5 Amendments of Ieke van den BURG related to 2008/0199(COD)
Amendment 14 #
Proposal for a directive – amending act
Recital 3
Recital 3
(3) The current minimum coverage level provided for in Directive 94/19/EC is set at EUR 20 000 with the option for Member States to determine a higher coverage. However, this has proved to be not adequate for a large number of deposits in the Community. In order to maintain depositors' confidence, the minimum coverage level should be raised and greater stability on the financial markets, the minimum coverage level should be increased to a fully harmonised coverage level.
Amendment 15 #
Proposal for a directive – amending act
Recital 4
Recital 4
(4) Under Directive 94/19/EC, Member States may limit the coverage by a certain percentage. That option has proven counter-productive for the confidence of depositors and should be discontinuduring the current international financial crisis. Before possibly reintroducing co-insurance in Directive 94/19/EC, therefore, an adequate level of financial education, including basic principles such as 'high return, high risk', within the Member States should be ensured.
Amendment 23 #
Proposal for a directive – amending act
Recital 6 a (new)
Recital 6 a (new)
(6a) Deposit-guarantee schemes should not be used deliberately for marketing purposes to attract new deposits or gain a competitive advantage in the market, including the market of the European Economic Area. The use of topping up as marketing strategy should be minimised to the greatest extent possible until there is a fully harmonised coverage level.
Amendment 37 #
Proposal for a directive – amending act
Article 1 – point 3 – subpoint a
Article 1 – point 3 – subpoint a
Directive 94/19/EC
Article 7 – paragraph 1 – subparagraph 2
Article 7 – paragraph 1 – subparagraph 2
By 31 December 2009 at the latest coverage shall be increased to at least EUR 100 000, coverage shall be increased to EUR 100 000 and fully harmonised, in the event that a Commission impact assessment, submitted to the European Parliament and the Council by 31 March 2009, concludes that such a harmonised increase is required and is financially viable for all Member States in order to ensure consumer protection and financial market stability.
Amendment 44 #
Proposal for a directive – amending act
Article 1 – point 3 – subpoint a
Article 1 – point 3 – subpoint a
Directive 94/19/EC
Article 7 – paragraph 3
Article 7 – paragraph 3
3. This Directive shall cover depositors who are natural persons acting for purposes other than their trade, business or profess, micro entities and non-profit organisations.