MEPs looking to ban complex products – Cicero survey
A survey of some 101 MEPs by Cicero Consulting and ComRes found that 57% are considering banning “overly risky or complex financial products”.
More than half, 54%, also felt that there should be stricter obligations on financial institutions that accept deposits.
Other findings suggest:
– That the majority of MEPs feel that cross-border cooperation between supervisory bodies will create a safer environment for investors;
– That more than half of MEPs feel asset management will be improved by increasing transparency through the development of the MiFID Directive revision;
– That about four in 10 MEPs believe the Packaged Retail Investment Products (PRIPs) Directive will improve asset management;
– That about half of MEPs believe removing taxes on cross-border transfers of pension capital will improve the pension funds market.
To read a copy of the full report click here: ComRes Cicero report