ECONOMY - FINANCE - BUSINESS / (ae) finance

MiFID II - pressure from consumers to reduce conflicts of interest

Brussels, 25/07/2014 (Agence Europe) - Two European consumer organisations, BEUC and Finance Watch, support the steps taken by the European Securities Markets Authority (ESMA) to explain rules governing conflicts of interest that might arise from financial incentives paid by the creators of financial products to financial advisers selling their products to consumers.

Following adoption of the MiFID I' package (EU Directive 2014/65/EU and Regulation 600/2014), ESMA was instructed to provide...