Like Germany and Austria (see EUROPE B13118A10), France opposes the European Commission’s proposed ban on broker commissions, said Emmanuel Moulin, Director General of the French Treasury, during the public debate at the Ecofin Council on Tuesday 14 February.
As a measure included in the Retail Investor Strategy, the ban on commissions for insurance and financial brokers is intended to reduce conflicts of interest and thus avoid a negative effect on the quality of investment advice.