Closet Indexing Study – Annex 1.B. – No Reported Benchmark 147 funds

ANNEX 1B BETTER FINANCE helps investors identify potential falsely active funds (“closet indexers”), and asks regulators to investigate further: It replicated the ESMA study on closet indexing and identified up ...
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Closet Indexing Study – Annex 1.A. – All Funds – 2332 funds

ANNEX 1A BETTER FINANCE helps investors identify potential falsely active funds (“closet indexers”), and asks regulators to investigate further: It replicated the ESMA study on closet indexing and identified up ...
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Response to MEP Sven Giegold’s Consultation on Mis-selling of Products

BETTER FINANCE of course shares the view of MEP Sven Giegold that financial markets must serve consumers and end-users, and welcomes the European Parliament’s ECON Committee focus on the mis-selling ...
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IMPROVEMENT EU BANKING SUPERVISORY TRANSPARENCY ABSOLUTE NECESSITY IN LIGHT OF BAIL-IN RULES

A report by Bruegel on transparency in the European Banking Union, based on a survey carried out in 2013, has recently been revisited by its authors, analysing the most recent ...
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ARE ALL BANK INVESTORS TREATED EQUALLY BY EU MEMBER STATES?

The first bail-in under new European rules has taken place. A little more than a week ago Heta Asset Resolution’s bondholders had no choice but to take their losses, as ...
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SPANISH MORTGAGE BORROWERS CELEBRATE LANDMARK VICTORY OVER 101 BANKS

BETTER FINANCE’s Spanish member organisation ADICAE is celebrating a historic victory against 101 banks in what has been the biggest class action Spain has ever seen ...
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DUTCH-BASED COLLECTIVE REDRESS TO HELP ABUSED VOLKSWAGEN INVESTORS

BETTER FINANCE, the European Federation of Investors and Financial Services Users, has committed to support the Stichting (Foundation) Volkswagen Investors Claim in pursuing recovery for investors who suffered investment losses ...
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EU Authorities must disclose the falsely active funds (“closet indexers”) they identified

On 11 February 2016 BETTER FINANCE sent an open letter to the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) and to the Commissioner for Financial ...
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Stop the Wipe-Out of Slovenian Bank Bonds, Mis-sold to Investors

In December 2013 the subordinated bondholders in five Slovenian banks (NLB, NKBM, Abanka, Probanka and Factor Banka) were bailed-in to refinance these struggling institutions. Subordinated bonds in a sixth bank ...
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Letter to the EC and Government of Slovenia regarding the bail-in of subordinated bondholders

In December 2013 the subordinated bondholders in five Slovenian banks (NLB, NKBM, Abanka, Probanka and Factor Banka) were bailed-in to refinance these struggling institutions. Subordinated bonds in a sixth bank ...
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