EU, the European Supervisory Authorities (ESAs) hold Consumer Protection Day 2015

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The Joint Committee (JC) of the ESAs, the three European Supervisory Authorities (EBA, EIOPA and ESMA), is organising the third joint Consumer Protection Day to be held on 3 June 2015 in Frankfurt am Main, Germany. This event will bring together representatives of consumer/investor organisations, national regulators, EU institutions, academics and key market participants, with the aim of discussing consumer protection-related issues in the financial service area. Attendance to this event is not open, as it is by invitation only.

The event aims at strengthening cooperation and ensuring cross-sectoral consistency between the ESAs. It is an important instrument for stakeholders’ consultation strategy, since seeking and promoting a transparent, simple and fair internal market for consumers and investors in financial products and services is a common statutory objective of the three Authorities.

Discussions will focus on three main themes:

  1. conduct risk and impact of failures in the conduct of financial institutions (such as mis-selling, manipulation of benchmark rates, tax avoidance, money laundering, etc.)
  2. the next decade in the banking, insurance, pensions and securities sectors;
  3. the growing digitalisation of financial services and the related challenges that regulation will have to face.

The full programme of the Consumer Protection Day 2015 is available on EIOPA’s website.

(Marco Valeri)

Photo credits: Simon Cunningham