BETTER FINANCE raises serious concerns over the current “trialogues” on EU capital market structure and their impact on the retail investment community

  • BETTER FINANCE calls for restricting “dark” capital market venues to REAL Large-in-scale (LIS) trades, i.e., of more than €100k each, to really prevent them from dealing with “retail” orders.
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BETTER FINANCE Answer to the EC open feedback on the review of the Listing Act

BETTER FINANCE response to the European Commission's request for feedback on the review of the Listing Act - making public capital markets more attractive for EU companies and facilitating access ...
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BETTER FINANCE calls on EU legislators to stop helping the expansion of large (mostly non-EU) dark traders and to protect retail investors instead

10 February 2023 | As EU policymakers continue their negotiations on the MiFIR review, BETTER FINANCE is increasingly alarmed that the regulation could severely hurt retail investors, by putting in ...
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Barriers to shareholder engagement | SRD II  Revisited (AGM season 2022)

EXECUTIVE SUMMARY Long-term investor engagement and sustainable corporate governance hampered by antiquated, fragmented and costly processes in the hands of financial intermediaries Despite the great importance the EU attaches to ...
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EU Council set to backtrack on retail investor protection and CMU, contrary to SEC’s US capital markets reforms

On Wednesday 14 December, the United Securities and Exchange Commission (SEC) proposed Regulation Best Execution, seeking to establish a best execution regulatory framework mandating that securities brokers and dealers execute ...
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Council of the EU is the Last Hurdle to Tackling Conflicts of Interests in Retail Investment Services

17 November 2022 – The struggle against conflicts of interests and to deliver an adequate, high level of “retail” investor protection now hinges on the positions of representatives of the ...
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BETTER FINANCE Position Paper on the EU Retail Investment Strategy (executive summary)

The European Federation of investors and Financial Services Users fully supports the clear stated objectives of the European Union’s very welcome “Retail Investor Strategy”. ENSURE A LEVEL PLAYING FIELD IN ...
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Financial Repression | Low ECB Interest Rates & High Inflation generate a Loss of €1 Trillion in Purchasing Power for European Savers in 2022 alone

In a late bid to address soaring inflation in the Euro area, the European Central Bank (ECB) increased interest rates for the first time in 11 years in July 2022, ...
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ESMA Report Confirms BETTER FINANCE Findings of Investor Detriment through “Fixed Fee Splits” in Securities Lending

A report published on Tuesday 31 May 2022 by the European Securities and Markets Authority (ESMA), confirms BETTER FINANCE’s findings that fund managers often don’t seem to act in the ...
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Securities Lending: Income Attribution & Conflicts of Interests in EU Retail Investment Funds

In 2021, the total income generated by securities lending operations globally stood at €7.8 billion, up by 21% compared to 2020. The majority of operations and lenders are outside the ...
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