FECIF - The European Federation of Financial Advisers and Financial Intermediaries
  • SAVE THE DATE // 10/DEC/2015 // SAVE THE DATE
  • 2nd EUROPEAN FINANCIAL CONFERENCE 2015
  • 10 DECEMBER 2015 // BRUSSELS, BELGIUM
  • »SOCIAL WELFARE IN TIMES OF ECONOMIC STAGNATION:«
  • Can smart regulation stimulate private pensions?
  • 10th DECEMBER 2015 // Renaissance Hotel, BRUSSELS (BE)
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See photos from the FECIF conference 2015

 

 

 

Vincent J. DerudderVincent J. Derudder
Honorary Chairman

Crisis in Europe?

Europe is going through a very serious crisis and so is the EU financial services industry.

To focus on some basic indicators, the world today is made up of a homogenous block of four dominant countries (the US, Russia, India and China) representing 4 billion people and guided by four strong authoritarian leaders - versus a Europe of 500 million people without a real leader, only professional politicians without vision.

When speaking at a conference in Mumbai (India) earlier this year, I paid a courtesy visit to the Indian Financial Services head regulator to whom I explained briefly where we were up to in terms of regulation; his comment was very simple - we have 1.5 billion people to feed and no time for these fantasies!

Therefore, our Financial Services industry is not competitive anymore and most of the business goes to Singapore or Hong Kong.

As an example, the average size of an investment fund in the US is 5 times the size of a European fund and the cost of compliance is 50% less…
 

 

  
 

The European Federation of Financial Advisers and Financial Intermediaries (FECIF) was chartered in June 1999 for the defence and promotion of the role of financial advisers and intermediaries in Europe.

FECIF, the only body representing European financial advisers and intermediaries, it is based in Brussels, the heart of Europe.

 

 

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NEW: FECIF Board Meeting 2017

Board Meeting July 2017 - Paris, France

 

 

 

 

 

 

 

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Fédération Européenne des Conseils et Intermédiaires Financiers (FECIF)
“Generali” Tower - Business Centre
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