Categorie: ENGLISH AREA

European Robo Advice Market fails to take off, despite showing Promise for Individual Investors

BETTER FINANCE publishes the fifth annual edition of its research into Robo Advisors following mystery-shopping covering 13 Europe-based platforms and 4 non-European ones. The Robo Advice sector continues to grow and is well-placed to provide a range of benefits for individual investors, such as considerably lower fees, better accessibility and

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

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

Stakeholders and authorities show faith in European Personal Pension (Pepp)

PEPP only called into question by finance industry due to high costs for intermediaries 22 September 2020 – The latest draft of the Pan-European Personal Pension (PEPP) delegated (level 2) regulation was up for discussion last Friday during a broad and well-attended conference on the issue of PEPP and Financial

EU Citizens as Users sidelined in favour of Financial Industry in European Financial Policymaking and Supervision

Brussels, 20 July 2020 – The new composition of the European Supervisory Authorities’ (ESAs) “Stakeholder Groups” is a step backwards with regard to a balanced representation between industry and consumers in EU financial rulemaking. This is the result of the recent ESAs reform, which reduced the quotas for consumers and

Major success for financial services users: European Commission rejected the delay of the implementation of the new Shareholder Rights

Brussels, 4 June 2020 – On 29 April 2020 the heads of European and Member State organisations representing individual shareholders across Europe sent an Open Letter to the European Commission (EC) opposing lobbying attempts led by powerful financial intermediaries to postpone the implementation of the Shareholder Rights Directive II (SRD

Open Letter to the European Commission – EU Investors against any postponement of the implementation of the Shareholder Rights

The heads of European and Member State organisations representing individual shareholders across Europe sent an Open Letter to the European Commission opposing lobbying attempts by powerful financial intermediaries to postpone the implementation of the Shareholder Rights Directive II. BETTER FINANCE, Asociata Utilizatorilor Romani de Servicii Financiare (AURSF), Associacao dos Investidores