EU retail investors need more protection
EU Commission hosts hearing on retail investment products in Brussels
BRUSSELS – The EU Commission hosted an open hearing on retail investment products in Brussels on July 15, 2008. The discussion related to the evolving market for investment products and whether the current fragmented regulatory framework provides a sound basis for ensuring investors receive the information and quality of service required to make appropriate investment decisions.
Internal markets commissioner Charlie McCreevy suggested a set of fundamental principles should be respected across the member states to ensure a high level of transparency on performance, costs and risks, responsible selling practices, effective management and disclosure of conflicts of interest, and fair marketing materials.
Other points dealt with during the open hearing included the development of retail investment markets and where risks to investors lie; industry views on the adequacy of existing rules and of self-regulatory initiatives; an account of the challenges faced by the Dutch financial regulator in this area and steps taken by the Netherlands to improve investor protection; and discussion by regulators as to whether EU level arrangements are fit for purpose or need improvement.
The results of the dialogue will be published soon.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Risk management
The loneliness of the model risk manager
Boards may see them as a drag on innovation; risk functions need to show they embrace efficiency
US Treasuries clearing: a new era
What will the SEC’s clearing mandate mean for your firm? Explore the latest updates and analysis around clearing models, collateral requirements, risk tools and market structure
Seven developments shaping US Treasury clearing
As the SEC’s US Treasury clearing mandate approaches, FICC is rolling out new access models, protections and risk tools to help market participants prepare for a broader move into central clearing
Fireside chat: Advancing FX clearing for safer settlement
Developments in FX clearing are supporting the creation of a safer, more scalable settlement infrastructure
FHLB Cincinnati explores AI to spot failing banks
Agentic model detects anomalies, monitors sentiment and drafts credit reports for analyst review
Iran strikes a stress test for CCP margin models
CME’s Span2 and Ice’s IRM2 are performing as advertised. The next few days could test their mettle
Most banks run physical climate scenarios beyond 2050
Risk Benchmarking data finds majority rely on geospatial asset mapping, while a third use third-party catastrophe models
Big banks love their climate vendors; small banks, not so much
Risk Benchmarking: Lenders with blue-chip loan books more likely to favour climate tools, research finds
