Etichetă: press release

European savers are set to lose hundreds of billions of euros in purchasing power in 2022 alone

Date: 2nd May 2022 Author: BETTER FINANCE Type: Press Releases 21 April 2022 | Financial repression poses a major problem for the protection of savers: policymakers must act and stop using savers’ cognitive biases to their detriment. Facts | On average, over the last 30 years, annual increases in consumer

Commissioner McGuinness: “Putting people at the heart of the financial system is part of my vision”

On 22 April at the BETTER FINANCE’s international conference, high-level speakers and over 350 registered participants debated “How to make the EU Capital Markets Union (‘CMU’) work for people?”. For the CMU to succeed, putting equities back at the heart of the EU economy funding and reducing the reliance on

Capital Markets Union at Risk as European “Retail” Investors have less and less access to Equity Market Data

Access to equity market data is essential for “retail” investors to make informed investment decisions. However, new research by BETTER FINANCE[1] found that the equity market data published by the four largest EU equity markets (in 2019, according to ESMA) on their websites are either totally or partially[2] de facto

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

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