Retail strategy: Industry disapproves

The ban on commissions for securities transactions was cleared in advance. Pressure from the Federal Ministry of Finance probably helped. But even without the commission ban, the proposal for the retail investor strategy that the Commission is presenting today is unlikely to meet with much approval in the industry.

The declared aim of the retail investor strategy – the Commission intends to present the proposal today – is to increase the coherence of European financial market regulation. In addition, the Commission wants to make capital market access easier and more attractive for retail investors. The goal of the „New Retail Investment Rules“ is welcomed in principle by the players in the financial market industry: it is „important to make it easier to buy securities in order to strengthen asset accumulation and retirement provision“. This applies in particular to Germany, where the participation of retail investors in the securities business is very low by European standards.

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