Date: 10th January 2019

BETTER FINANCE welcomes the latest amendments adopted by the ECON Committee to the reform of the European System of Financial Supervision (including the European Banking Authority (EBA), the European Insurance and Occupational Pension Authority (EIOPA), the European Markets and Securities Authority (ESMA) and the European Systemic Risk Board (ESRB).

This reform of the European Financial Supervisors is long overdue and BETTER FINANCE is very happy to note that consumer and investor protection has finally been taken into account, following years of neglect in favour of “financial stability” by the EU Public Authorities.