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

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