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BETTER FINANCE expresses serious concerns over the abrupt and unilateral termination of the financial instruments custody agreement between Zagrebačka banka (UniCredit) and VZMD (Pan-Slovenian Stakeholders' Association). The termination has left over a thousand retail investors in a vulnerable position, unable to access or transfer their assets. This letter highlights the failure to comply with EU regulations on de-risking and calls for a critical reconsideration of the decision to protect the rights of retail investors and civil society organisations.

Read the full letter: betterfinance.eu

15BETTER FINANCE the public interest organisation representing European citizens as savers and investors, welcomes the European Commission’s communication on the Savings and Investments Union (SIU), alongside the draft report by MEP Lalucq on facilitating investment financing and reforms to boost European competitiveness and establish the SIU. This strategic initiative seeks to strengthen citizens’ wealth and enhance the EU’s economic resilience. We are pleased to see several of BETTER FINANCE’s recommendations reflected in both the Commission’s proposals and Ms Lalucq’s report. 

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