European finance trade associations have voiced ‘multiple concerns’ as many of the measures in the European Commission’s (EC) proposals will have far-reaching consequences.
The European financial and insurance sector represented by several associations - Amice, EACB, EAPB, EBF, Efama, ESBG, Eusipa, Insurance Europe - released a joint statement to make some high-level remarks and express initial reasons for concern about the full range of impacts and changes put forward in the Retail Investment Strategy (RIS) across multiple pieces of regulation. Some of the regulations that will be subject to the new retail investment guidelines include Mifid 2, the Insurance Dist
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