Tagged: EU

EU Parliament’s Draft of New Prospectus Directive Meets Crowdfunding Sector Demands

Money UK Europe Euros Pounds

  Earlier this year, the crowdfunding sector represented by the European Crowdfunding Network (ECN) the UK Crowdfunding Association, Financement Participatif France and Nederland Crowdfunding had called on the Parliament and the European Council to be very ambitious with the planned revision of the Prospectus Directive…. Read More

EC Commissioner Hill Updates on CMU, Says Capital Requirements on Small Banks Too Onerous

Jonathan Hill, EU commissioner for financial services

EC Commissioner Jonathan Hill delivered a speech yesterday addressing the Capital Markets Union and other areas of financial services that are important to the economy of Europe. Hill, a UK national and former member of the House of Lords, holds the portfolio for Financial Stability, Financial… Read More

The European Commission Wants to Improve Cross Border Consumer Finance

EU Price Differences Retail Financial Services

The European Commission is in the midst of a consultation as to how they may improve retail financial services to consumers across Europe.  The challenge, of course, is not just within individual countries, but in the diversity of cost, structures and regulatory approaches that pepper… Read More

Research Initiated to Assess Liability Risk for Crowdfunding in Europe

Ronald Kleverlaan Anne Hakvoort

A partnership between the Crowdfunding Hub, European Network of Crowdfunding Professionals and FG lawyers (Dutch boutique law firm with a special focus on alternative finance and fintech), has launched pan-European research to identify the liability risk in respect to the various forms of crowdfunding. Entitled… Read More

Finnish P2P Lending Platform Fellow Finance Opens For European Investors

Jouni Hintikka

Fellow Finance announced this week that it is now open for investors with a bank account within European Union (EU) or Single Euro Payments Area (SEPA). Fellow Finance is an online marketplace for high-performing unsecured consumer loans. For investors Fellow Finance offers a possibility to… Read More

European Parliament Agrees to EC Proposal on Online Payments

EU coins money Europe

The European Parliament has adopted the proposal by the European Commission regarding a revised directive on payment services – also called PSD2. The law was originally proposed in July of 2013.  The legislation is designed to protect consumers when they make payments online and via… Read More

CMU is a Good Thing Says PwC, But it Needs Some Help as Market Based Finance is Underdeveloped in Europe

European Market Fruit

PwC has recently published an interesting report on the European Capital Markets Union (CMU).   The European Commission has an objective to diversify and improve access to capital.  Knocking down barriers and streamlining processes to accomplish this goal should be good for the entire EU… Read More

Access Granted: Ireland’s Small Businesses Soon To Access Low-Interest, Asset-Backed Loans, Funded By The State

Ireland_island_flag

  Asset-backed finance has been chosen as the next round of lending for the Strategic Banking Corporation of Ireland (SBCI), which was set up in 2014 to offer low-cost loans to lenders, according to a recent story in the Independent. The SBCI, led by Scotsman Nick… Read More

European Securities & Markets Authority Warns on Crowdfunding & Money Laundering / Terrorist Financing

Euros 200 Money

The European Securities & Markets Authority (ESMA) has published a Q&A addressing the potential for nefarious characters to abuse investment crowdfunding to launder cash or provide financing to terrorist organizations.  This is a subject the traditional banking sector knows rather well as they are subjected… Read More

European Parliament to EC: Capital Markets Union Must Help Fund SMEs

EU EC Europe Growth European Parliament

“High-quality, easily comparable financial information on the companies seeking crowdfunding or peer-to-peer lending should be available across borders” state MEPs The European Parliament issued a statement last week regarding the hot topic of the Capital Markets Union (CMU) across the European Union. One of the… Read More

EU Conducts Survey on Perceptions of Investment Crowdfunding

european commission

The Financial Services Users Group (FSUG) has launched a survey to measure perspectives on crowdfunding across the European Union. The FSUG is a “consultative group” for the Commission and is targeting investor opinion regarding both debt and equity crowdfunding platforms. The notice of the survey… Read More

Taxing Crowdfunds: Canary Wharf Hack Moot In The Face of Brussels Butchery of EU VAT Laws

European Market Fruit

EU Poised to Tax Crowdfunding Campaigns Potentially Killing Off Source of SME Funding Will Crowdfunders from the US and across the world be caught in the crossfire as the EU quietly prepares to declare war on the Internet’s behemoths? The European Union is considering the… Read More

Report: European Crowdfunding Stakeholders Forum Meets

cambridge europe alternative finance

The European Crowdfunding Stakeholders Forum, created in 2014 comprised of a diverse group of stakeholders in the emergent crowdfunding sector, met last month in Brussels. Unfortunately for those unable to attend these gatherings are not live-streamed (something we compliment the US SEC on doing). There… Read More

Invesdor is First European Crowdfunding Platform to Receive EU MiFID License

The World of Invesdor

Invesdor intends to become the largest cross-border investment crowdfunding platform in Europe. Invesdor, an investment crowdfunding platform based in Helsinki, has claimed the first EU license MiFID licence by financial authorities, to expand debt and equity crowdfunding services across all 31 EU and EEA countries. This level of operational… Read More

Report Followup: InvestUP’s James Tuckett Shares his Perspective on Massolution’s Crowdfunding Publication

James Tuckett

In a release, InvestUp MD and Co-Founder James Tuckett opined on Massolution’s Crowdfunding Report.  An excerpt follows: It’s not often that we get to write about the only global report on crowdfunding worth talking about. And this one’s doubly special, as we’ve waited for over two… Read More

Crowdfunding Guide: European Commission Explains Crowdfunding for SMEs

Traditional vs Crowdfunding Finance

The European Commission has been pushing forward with a diverse array of initiatives to improve economic growth and foster an innovation economy. This is not an easy task but improving the environment for SME’s is clearly the path forward. Last year the Commission issued a… Read More