August 4 2021
GBIC comments on a retail investment strategy for Europe
The European Commission published a consultation on a "Retail Investment Strategy" on May 11, 2021. This consultation is directly linked to the Capital Markets Union Action Plan of September 2020. The consultation addresses topics such as inducements, PRIIPs, sustainability, and suitability and appropriateness test. The German Banking Industry Committee has commented on the draft and, among other things, has spoken out against a possible ban on inducements.