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Commission proposes new approach to business insolvency in Europe: promoting early restructuring to support growth and protect jobs

On 22 November 2016 - Commission has adopted its proposal for a Directive on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures. A copy of the proposal can be found HERE The proposal will be now negociated with the Member States and the EU Parliament: EFIN [...]

By | November 27th, 2016|Hot Topics, Reading Room, We Advocate|Comments Off on Commission proposes new approach to business insolvency in Europe: promoting early restructuring to support growth and protect jobs

Finance Watch response to the European Commission’s consultation on the “Green paper on retail financial services: Better products, more choice, and greater opportunities for consumers and businesses”

2016 - Finance Watch response to the European Commission’s consultation on the “Green paper on retail financial services: Better products, more choice, and greater opportunities for consumers and businesses” Key points include: We support the green paper's objectives of harmonising consumer protection and lowering prices for consumers. However, the scope of the initiative should be [...]

By | October 6th, 2016|Reading Room|Comments Off on Finance Watch response to the European Commission’s consultation on the “Green paper on retail financial services: Better products, more choice, and greater opportunities for consumers and businesses”

BEUC RESPONSE to European Banking Authority Discussion Paper on future draft Regulatory Technical Standards on strong customer authentication and secure communication under the revised Payment Services Directive

2016 - BEUC RESPONSE to European Banking Authority Discussion Paper on future draft Regulatory Technical Standards on strong customer authentication and secure communication under the revised Payment Services Directive Security of payments is very important for consumers and payment service providers alike. We welcome the European Banking Authority (EBA) discussion paper on strong authentication and [...]

By | October 6th, 2016|Reading Room|Comments Off on BEUC RESPONSE to European Banking Authority Discussion Paper on future draft Regulatory Technical Standards on strong customer authentication and secure communication under the revised Payment Services Directive

EU REGULATORY FRAMEWORK FOR FINANCIAL SERVICES

BEUC Response to the Commission’s Call for Evidence RESPONSE TO EUROPEAN BANKING AUTHORITY DISCUSSION PAPER on future draft Regulatory Technical Standards on strong customer authentication and secure communication under the revised Payment Services Directive

By | September 18th, 2016|Reading Room|Comments Off on EU REGULATORY FRAMEWORK FOR FINANCIAL SERVICES

News of the demise of cash has been greatly exaggerated

Politico - Don’t throw away your wallets yet because good ol’ banknotes and coins are here to stay. That’s the conclusion of a new study by the payments consultancy Agis that looked at the use and demand for cash. With fintech so much in vogue, cash is seen as akin to print newspapers: a rapidly [...]

By | September 18th, 2016|Reading Room|Comments Off on News of the demise of cash has been greatly exaggerated

Regulatory concerns surrounding AI

Politico - Artificial intelligence is gaining traction in the financial industry, in areas ranging from “robo-advisors” for investors to algorithmic trading and even corporate decision-making. Now come the regulators. A new study by the Institute of International Finance warns: “The adoption of artificial intelligence technology by the finance industry will lead to growing regulatory, security, privacy, [...]

By | September 18th, 2016|Reading Room|Comments Off on Regulatory concerns surrounding AI

Digitisation and Innovation: The Savings and Retail Banks’ View of the Digital Market Agenda

The Digital Single Market Strategy can bring Europe up to the forefront of the digital world. But what will it mean for people when it comes to how they interact with their local bank? It will reinvent the banking relationship – a most precious asset – putting the stakes high for Europe’s savings and retail [...]

By | September 18th, 2016|Reading Room|Comments Off on Digitisation and Innovation: The Savings and Retail Banks’ View of the Digital Market Agenda

EASIER RULES FOR SMALLER BANKS?

European regulators are considering how to tailor new rules on anything from capital buffers to trading and remuneration to smaller financial groups. The issue of “proportionality,” as the initiated call it, is on the radar of both the European Banking Authority and the Commission, M.E. understands. The EBA is looking at whether it can introduce [...]

By | September 18th, 2016|Reading Room|Comments Off on EASIER RULES FOR SMALLER BANKS?

Comparative Perspectives of Consumer Over-Indebtedness – A view from the UK, Germany, Greece and Italy

Collective work edited by Federico Ferretti, Eleven International Publishing - ISBN : 978-94-6236-673-2 This book explores the topic of over-indebtedness of consumers and their inability to repay their debts. With a large number of people having excessive debt levels across Europe, it not only impacts badly on the lives of those who are affected, but [...]

By | June 18th, 2016|Reading Room|Comments Off on Comparative Perspectives of Consumer Over-Indebtedness – A view from the UK, Germany, Greece and Italy

The Global Alliance for Banking on Values (GABV)

A not-for-profit organisation representing a network of the world’s leading values-based banks, today released an updated report reinforcing the business case for the growing values-based banking movement. Based on 10 years of data, the GABV is posing a question to policy makers, regulators and banking institutions worldwide that asks ‘Why isn’t all banking done this [...]

By | June 18th, 2016|Reading Room|Comments Off on The Global Alliance for Banking on Values (GABV)