On Wednesday 18 March, with 45 votes in favour, 3 against and one abstention, MEPs on the European Parliament’s Committee on Economic and Monetary Affairs (ECON) approved an own-initiative report on financial education and the rise of ‘finfluencers’.
The text drafted by Lídia Pereira (EPP, Portuguese) stresses the shared responsibility of informing European citizens about financial matters and the need to regulate the dissemination of investment advice by influencers on social networks.
“With influence comes responsibility. Advice must be honest, transparent, based on facts, with no hidden ads”, said the MEP in a promotional video for the Christian Democrat group in the European Parliament on Thursday.
The draft report is due to be put to the vote at the European Parliament plenary session on 27 April.
See the project: https://aeur.eu/f/lam (Original version in French by Bernard Denuit)