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Pre-trade consolidated tape: a must-have for best execution

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European Investors has taken notice of recent public statements on the desirability of the pre-trade data consolidated tape. We believe increased transparency re. pricing and execution venues, will facilitate better, more efficient and fair price formation, best execution and do away with the artificial competitive advantage of Systemic Internalisers (SIs). European Investors has consistently ...
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Inducements: a barrier for investors

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European Investors cannot stress enough that inducements are the single most important barrier to realising the objectives of the European Capital Markets Union.   The regimes on inducements vary across the EU. What are inducements? It is a catch-all term. The common denominator is that the provider of investment services receives payments from parties other than his customer. For th...
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EI reacts to consultation Bill Virtual General Meeting 

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On 6 January 2023 European Investors-VEB (‘EI’) reacted to the Netherlands Governments’ public consultation on a draft Bill on the Virtual General Meeting of Shareholders in certain legal entities (‘the Bill’) legislated for under the Dutch Companies Act.  In essence, the Bill accommodates holding virtual only general meetings of shareholders. As a result, the shareholders’ meetings of Du...
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German neo-brokers: unfavorable spreads entail hidden costs

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Author: Nico Binnendijk, European Investors-VEB. The Dutch market regularly attracts new brokers. While there are multiple investment firms vying for investors’ transactions, new players still see opportunities. Trade Republic and Scalable Capital are two German neo-brokers that recently became active in the Netherlands. They offer trading on alternative trading venues, where investors may...
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European Investors-VEB holds Philips liable for investor damages running into billions from the apnoea affair 

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For years, Philips has withheld relevant information on failing respiratory devices from investors. Consequently investors have seen over €16 billion in stock market value evaporate. Investor association European Investors-VEB (‘VEB’) holds Philips liable for this.  Since 2015 Philips has got signals about the possibly deficient and harmful functioning of respiratory devices helping millions o...
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The Wirecard case is not done yet

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Some corporate scandals fade from the headlines faster than others. Just to refresh your memories, here’s the state of play in the Wirecard debacle. We know one thing for sure: the Wirecard case is not done yet. European Investors-VEB currently conducts a trial-case, the investors’ association having purchased one individual retail investor’s claim. The legal proceedings are founded on that sin...
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European Investors/VEB supports pilot on joint audit in attempt to enhance audit quality

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A string of high profile accounting scandals have further fueled concerns about the audit market. A structure change is needed and reviewing alternative structures is a necessary starting point. A pilot on joint audit may provide useful insights to address the current market flaws and persistent audit quality issues.    European Investors/VEB has therefore expressed its support to start pilots ...
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German Wirecard parliamentary inquiry commission: EY guilty of serious shortcomings in examining Wirecard

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The Wirecard parliamentary inquiry commission presented its final report to Wolfgang Schäuble on 22 June 2022 in the German parliament. Interested investors can retrieve the report here Paul Koster, CEO of European Investors-VEB, said: “Not only does the report confirm our worst fears, but it exceeds them. On behalf of our investors we relentlessly followed the proceedings of the inquiry ...
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Implementation of Steinhoff-settlement: European Investors-VEB settlement with Deloitte

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As a result of the fraud committed at Steinhoff International Holdings N.V. ("Steinhoff"), which came to light in December 2017, investors in securities issued by Steinhoff suffered losses. The VEB has actively sought a contribution from the Dutch firm of Deloitte and its counterpart in South Africa (jointly: "Deloitte") to help compensate investors in Steinhoff securities for losses suffered as a...
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New currencies require a broad response by gatekeepers

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Bitcoin has been around for more than 10 years, but the gatekeepers of our fiat money have yet to make a convincing case for how cryptocurrencies and fiat money will co-exist in our financial system. Why we need to do more to maintain trust in our currencies By Paul Koster, CEO European Investors Can you believe it? One Bitcoin can now buy you two Fiat 500's (provided the dealer accepts Bitcoin...
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