FECIF Advisory Committee Member
Happy Birthday FECIF! And here’s to real consumer protection
On the 30th June this year, FECIF will celebrate its 20th anniversary!
The Fédération Européenne des Conseils et Intermédiaires Financiers Aisbl (FECIF) was created on 30th June 1999 by a Royal Decree of the Belgian Ministry of Justice at the request of the founders: two trade associations, three distribution networks and asset managers from the United Kingdom, France and Luxembourg.
The founders were a group of successful businessmen, more importantly they were close friends. The aim, after the resignation of the Sander Commission and the appointment of Mr Romano Prodi as the new President of the European Commission (EC), was to create a body to represent financial intermediaries at a time when the new Commissioner in charge of the Single Market, Frits Bolkenstein, had launched The Financial Services Action Plan (FSAP).
We were all very enthusiastic about the idea of a European Union (EU), with an integrated, free trade zone, where products, services and clients would meet and exchange freely – no borders, no restrictions anymore…