In a letter to BETTER FINANCE, Commissioner McGuinness reconfirmed her commitment to the key objectives of the Retail Investor Strategy. BETTER FINANCE is also encouraged to read that Ms McGuinness reemphasises the clear and very appropriate objectives of the Retail Investor Strategy as spelled out in the European Commission’s September 2020 CMU Action Plan: Coherent
On 27 July 2022 BETTER FINANCE wrote to Commissioner McGuinness to stress the importance of individual investors’ access to bias-free advice for the success of the Capital Markets Union and investor protection. In its letter BETTER FINANCE proposes a staggered approach as follows: Harmonising EU investor protection rules across all EU retail investment product sectors
On 3 June 2021 BETTER FINANCE wrote to Commissioner McGuinnes on behalf of the EU citizens who act or could act as individual non-professional (called “retail” in MiFID) investors with regard to the European Commission’s projects on consolidated tape (“CT”) and the impact assessment to be finalized soon. BETTER FINANCE appreciates the firm stand by
On 22 April at the BETTER FINANCE’s international conference, high-level speakers and over 350 registered participants debated “How to make the EU Capital Markets Union (‘CMU’) work for people?”. For the CMU to succeed, putting equities back at the heart of the EU economy funding and reducing the reliance on bank funding, European citizens and
MEP Mairead McGuinness from the Irish Party Fine Gael has been appointed commissioner for financial services, stability and capital markets union as Ireland loses the key trade portfolio following the resignation of Phil Hogan, a fellow Fine Gael polititian. At a press briefing on Tuesday this week, the president from the European Commission Ursula von der
We, the undersigned organisations, would like to congratulate you for the very important announcement made during several recent online events, that the Commission will propose legislation in 2021 on both corporate due diligence and directors’ duties as part of your initiative on sustainable corporate governance, taking into account ongoing national-level mandatory due diligence developments. We
BETTER FINANCE believes that the CMU is about attracting household savings to put them to work for the long term financing of the European economy. Therefore, we invited several high-level speakers to share their views and discuss the concept of this initiative at our international conference on the 6th of May. In his speech, Commissioner
In his Keynote speech at Bruegel on the Call for Evidence: "The impact of the EU regulatory framework for financial services", Commissioner Jonathan Hill, discusses his legacy and the future of EU regulations on financial services. Please read the full article here
BETTER FINANCE sent a letter to Lord Jonathan Hill, Commissioner for Financial Stability, Financial Services and Capital Markets Union, expressing its concerns on the upcoming Capital Markets Union Action Plan and the involvement of retail investors in this initiative. In recent official speeches, European Commission representatives have focused exclusively on the five priorities for the short term already listed in the CMU
BETTER FINANCE believes that the CMU is about attracting household savings to put them to work for the long term financing of the European economy. Therefore, we invited several high-level speakers to share their views and discuss the concept of this initiative at our international conference on the 6th of May. In his speech, Commissioner
A recent survey conducted by BETTER FINANCE and DSW among 3000 investors across the EU found that withholding tax (WHT) refund procedures are cumbersome and costly, making it difficult or financially unreasonable for non-professional investors to reclaim excess withholding tax on cross-border dividend income. More than 90% of European investors find the WHT reclaim procedure