10 Amendments of Marco ZANNI related to 2016/2243(INI)
Amendment 30 #
Motion for a resolution
Recital D
Recital D
D. whereas FinTech developments should contribute to the competitivenstability and progress of the European financial system and economy, without hampering financial stability and while maintaining the highest possible level of transparency and consumer protection;
Amendment 54 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
Ea. whereas the emergence of the FinTech technologies is causing a drastic increase in the level of operational risk which should be adequately offset by ad- hoc measures;
Amendment 84 #
Motion for a resolution
Recital L
Recital L
L. whereas to facilitate FinTech it is important to create a coherent and supportive framework that enables secure online identification and authentication tools with a simple interface;
Amendment 91 #
Motion for a resolution
Recital L a (new)
Recital L a (new)
La. whereas the European legislative framework on data is too complex and contains some overlapping;
Amendment 94 #
Motion for a resolution
Recital L b (new)
Recital L b (new)
Lb. whereas in the phases of so-called ‘tailored consulting’ the disclosure of sensitive data takes place;
Amendment 100 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Calls on the Commission to draw up a FinTech Action Plan, which should boost its Capital Martakets Union (CMU) and Digital Single Market (DSM) strategies and aim at a competitivinto account the sustainable progress of the financial system, financial stability and consumer and investor protection;
Amendment 211 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Notes that there are no clear, comprehensive European guidelines for outsourcing data to the cloud with regard to the financial sector; stresses the need for the development of such guidelines, taking into account the fact that in cases of so- called ‘tailored consultancy’ the owner of the data in the various phases should be determined;
Amendment 224 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Notes that with the significant increase in the operational risk, the supervisory authorities should implement advanced data-gathering systems in order to better understand this type of risk which is still mostly unknown to the banking sector and then develop more risk-sensitive and efficient capital absorption rules to address the operational risk.
Amendment 229 #
Motion for a resolution
Paragraph 12 b (new)
Paragraph 12 b (new)
12b. Emphasises that these information-gathering technologies - to be implemented by the same supervisory authorities - could derive from the know- how of the FinTech industry itself, thereby creating mutual collaboration between the private sector and the supervisory authorities;
Amendment 248 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Highlights the need for the constant exchange of information and best practices between supervisors and market participants and between market participants themselves; calls on the Commission, the Member States, market participants and the EU Agency for Network and Information Security (ENISA) to set standards for major incident reporting and to remove barriers to information sharing; suggests exploring the potential benefits of a single point of contact for market participants in this regard;