Better Finance's Letter To Commissioner Hill: "The Proclaimed Focus On EU Citizens As Savers And Individual Investors Must Be Translated Into The Priorities For Action On The Capital Markets Union"

Better Finance sent today a letter to Lord Jonathan Hill, Commissioner for Financial Stability, Financial Services and Capital Markets Union, expressing its concerns on the upcoming Capital Markets Union Action Plan and the involvement of retail investors in this initiative.

In recent official speeches, European Commission representatives have focused exclusively on the five priorities for the short term already listed in the CMU Green Paper (i.e. the review of the Prospectus Directive, credit information on SMEs, securitisation, ELTIFs and private placements) and none of these five priorities is focusing on savers and individual investors.

Therefore, Better Finance asks that the proclaimed focus on EU citizens as savers and individual investors should be translated into the Priorities for action on the Capital Markets Union and proposes five other short term priorities - "low-hanging fruits" - to start restore the trust of savers and individual investors.

Please find the letter in attachment.