Categorie: ENGLISH AREA

Insurance Distribution Directive: Bund der Versicherten and BETTER FINANCE denounce the erosion of consumer protection rules

Date: 22nd August 2017 In 2016, the European Commission adopted the Insurance Distribution Directive (IDD) widening the Insurance Mediation Directive’s (IMD) scope with the aim of increasing transparency of price and costs of insurance products. The new directive introduces a simple, standardized insurance product information document (IPID) which provides clearer

Banco Popular’s rescue: The First Pancake ? Individual shareholders launch legal actions against European and national authorities

Date: 9th August 2017 Saving Banco Popular… On the 7th of June, the European Commission approved the rules for the rescue plan of Banco Popular proposed by the Single Resolution Board under the EU bank recovery and resolution directive. The Bank was sold to Santander for a symbolic €1. The

Double Taxation of dividends: the Belgian judge imposes the application of the International Convention preventing double taxation between France and Belgium

Date: 19th July 2017 According to a Belgian law passed in 1980, only professionals can benefit from a tax deduction. An individual shareholder of a foreign company will first be taxed abroad on his financial assets and will then be taxed in Belgium. In its ruling handed down by the

Public Hearing on Sustainable Finance „Sustainable finance products sold to savers and retail investors must comply with EU rules on fair, clear and not misleading information”

Date: 18th July 2017 Guillaume Prache, Managing Director of BETTER FINANCE spoke this morning at the Public Hearing on Sustainable Finance. He reminded that EU savers and individual investors are mostly long-term oriented (much more than institutional investors) and represent the main source of the long-term funding of the EU