Europe has made limited progress with its capital markets union, and decision-makers must do more to protect people’s right in the space, the advocacy group Better Finance said in a report looking ahead to today’s conference of the Federation of European Securities Exchanges.
“BETTER FINANCE believes that the CMU initiative provides the ideal opportunity to return capital markets to their natural participants,” the report said, “with households desperately looking for positive real returns on their long-term and pension savings in an environment of ever lower interest rates, high and opaque fees, complex investment products and financial repression.”