Fund Management

Consumer organizations warn about extreme and coordinated lobbying against commission prohibition

European financial institutions have collectively initiated an attempt to halt a legislative proposal to ban commissions, warn consumer organizations. 
Consumer organizations assert an unusual degree of lobbyism in the EU by the financial sector in connection to the expected legislative proposal. | Photo: Miriam Dalsgaard
Consumer organizations assert an unusual degree of lobbyism in the EU by the financial sector in connection to the expected legislative proposal. | Photo: Miriam Dalsgaard
by simon lund christiansen, translated by katrine gøthler

The European financial sector has initiated a massive and coordinated effort across European borders to halt a legislative proposal that prevents banks from charging their customers for recommendations of investment products. 

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