Mis-selling of Financial Products: Marketing, Sale and Distribution
This study forms part of a series of five studies on mis-selling of financial products in the EU. The study reviews the EU legislative and regulatory framework for the marketing, sale and distribution of financial products to assess whether post-crisis EU regulatory reforms have met their objectives and, if not, what are the gaps and weaknesses in the current EU regulatory approach. The EU follows a sectoral approach to regulating the marketing and sale of financial products, which results in segmentation and arbitrage risks. The paper argues that the European Supervisory Authorities should adopt more harmonised regulatory and technical standards to reduce these risks and ensure more effective enforcement by Member State authorities. This document was provided by Policy Department A at the request of the ECON Committee.
Study
External author
Professor Kern ALEXANDER
About this document
Publication type
Keyword
- administrative transparency
- budget
- civil law
- conflict of interest
- economic analysis
- economic analysis
- economic geography
- ECONOMICS
- EMPLOYMENT AND WORKING CONDITIONS
- EU control
- EU institutions and European civil service
- EU Member State
- EU office or agency
- EUROPEAN UNION
- European Union law
- executive power and public service
- FINANCE
- financial control
- financial institution
- financial institutions and credit
- financial planning
- financial solvency
- free movement of capital
- GEOGRAPHY
- investment company
- labour law and labour relations
- LAW
- market supervision
- POLITICS
- public debt
- public finance and budget policy
- securities
- TRADE
- trade policy
- venture capital