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Cross-border payments: Missed opportunity to put a cap on money-transfer fees and help tackle inequality worldwide

Cross-border payments: Missed opportunity to put a cap on money-transfer fees and help tackle inequality worldwide Finance-Watch press release Brussels, 28 March 2018 - Finance Watch welcomes today’s proposals by the European Commission that would make cross-border payments cheaper within the EU and better inform users of dynamic currency conversion services. Choosing not to cover [...]

By | April 1st, 2018|Hot Topics, Non classé, Reading Room, We Advocate, We Disseminate|Comments Off on Cross-border payments: Missed opportunity to put a cap on money-transfer fees and help tackle inequality worldwide

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

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

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

Financial inclusion and new means of payment

Qualitative review in five European countries - May 2013 Study commissioned by EUFFI, the European Foundation for Financial Inclusion General report author: Olivier Jérusalmy, Réseau Financement Alternatif/EFIN Reviewer: Annika Cayrol, Réseau Financement Alternatif National report authors: France: Georges Gloukoviezoff / EFIN Italy: Elisabeth Aro / EFIN Poland: Ewa Janikowska / EFIN Sweden: Richard Alström / [...]

By | September 18th, 2017|Reading Room, We Research|Comments Off on Financial inclusion and new means of payment

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