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Our Research & Policy Aim

As a public interest organisation, BETTER FINANCE is committed to advancing the interests of individual investors and users of financial services throughout the European Union.

Our Goal

Our goal is to promote transparency, long-term value, and consumer protection in financial markets, ensuring that retail investors have a strong voice in policy discussions.

Our Approach

Working collaboratively with our member organisations, BETTER FINANCE undertakes rigorous analysis and research, engages in stakeholder consultations, and solicits expert contributions, resulting in well-informed, data-driven policy recommendations.

This approach ensures that EU financial regulations align with the interests of European citizens.

Explore Our Full Library of Publications

BETTER FINANCE Feedback to the SIU | EU Rules to Foster Market Integration and Efficient Supervision (Master Regulation)

BETTER FINANCE supports the direction of the Master Regulation to integrate EU capital markets, with less cross-border friction and a stronger supervisory architecture. From our perspective, its value should lie ...
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/ Consultations, Capital Markets Union (CMU), Securities Markets & Trading, Supervision & Redress

BETTER FINANCE Feedback to ​​the SIU | EU Rules to Foster Market Integration and Efficient Supervision (Master Directive)​

BETTER FINANCE supports the objectives of the MISP package and broadly welcomes the effort to remove barriers to cross-border activity and liquidity, streamline distribution, and reduce unnecessary intermediation, while preserving ...
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/ Consultations, Capital Markets Union (CMU), Securities Markets & Trading, Supervision & Redress

BETTER FINANCE Responds to European Commission on the Draft Delegated Directive amending MiFID II on Rules on Payment for Research and Execution Services

​​The European Commission is setting forth its delegated act that specifies new governance and transparency requirements for investment firms choosing between two distinct research payment models. These rules enact a choice: firms may continue to ...
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/ Consultations, Capital Markets (equity & bonds), Securities Markets & Trading

Neobrokers & Securities Lending : Extra Income or Hidden Trade-offs for Investors?

Executive Summary By prioritising app-based onboarding, frictionless trading and low entry thresholds, neobrokers have broadened retail engagement, and especially among younger and first-time investors. They also expand access to asset ...
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/ Research papers, Securities Markets & Trading

When Companies Leave the Market | Strengthening Investor Protection in Europe’s Delisting Landscape

Listing and delisting are the entry and exit doors of public equity markets, yet only the former has meaningfully shaped EU policymaking. Recent reforms — most notably the 2024 Listing Act — focused on ...
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/ Research papers, Capital Markets (equity & bonds), Capital Markets Union (CMU), Securities Markets & Trading, Shareholder Rights & Corporate Governance

Consultation Response on the Integration of EU Capital Markets​

BETTER FINANCE Responds to the ​​European Commission’s Targeted Consultation on the Integration of EU Capital Markets​ ​​BETTER FINANCE welcomes the comprehensive examination that the European Commission is undertaking of the ...
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/ Consultations, Capital Markets (equity & bonds), Capital Markets Union (CMU), Retail Investment Strategy, Securities Markets & Trading

A Review of SRD II Failures and Policy Fixes Proposals

When shareholder engagement is not treated as an enforceable ownership right, citizens are effectively denied a channel to shape the social and economic impact of listed companies, thus undermining shareholder ...
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/ Research papers, Capital Markets Union (CMU), Retail Investment Strategy, Securities Markets & Trading, Shareholder Rights & Corporate Governance

Consultation Response on Draft ITS on Alleviated Insider Lists

​​BETTER FINANCE Responds to Consultation Paper on the Draft Implementing Technical Standards on the Extension of the Use of the Alleviated Format of Insider Lists​  ​​​The European Commission argues that ...
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/ Consultations, Securities Markets & Trading, Shareholder Rights & Corporate Governance, Supervision & Redress

Response to ESMA Consultation on the Guidelines on Prospectus Supplements

BETTER FINANCE Responds to ESMA Public Consultation on the Guidelines on Supplements Which Introduce New Securities to a Base Prospectus BETTER FINANCE welcomes ESMA's initiative to clarify when a supplement ...
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/ Consultations, Securities Markets & Trading

Neobrokers – Trading Fractions Reinventing Retail Ownership and Challenging Regulation

A BETTER FINANCE Focused Paper on Fractional Investing The rapid expansion of neobrokers across the European Union has fundamentally reshaped the retail investment landscape by introducing mobile-first, low-cost platforms characterised ...
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/ Research papers, FinTech, Retail Investment Strategy, Securities Markets & Trading

For timely updates on our advocacy and regulatory positions, consult our press releases

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