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EU Commission and Reduction of Non Performing Loans: consumer protection in danger

EU Commission and Reduction of Non Performing Loans: consumer protection in danger On the 18 January 2018, the European Commission published a progress report on the reduction of non-performing loans (NPL). As background to that report,  it is worth reading a recent article in Harvard Politics, which gives an attractive overview of some of the [...]

By | February 11th, 2018|Hot Topics, Reading Room, We Disseminate|Comments Off on EU Commission and Reduction of Non Performing Loans: consumer protection in danger

Ethical and sustainable finance

Many readers will know that the European Commission has launched a “European Financial Reform Agenda”. In that framework, an expert group issued a first interim report in July 2017, and a second report is expected this month, December 2017: https://ec.europa.eu/info/sites/info/files/170713-sustainable-finance-report_en.pdf What is sustainable finance? The interim report suggests an attractive definition: “sustainable finance refers to [...]

By | December 19th, 2017|Hot Topics, Reading Room|Comments Off on Ethical and sustainable finance

UK Financial Regulation and the challenge of Brexit

Robert Shotton December 2017 The UK Trades Union Congress (TUC) has published an “Economic and Social Audit of the “City” - the UK's financial sector, authored by Mick McAteer. It asks whether the City, which is so central to the UK economy, is working effectively to support the real economy, and more particularly, for the [...]

By | December 19th, 2017|Hot Topics, Reading Room|Comments Off on UK Financial Regulation and the challenge of Brexit

EU report of financial crisis impact… Chapter 7 includes Financial inclusion issues

The EU Commission (DG Financial Stability) issued a significant report on " Coping with the international financial crisis at the national level in a European context. Click here to access the report. Available since November 2017, the report provide an Impact and financial sector policy responses in 2008-2015. Among different interesting chapter, we point out [...]

By | December 6th, 2017|Hot Topics, Reading Room|Comments Off on EU report of financial crisis impact… Chapter 7 includes Financial inclusion issues

Proposal for the EU financial supervisory reform – Open letter

Last September the European Commission published its proposal for the review of the European Supervisory Authorities (EBA, ESMA and EIOPA – ESAs). The aim is to reform the ESAs’ mandate, governance and funding to underpin the Capital Markets Union, the EU’s flagship project in the area of investments. BEUC, Better Finance, Finance Watch, AGE Platform [...]

By | November 29th, 2017|Hot Topics, We Advocate|Comments Off on Proposal for the EU financial supervisory reform – Open letter

COFACE Expert meeting on the Danish Mortgage Model

COFACE Expert meeting on the Danish Mortgage Model (click here to access Coface website) Joint meeting between COFACE Families Europe and Finans Danmark: “Social Policy & Mortgage Lending – The Danish Mortgage Model in a European perspective” Copenhagen; Thursday 9th & Friday 10th November 2017 Meeting documents: Introduction to the Danish Mortgage Model and how [...]

By | November 29th, 2017|Events, Hot Topics, We Disseminate|Comments Off on COFACE Expert meeting on the Danish Mortgage Model

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