Markus Ferber, Member of the European Parliament (where he is in charge of managing risk in the financial world) and Michael Heijmeijer, founding director of cfinancials (Rolle) announced this morning in Geneva the creation of the PeoplesFinancials foundation. The foundation aims to make available, to both the banking sector and the general public, the same assessment of risk for the market’s financial products, enabling access to the same information for everyone, professional or private. For Markus Ferber, making this information accessible to all, with the same level of objectivity, will mean inequalities in the assessment of the risks associated with such and such a product will be reduced, confidence will increase, and financial markets will become more stable, key factors in the successful regulation of the markets.
For more, click here.