6 Amendments of Brian HAYES related to 2017/2066(INI)
Amendment 12 #
Motion for a resolution
Recital A
Recital A
A. whereas the EU market in retail financial services remains underdeveloped and highly fragmented; whereas while there is work ongoing in different Member States, efficient action is therefore needed to facilitate innovation beneficial to end users, while unlocking the full potential of the single market;
Amendment 15 #
Motion for a resolution
Recital B
Recital B
B. whereas a European retail financial services market wshould only be viable if it represented real added value for consumers by ensuring effective competition and consumer protection, notably in relation to products necessary for participation in economic life and for vulnerable consumers;
Amendment 30 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the Commission Action Plan on consumer financial services as a means of addressing some of the challenges raised by Parliament in its report on the Green Paper on retail financial services, with the aim of striving towards a genuinerobust technology-enabled single market for retail financial services, while protecting consumers, lowering prices and fighting against tax fraud, tax evasion and tax avoidance;
Amendment 59 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Considers a high level of consumer protection and transparency key to the development of a single market in retail financial services; believes the enforcement of EU and national financial consumer legislation needs to be strengthened and, where necessary, harmonised across all Member States;
Amendment 95 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. UrEncourages the Commission to set up promptlyreview the range of existing, independent portals already in place in Member States and work to develop a well-organised and easy-to-use EU comparison portal covering the European retail financial markets in its entirety;
Amendment 143 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Calls on the Commission to present an all-inclusive FinTech Action Plan in the framework of its capital markets union (CMU) and digital single market (DSM) strategies, contributing to an effective and well-functioning integrated technology- driven single market of financial services benefiting all European end-users; stresses the need for regulatory certainty in the area of FinTech and considers that financial stability must be maintained in the regulatory response to new FinTech solutions;