EuroInvestors

For the first time, all types of financial services consumers such as employee shareholders, other individual shareholders, fund investors, insurance policy holders, bank savers, pension funds participants, borrowers and other financial services consumers have teamed together to create the Federation of European Investors (and other financial services users), in short “EuroInvestors” or EFI.

Following the worst financial crisis since 1929, EFI's main objective for 2010 is to restore financial services consumers' confidence. In order to do so, we will focus on four key priorities:

A better governance of financial supervision

The European Authorities should put an end to the severe imbalance of representation of interests between the providers (the financial industries) and the financial services users.

Better transparency, liquidity, integrity, and efficiency of capital markets

The crisis has highlighted the failures of capital markets, especially but not only in the fixed income area. The “reintermediation” of capital markets by the banks should be limited and capital markets must serve primarily the investors and issuers' interests, not the financial institutions' ones.

A better protection of financial services consumers

EFI will focus on fair, clear and comparable information, unbiased and competent advice, a badly needed EU-wide collective redress scheme, and the elimination of tax discrimination against EU individual investors.

More responsible and more competitive lending

The crisis has demonstrated that banks should to get back to their core business of collecting deposits and lending to the real economy, with a real competition, and without using central banks', depositors' and taxpayers' money to fund high margin but risky investment and trading activities.