9 Amendments of Sander LOONES related to 2016/2243(INI)
Amendment 118 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that legislation in the financial domain should be proportionate, frequently reviseduture proof and in accordance with the ‘Innovation Principle’, so that potential effects on innovation will be part of the impact assessment;
Amendment 137 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Recommends that the competent authorities allow controlled experimentation with new technologies, distribution methods and business models both for new entrants and existing market participants; believes that a regulatory sandbox can be helpful in achieving this; highlights that a pro-active dialogue with market participants can help supervisors and regulators to develop technological expertise;
Amendment 149 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Highlights that some central banks are already experimenting with virtucentral bank digital currenciesy (CBDC) as well as other new technologies; encourages the relevant authorities in Europe to experiment as well, in order to keep up with market developments; recommends that the European Central Bank conduct experiments with a ‘virtual euro’Central Banks explore the advantages and disadvantages of issuing CBDC; notes the potential negative effects on privacy and the risk of financial repression (e.g. negative interest rates on savings);
Amendment 153 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Highlights that some central banks are already experimenting with virtucentral bank digital currenciesy (CBDC) as well as other new technologies; encourages the relevant authorities in Europe to experiment as well, in order to keep up with market developments; recommends that the European Central Bank conduct experiments with a ‘virtual euro’Central Banks explore the advantages and disadvantages of issuing CBDC;
Amendment 160 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Stresses that the current emergence of currency competition between national currencies and private virtual currencies could benefit innovation and price stability,
Amendment 259 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Notes that costs of compliance with regulations such as AMLD should not stymie growth and scaling in the European FinTech sector. The Commission should assess how the costs of compliance can be reduced whilst maintaining market integrity.
Amendment 269 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Acknowledges the importance of application programming interfaces (APIs) in providing new actors with access to financial infrastructure; recommends thresearch into the possible creation of a set of standardised APIs to be used by providers, for example in the area of open banking;
Amendment 281 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Calls on the NCAs in cooperation with the ESAs to develop technology- neutral standards and licences for know- your-customer techniques, for example based on biometric criteria, which respects the privacy of users;
Amendment 313 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22a. Recalls the Commission's forecast that by 2020 Europe might be facing a shortage of up to 825 000 ICT professionals; believes that more computer scientists are needed and encourages the member states to prepare for changes in the labour market that go much quicker than we might expect today;