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A European perspective on overindebtedness

A new policy paper from Bruegel - "A European perspective on overindebtedness" Autors: Nicolas Véron and Jeromin Zettelmeyer "The euro-area crisis, which nearly destroyed Europe’s Economic and Monetary Union (EMU) in 2011-12, was a result of perverse incentives and inadequate institutions. The perverse incentives included excessive implicit national guarantees of domestic banks, and a lack [...]

By | October 5th, 2017|Hot Topics, Reading Room, We Disseminate|Comments Off on A European perspective on overindebtedness

REGISTER NOW! Big data and fintech: a solution to financial exclusion?

Big data and fintech: a solution to financial exclusion? Conference 17th October 2017, Brussels, co-organised by BEUC-ECRI-EFIN Place du Congrès, 1 – 1000 Brussels The conference will explore, from the perspective of financial inclusion, the potential risks and benefits of big data and fintech for citizens. The underlying question is whether regulators should take action [...]

By | October 3rd, 2017|Events, Hot Topics, We Disseminate|Comments Off on REGISTER NOW! Big data and fintech: a solution to financial exclusion?

Attempt to reform EU financial supervisory agencies keeps consumer protection sidelined

BEUC - PRESS STATEMENT - 20.09.2017 "The European Commission has today proposed a weak reform of the agencies1 that supervise financial services at European level. It is bewildering that the proposal still limits the agencies’ role in protecting consumers, which is mostly devolved to national level where protection standards vary enormously. The reform means the [...]

By | September 20th, 2017|Hot Topics, We Disseminate|Comments Off on Attempt to reform EU financial supervisory agencies keeps consumer protection sidelined

EBA launches consultation on significant risk transfer in securitisation

19 September 2017 The European Banking Authority (EBA) launched today a public consultation on its discussion paper on significant risk transfer in securitisation. This work builds on the EBA's monitoring activity of supervisory practices in the area of significant risk transfer, which the Authority started in 2014 with the publication of the EBA Guidelines on [...]

By | September 20th, 2017|Hot Topics, We Disseminate|Comments Off on EBA launches consultation on significant risk transfer in securitisation

Unsatisfactory President JUNCKER’S State of the Union Address 2017

Inclusive Europe, where are you ? A short wording check of President Juncker's address shows how poor and empty the social vision of Europe is. End of the introduction, ones can read " Now is the time to build a more united, stronger and more democratic Europe for 2025." Well well, nice idea, but no [...]

By | September 19th, 2017|Hot Topics, Non classé, Reading Room|Comments Off on Unsatisfactory President JUNCKER’S State of the Union Address 2017

The danger of driving both illicit markets and financial exclusion

Interesting position paper from FATF : The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.  The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats [...]

By | September 18th, 2017|Hot Topics, Reading Room, We Disseminate|Comments Off on The danger of driving both illicit markets and financial exclusion

Case Study: Fintech and the Financial Exploitation of Customer Data

When vulnerable people might not benefit from Fintech and Bigdata : ...We invite you to access the following link , from Privacy International Extract:  "Financial services are collecting and exploiting increasing amounts of data about our behaviour, interests, networks, and personalities to make financial judgements about us, like our creditworthiness. Increasingly, financial services such as [...]

By | September 5th, 2017|Hot Topics, Reading Room|Comments Off on Case Study: Fintech and the Financial Exploitation of Customer Data

SAVE THE DATE – 17 Oct – Bigdata-Fintech & Financial exclusion

Conference 17th October 2017, Brussels, co-organised by ECRI-EFIN-BEUC Place du Congrès, 1 – 1000 Brussels The aim of the conference is to explore both the potential risks and the potential benefits for everyone in society of major innovations in financial services products and delivery systems. The underlying question is whether the regulator should act in [...]

By | August 7th, 2017|Events, Hot Topics, We Disseminate|Comments Off on SAVE THE DATE – 17 Oct – Bigdata-Fintech & Financial exclusion

Austria: a new regulation on personal bankruptcy !

Austria: a new regulation on personal bankruptcy ! - Information from ASB Schuldnerberatungen GmbH The personal bankruptcy procedure was amended in June 2017 in the Austrian Parliament and will become legally effective in November 2017. Personal bankruptcy is a form of judicial repayment proceedings that were established in 1995 and include a set of procedures [...]

By | July 24th, 2017|Hot Topics, Reading Room, We Disseminate|Comments Off on Austria: a new regulation on personal bankruptcy !

MFC Barometer survey: Have your say!

Please take part in our annual barometer survey and let us know about your experience using EU programs and instruments, as well as about over-indebtedness issues in your country. Find out more here>

By | July 24th, 2017|Hot Topics|Comments Off on MFC Barometer survey: Have your say!