuroFinUse General Assembly, on 25 March 2013, Jean Berthon was elected as President to head the one and only organization dedicated to defend the rights of financial users. On January 1st 2013, Euroshareholders and EuroFinUse – the two European organizations representing
Read EuroFinUse’s position on the investment fund rules UCITS bonuses for fund managers to be capped among wider investor protection in new draft EU rules.
EuroFinUse praises the Eurogroup statement from late Monday in favor of fully guaranteeing deposits below EUR 100,000. Moreover, we believe bank depositors should not pay for the excesses of the banking industry and or governments. Therefore, depositors should be protected from bearing the bulk of the Cypriot rescue package.
EuroFinUse praises the Eurogroup statement from late Monday in favor of fully guaranteeing deposits below EUR 100,000. Moreover, we believe bank depositors should not pay for the excesses of the banking industry and or governments. Therefore, depositors should be protected from bearing the bulk of the Cypriot rescue package.