Ensure a Level Playing Field for ELTIFs to Take Off

16 December 2020 – With merely 22 active funds, of which just a handful are marketed and distributed to individual, non-professional (“retail”) investors, the EU Long-Term Investment Funds (ELTIF) market is still struggling to develop more than five years after the adoption of its Regulation. The uptake of ELTIFs by investors is hampered by similar but more attractive domestic labels,

SAL-Fin interactioneaza cu consumatorii pe Facebook

Entitatea de solutionare alternativa a litigiilor din zona asigurarilor, pietei de capital si pensiilor administrate privat (SAL-Fin) a lansat recent propria pagina de Facebook, care poate fi accesata folosind urmatorul link: https://www.facebook.com/SAL-FIN-107691301114852 In 2020, pana in prezent, 1.000 de persoane au apelat în acest an la SAL-Fin. pentru a-si rezolva disputele cu firmele de asigurare. Procentul hotararilor pronuntate in favoarea

Public Letter to the European Parliament’s ECON Committee: Harm Done to EU citizens

6th November 2020 – BETTER FINANCE We welcome the EC’s initiative to alleviate some regulatory requirements enabling EU capital markets’ potential to boost recovery from the COVID-19 induced economic downturn. However, we wish to warn about the long-term detrimental effects that several provisions and amendments will have on “retail” investor protection if done in “haste” and without proper scrutiny and

Wirecard abuse review by ESMA: conflicts of interests in national financial supervision and need for collective redress

3 November 2020 – BETTER FINANCE thanks the European Securities and Markets Authority (ESMA) for its “peer review” report on the Wirecard scandal. It is quite revealing of the many failures and conflicts of interests that can plague even the most resourced national financial supervisors. It is unfortunate however that ESMA did not look into the handling by the national

AURSF pledeaza cauza utilizatorilor romani de servicii financiare la BANKING FORUM ONLINE

Pe 8 octombrie 2020, a avut loc evenimentul BANKING FORUM ONLINE, organizat de publicatia online Financial Intelligence, care a reunit un numar important de bancheri, oficiali guvernamentali, reprezentanti ai mediului academic, etc. Ca masura de preventie a raspandirii virusului COVID-19, evenimentul s-a desfasurat in mediul online. Singurul vorbitor care a pledat in cadrul evenimentului cauza consumatorilor utilizatori de servicii financiare

Better Finance: European Commission releases watered down Capital Markets Union (CMU) Action Plan

24 September 2020 – The European Commission’s (EC) Directorate-General for Financial Services, Financial Stability and Capital Markets Union (DG FISMA) published a third action plan to build a Capital Markets Union (CMU) – this time for “people and businesses” – which sets 16 policy and regulatory objectives in order to “finally complete the Capital Markets Union”. [The CMU Action Plan