BETA

10 Amendments of Miguel VIEGAS related to 2017/2066(INI)

Amendment 11 #
Motion for a resolution
Recital A
A. whereas the EU market in retail financial services remains underdeveloped and highly fragmented; whereas efficient action is therefore needed to facilitregulate innovation beneficial to end users, while unlocking the full potential of the single market;, ensuring that it is beneficial to end users.
2017/06/29
Committee: ECON
Amendment 16 #
Motion for a resolution
Recital B
B. whereas a European retail financial services market would only be videsirable if it represented real added value for consumers by ensuring effective competition and consumer protecand financial stability by ensuring consumer protection and stopping financial concentration, notably in relation to products necessary for participation in economic life and for vulnerable consumers;
2017/06/29
Committee: ECON
Amendment 27 #
Motion for a resolution
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 genuine technology-enabled singleensuring consumer protection in the context of a technology based market for retail financial services, while protecting consumers, lowering prices and fighting against tax fraud, tax evasion and tax avoidance;
2017/06/29
Committee: ECON
Amendment 46 #
Motion for a resolution
Paragraph 2
2. Considers that out of the three main strands of work identified by the Commission for the remaining years of the current mandate are worth pursuing; believes, nevertheles, increasing consumer trust the main public responsibility; Considers, that empowering consumers can be highly misled policy in a market with such a dramatic asymmetry of information; Deplores the Commission's proposal to remove regulatory obstacles in the retail financial services; believes, that several concerns raised by Parliament in its report on the Green Paper on retail financial services have not been credibly addressed by the Commission in its Action Plan;
2017/06/29
Committee: ECON
Amendment 90 #
Motion for a resolution
Paragraph 8
8. Urges the Commission to set up promptly a well-organised and easy-to-use EU comparison portal covering the European retail financial markets in its entirety;deleted
2017/06/29
Committee: ECON
Amendment 113 #
Motion for a resolution
Paragraph 12
12. Asks the Commission to assess carefully whether national rules and practices are motivated by consumer protection concerns; uUnderlines that the dismantling of national barriers should not be to the detriment of consumer protection;, as is usually is the case.
2017/06/29
Committee: ECON
Amendment 131 #
Motion for a resolution
Paragraph 13
13. Calls on the Commission to amend the Mortgage Credit Directive and the Consumer Credit Directive to introduce compulsory, harmonised, cross-borderMember States to introduce compulsory, creditworthiness assessment standards and principles to better mitigate the risk of increasing over- indebtedness when facilitating pan-European online credit;.
2017/06/29
Committee: ECON
Amendment 139 #
Motion for a resolution
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-funregulation and consumer protection ing integrated the technology- driven single market of financial services benefiting all European end-users;.
2017/06/29
Committee: ECON
Amendment 152 #
Motion for a resolution
Paragraph 15
15. Reiterates the need for the Commission to identify and remove regulatory barriers to the use of pan- European electronic signature systems for subscribing to financial services, thereby facilitating EU-wide cross-border digital onboarding, without affecting the level of security of existing systems or their ability to comply with the requirements of the Fourth Anti-Money Laundering Directive;deleted
2017/06/29
Committee: ECON
Amendment 155 #
Motion for a resolution
Paragraph 16
16. Stresses the need to adapt the existing EU legal framework for the digital world to counteract consumer protection risks connected with distance online selling, thereby creating new business opportunities for European start-ups and FinTechs;including by limiting or banning the online retail sale of complex financial products.
2017/06/29
Committee: ECON