6 Amendments of Olle LUDVIGSSON related to 2015/2106(INI)
Amendment 120 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Believes that accurate, complete and easily available information is crucial to ensure proper consumer protection, but that this does not necessarily entail large volumes of information; is concerned that themean that information volumes have to be large; stresses the importance of focusing on operational high-quality information rather than on a scattered multiplicity of low-quality customer information which might not ultimately serve real customer needs; points to the necessity of a European initiative for more and better financial education;
Amendment 130 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Underlines that employees providing customer advice at financial institutions have a crucial role to play in ensuring proper consumer protection; stresses that such employees should be given the training and time necessary to be able to serve the customers in an accurate way and that they should not be made subject to sales targets or inducements that could bias or distort their advice;
Amendment 249 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Welcomes, as a key development in the financial system, the progress being made in improving access, efficiency and competition in the payment services market (for example through SEPA, the new payment accounts directive, the new regulation on interchange fees and the revised payment services directive); stresses that intensive supervisory and regulatory work will probably be needed in the years to come in order to keep up with innovation and technological advances in this market;
Amendment 316 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Believes that better financial regulation starts with Member States applying the current acquis; considers that ‘gold- plating’ does not facilitate the functioning of the internal market; stresses, at the same time, that there are situations where gold- plating, given circumstances such as the structure and risk profile of the national financial sector, is legitimate and necessary;
Amendment 326 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Calls on the Commission to ensure balanced participation in consultations by reflecting the diversity of stakeholders and providing better conditions for small stakeholders to participate; urges the Commission, in the framework of an overhaul of the expert groups system based on the advice of the European Ombudsman, to ensure that expert groups linked to financial services regulation are transparent, balanced and free from conflicts of interest;
Amendment 371 #
Motion for a resolution
Paragraph 37
Paragraph 37
37. Reminds the ESAs that technical standards, guidelines and recommendations are bound by the principle ofto be drafted in a proportionalit way; calls on the ESAs to adopt a restrictive approach tomake a careful assessment of the extent and number of guidelines, particularly where they are not explicitly empowered in the basic act; notes that such a restrictive approach is also required in view of the ESAs’ resources and the need to prioritise, that is needed in order to optimise the functioning and stability of the financial sector; underlines that the ESAs should be provided with the resources necessary for them to adequately carry out their tasks;