10 Amendments of Sahra WAGENKNECHT related to 2007/2287(INI)
Amendment 9 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Notes that consumers use cross-border financial services by telephone or on the Internet only to an imperceptibly small degree (less than 1 %) and that the extensive regulation of such services at European level is therefore in no way proportionate to requirements;
Amendment 10 #
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Sees no point, given the factual absence of an integrated market for mortgage loans, in trying to artificially create such a market by setting up a European legal framework;
Amendment 24 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that the legislative approaches currently available, minimum harmonisation and full harmonisation, are in a state of tension between simplifying cross-border business and maintaining national standards for consumer protectionConsiders it justified for Member States to continue in future to exceed the European minimum consumer protection standards and for equal conditions of competition to be limited as a result;
Amendment 35 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Opposes standardised products, as these undermine the aim of greater product diversitRegards the certification of products in accordance with international standards as good sense, as this makes it possible to assess various aspects of the service in a reliable and transparent way;
Amendment 41 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Emphasises that effective self- regulation of the financial services industry should be preferred to any legislative regulation; cCalls on the financial services industry to work steadfastly towards the aims of the above Green Paper by self-regulation and thus reduce the need for binding legal acts;
Amendment 45 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Welcomes, in connection with the proposed strengthening of legal certainty for consumers, the introduction of the principle that the law of the country in which the consumer ordinarily resides is applicable to the contract if the service provider designs the business to include that country;
Amendment 46 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10b. Points out that a particular duty of care needs to apply to the marketing of savings and old-age pension products, as the decisions that consumers take in this area are regularly decisions of great importance that as a rule consumers take only once in a lifetime;
Amendment 47 #
Motion for a resolution
Paragraph 11
Paragraph 11
Amendment 61 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Notes that real competition can arise only in equal competitive conditions; concludes that any legislation must follow the principle of ‘equal risk, equal regulation’; points out, however, that in the financial services sector product design is particularly influenced by the regulatory environment and a ‘one size fits all’ approach would adversely affect product diversity;
Amendment 79 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Emphatically draws attention to the importance of improving the protection of customers’ personal data in the EU Member States before enabling credit institutions and credit data agencies to have non- discriminatory cross-border access to credit data registers, as otherwise the door to abuse of personal data will be wide open;