Draft:Better Finance
Submission declined on 17 May 2024 by Johannes Maximilian (talk).
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Comment: This drafts cites an underwhelming number of two secondary sources, only one of which seems to provide significant coverage of the subject. --Johannes (Talk) (Contribs) (Articles) 18:01, 17 May 2024 (UTC)
 | This page contains a translation of Better Finance from de.wikipedia. |
| Formation | 2009 |
|---|---|
| Type | Non-governmental organization |
| Purpose | Promoting sound financial regulation |
| Headquarters |  Belgium, Brussels |
Executive Director | Aleksandra Mączyńska |
| Website | https://betterfinance.eu |
Better Finance – The European Federation of Investors and Financial Services Users (BETTER FINANCE) is a European non-governmental umbrella organization for associations of investors and users of financial services that conducts research and advocacy on financial regulation. Based in Brussels, the organization focuses on financial regulation in the European Union[1] as a counterbalance to the financial lobby.
History[edit]
Better Finance was founded in 2009 under the name EuroInvestors to give users of financial services a voice in the wake of the 2008 financial crisis. Predecessor organisations were Euroshareholders, an association of small shareholders across Europe founded in Brussels in 1992, and FAIDER, a French association of independent pension savers. Euroshareholders joined EuroInvestors in 2012.
Due to the wide range of activities of its members, the name of the association was changed to EuroFinuse – the European Federation of Financial Services Users in 2012. The name is now Better Finance – The European Federation of Investors and Financial Services Users, which operates as an international and non-profit organisation under Belgian law (AISBL).
In principle, Better Finance campaigns for market integrity and is committed to improving financial supervision. Better Finance is currently campaigning for compensation for the shareholders of Airbus[2] and Wirecard[3] in the form of a collective redress.
Activities[edit]
The orgaanization focuses on advocating at the EU level on behalf of non-industry stakeholders to ensure the perspectives of consumers and end-users are considered by policymakers. The organization's research team analyses financial regulation and formulates policy recommendations. Its views are then communicated to policymakers by its advocacy team, who also cooperate with member organizations who share the same views, and to the wider public by its communication team.[4][5]
Member Organizations[edit]
As of May 2024, Better Finance represents 40 national member organizations across 25 countries, including 21 EU member states. Its membership is divided between full and associate members, with the latter not having voting rights [8].
As of May 2024, member organizations of Better Finance include:[6]
| Country | Organization | Membership |
|---|---|---|
| Belgium | EFES - European Federation of Employee Share Ownership | associated |
| Belgium | FiInE – Financial Inclusion Europe | associated |
| Belgium | VFB - Vlaamse Federatie van Beleggers | full |
| Denmark | DAF - Dansk Aktionærforening | full |
| Germany | DSW - Deutsche Schutzvereinigung für Wertpapierbesitz | full |
| Germany | BdV - Bund der Versicherten | full |
| Finland | Pörssisäätiö - Finnish Foundation for Share Promotion | full |
| Finland | Suomen Osakesäästäjät - Finnish Shareholders Federation | full |
| France | A.D.A.M. - Association pour la défense des Actionnaires Minoritaires | full |
| France | FAIDER - Fédération des Associations Indépendantes de Défense des Epargnants pour la Retraite | full |
| France | GAIPARE - Association pour l‘amélioration de la retraite et de l‘épargne | full |
| France | Place des Investisseurs (ehemalig: Fédération des Investisseurs individuels et des Clubs d'investissement) | full |
| France | CGPC - Association française des Conseils en Gestion de Patrimoine Certifiés | associated |
| France | 2 Degrees Investing Initiative | associated |
| Greece | Helinas - Hellenic Investors Association | full |
| Iceland | Samtök Sparifjáreigenda - Iceland Savers Association | full |
| Italy | New Savers | associated |
| Latviaa | IMAB - Investoru un mazākuma akcionāru biedrība | associated |
| Lebanon | BLO - Lebanese Investors Association (Boulos Law Office at Beirut Bar Association) | associated |
| Lithuania | Lietuvos Vartotojų Institutas - Lithuanian Consumer Institute | full |
| Lithuania | Lithuanian Investors Association | full |
| Luxembourg | INVESTAS - Association Luxembourgeois des Actionnaires Privés | full |
| Malta | Malta Association of Small Shareholders | full |
| Norway | Aksjonaerforeningen i Norge - Norwegian Shareholders Association | full |
| Austria | IVA - Interessenverband für Anleger | full |
| Austria | PEKABE - Schutzverband der Pensionskassenberechtigten | associated |
| Poland | SII - Stowarzyszenie Inwestorów Indywidualnych | full |
| Portugal | ATM - Associacao dos Investidores e Analistas Técnicos do Mercado de Capitais | full |
| Romania | AURSF - Asociata Utilizatorilor Romani de Servicii Financiare | full |
| Sweden | Aktiespararna - Swedish Shareholders Association | full |
| Switzerland | Schweizerischer Anlegerschutzverein (SASV) | associated |
| Slovakia | Institute of Savings and Investment | associated |
| Slovenia | VZMD - Vseslovensko združenje malih delničarjev | full |
| Spain | ADICAE - Asociacion de Usuarios de Bancos Cajas y Seguros | full |
| Spain | AEMEC - Asociación Española de Accionistas Minoritarios de Empresas Cotizadas | full |
| Czech Republic | SCS - Sdružení Českých Spotrebitelu, o.s. | full |
| United Kingdom | ShareAction | associated |
| United Kingdom | ShareSoc | full |
| United Kingdom | The Transparency Task Force | associated |
| United Kingdom | UKSA - United Kingdom Shareholders Association | associated |
Financing[edit]
The organization has an annual budget of just under 1 million euros. In comparison, the financial industry's budget for 1,700 lobbyists in Brussels is at least 120 million euros, according to a study.[7] Better Finance is financed by membership fees, grants and donations and is partially funded by the European Commission. The organisation receives half a million euros a year from the EU Single Market Programme.[6]
See also[edit]
References[edit]
- ^ "European market watchdog steps up scrutiny of closet trackers". www.ft.com. Retrieved 2024-05-15.
- ^ "Loss compensation for shareholders Airbus SE". Airbusclaim.com. Retrieved 2024-05-15.
- ^ Huw, Jones (2023-04-06). "Wirecard investors target EY parent for 1.5 bln euros in compensation". Reuters. Retrieved 2024-05-15.
- ^ "REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL" (PDF). European Comission. 2020-12-17. Retrieved 2024-05-16.
- ^ "European Federation of Investors and Financial Services Users | lobbyfacts". www.lobbyfacts.eu. Retrieved 2024-05-16.
- ^ a b "Suche im Register - Europäische Union". transparency-register.europa.eu (in German). Retrieved 2024-05-16.
- ^ "The fire power of the financial lobby | Corporate Europe Observatory". corporateeurope.org. Retrieved 2024-05-16.
Category:Financial regulation Category:Organisations based in Brussels Category:Organizations established in 2009
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