Several European trade associations and the German ministry of finance have cast a shadow on an outright EU-wide ban on inducements as it would undermine the goals of the Commission’s Retail Investment Strategy.
The EU Commission’s plan to ban inducement-based sales of financial products from banks and insurance companies has come under fire after several European trade associations noted they would be a ‘serious setback’ to the European Union's capital market and limit choice for consumers. In a letter to Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets, Christian Lindner (pictured) , Germany's finance minister, welcomed th
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