4 Amendments of Pascal CANFIN related to 2011/2010(INI)
Amendment 12 #
Draft opinion
Paragraph 2
Paragraph 2
2. Acknowledges thatCalls on the Commission to assess if the most realistic and useful approach at the moment iswould be the establishment of a coherent and legally binding framework of IGS protection based on minimum harmonisation, which should not undermine the protection already offered by some Member States, with a view to achieving maximum harmonisation at a later stage;
Amendment 20 #
Draft opinion
Paragraph 4
Paragraph 4
4. Believes that future IGSs should be based on the home Member State principle and provion the condition that insurance guarantee schemes achievable under a high degree and equalminimum harmonisation are established in all Member States that offer truly equivalent high level of consumer protection for all natural persons – whether policyholders or other beneficiaries – covered by all types of insurance contract (life and non-life), especially in the event of insurer bankruptcy, insurer or intermediary mis- selling, or fraud; considers that consumers should also be covered for losses resulting from claims following legal judgements in the case of insurer or intermediary mis- selling, or fraud within a set period; requests the Commission clarify the role played by IGS in relation to intermediaries;
Amendment 33 #
Draft opinion
Paragraph 7
Paragraph 7
7. Believes thate funding arrangements for IGSs should be based on both ex-ante and ex-post funding;ex-ante funding; urges the Commission to investigate how an optimal ex-ante approach to funding could be implemented, potentially in combination with ex-post funding and portfolio transfer mechanisms to ensure an appropriate level of consumer protection, recognises that failing insurance companies should also have contributed to the contingency funding which should be in place in case of insurer failure;
Amendment 35 #
Draft opinion
Paragraph 8
Paragraph 8
8. Calls on the Commission and the Member States to endorse effective governance and supervision of the IGSs and to strengthen cooperation between national and European supervisory authoritie, by Member State competent authorities and EIOPA and to strengthen cooperation between national authorities and EIOPA in order to ensure consistency of approaches of the IGSs; insists that home supervisory systems under the surveillancewith the approval of EIOPA should test whether IGSs are capable of resisting the failure of one or more insurers and should also facilitate the exchange of information and best practices.