The General Assembly and meeting of the Executive Board of the European Federation of Investors and Financial Services Users (BETTER FINANCE) took place this week in Brussels. Both meetings – which followed the recent meeting and the International Investor Conference in Vienna (VIDEO: https://youtu.be/RyyZho0QVlM) – were actively attended also by the VZMD President, Mr. Kristjan Verbič, as a member of the Executive Board.
Mr. Verbič presented the activities of the Financial Services User Group (FSUG) at the European Commission as well as their Statement published before the Climate Change Conference – COP28. Furthermore, Mr. Verbič touched on some of the more significant efforts of the VZMD and mentioned the upcoming 10th anniversary of the wipe-out of shareholders and bondholders of the Slovenian banks who are still waiting for their effective legal remedy. The VZMD President concluded his presentation with the development regarding the class actions against the Slovenian telecommunication operators (VIDEO: https://youtu.be/itxmtIdHpK8).
The representatives of the national associations across the EU also discussed the EU Regulation on sustainability-related disclosures in the financial services sector (SFDR), as well as prepared amendments and the common position of BETTER FINANCE. Moreover, they formulated the final comments to the European Commission regarding the Shareholders' Rights Directive (SRD II). The current activities and projects were presented, and the members also discussed the key priorities in the 2024-2029 period, the upcoming international conferences, and the 2024 meetings to be held in Lithuania and Belgium.
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