An: 2018

Date: 1st August 2018 Author: BETTER FINANCE The European Securities and Markets Authority (ESMA) initiated a peer review and published a report that found that six national competent authorities (NCAs) need to enhance their supervision of Undertakings for Collective Investments in Transferable Securities (UCITS) operating with Efficient Portfolio Management Techniques

Date: 30th July 2018 Author: BETTER FINANCE On the 13th of July the Dutch Court of Appeal endorsed the agreement between Ageas, the legal heir of Fortis, and the organisations representing the abused shareholders. A deal has been reached ten years after the dismantling of Fortis, with a sum of

Date: 30th July 2018 Author: BETTER FINANCE In June 2018 the ECON committee of the European Parliament published a study titled “Subordinated Debt and Self-placement: Mis-selling of Financial Products”. After five years of very diverse interpretations and applications of so-called “burden sharing” in bank recovery and resolution, also known as

Date: 20th July 2018 Author: BETTER FINANCE On 17 July EIOPA, the European Insurance and Occupational Pensions Authority announced the new composition of its two “stakeholder groups”: the Insurance and Reinsurance one (IRSG), and the Occupational Pensions one (OPSG). BETTER FINANCE thanks and congratulates EIOPA for successfully “seeking to strengthen

Date: 19th July 2018 Author: BETTER FINANCE BETTER FINANCE welcomes the recent opinions of the Committee on Employment and Social Affairs (EMPL) and the Committee on Internal Market and Consumer Protection (IMCO) on the proposed “PEPP” EU Regulation, but remains concerned regarding the recent developments at the European Parliament and

Date: 5th July 2018 Author: BETTER FINANCE With fewer individual investors investing directly in equities and bonds and households being sold packaged products instead, the products EU citizens invest in are becoming increasingly complex. As a result people struggle to understand and to trust the financial products they are invested

Date: 29th June 2018 Author: BETTER FINANCE On Thursday 28 June, the European fund and asset management industry body issued a press release stressing the worrying shortcomings of the rules governing the Key Information Documents (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs). This follows the publication of its