The complaint comes as a slew of European financial services firms and interest groups line up to lobby Europe’s parliamentarians who are about to begin negotiations on the huge piece of financial market reform.
Guillaume Prache, managing director of EuroInvestors, said: "After the crisis, European authorities identified that the voices of investors had not been sufficiently heard in the financial regulatory process, and they are doing it again. To have a hearing on investor protection and not invite investors is a pity, to say the least. It's especially bizarre given the growing popular protest movements seen across the globe."
Evidence is being taken by the European Parliament’s Economic and Monetary Affairs Committee, which includes a panel on investor protection. This panel includes two regulators and a bank lobbyist, according to the latest draft agenda. Sharon Bowles, chair of the committee, responded in writing on Tuesday, saying she was “sorry” EuroInvestors could not be included, adding: “The decision is always a difficult one given the wide range of interested stakeholders”.
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