The EU Commission intends to update the current Consumer Agenda (2012), which expires in 2020, to address the role of consumers in the post-crisis economic recovery, as expressed in the EU’s recovery plan adopted on 27 May 2020. BETTER FINANCE welcomes the roadmap on the New Consumer Agenda, which identifies a number of challenges and issues
BETTER FINANCE – one of the only two individual user side members of the European Commission’s “High Level Forum on the CMU” – firmly advocates for a Capital Markets Union (CMU) that “Works for people” and focuses on EU citizens as – by far – the largest source of long-term, sustainable funding for the real
BETTER FINANCE welcomes the ECON’s legislative own-initiative report on Digital Finance to assess the regulatory and supervisory challenges on the digital financial market in order to guarantee a resilient digital financial system. BETTER FINANCE believes that the EC should attempt to better coordinate the parallel consultations (Mifid II, Digital Finance Strategy, Sustainable finance Strategy) –
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 Banking Union initiative has reduced the number and magnitude of bank failures and the recourse to taxpayers’ money. However, up to now, it has been focused on prudential objectives, not on citizens as banking users’ protection. This has too often generated significant detriment to consumers of banking services.
BETTER FINANCE has long advocated for an EU-wide collective redress mechanism for all financial services users, including small and individual shareholders or employee shareholders, and provided support to consumer organisations in collective redress schemes in the field of financial services (such as Fortis, Volkswagen AG). BETTER FINANCE welcomes the European Commission’s (EC) proposal for a
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
BETTER FINANCE commented on the current legislative framework on public reporting of companies. As a representative of individual investors and financial services users in Europe, BETTER FINANCE focused its feedback on the financial reporting framework for listed companies and for banks and insurance companies.
BETTER FINANCE commented on the current legislative framework on public reporting of companies. As a representative of individual investors and financial services users in Europe, BETTER FINANCE focused its feedback on the financial reporting framework for listed companies and for banks and insurance companies.
Back in November 2017, BETTER FINANCE formed an Alliance together with the other major EU public interest organisations working on financial services to voice their disappointment with the European Commission’s proposal for the review of the European Supervisory Authorities (ESAs), and make proposals to remedy the situation.