Activities of Philippe JUVIN related to 2016/2056(INI)
Plenary speeches (1)
Green Paper on Retail Financial Services (A8-0294/2016 - Olle Ludvigsson) FR
Amendments (10)
Amendment 8 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Recalls that retail financial services have suffered substantial legislative inflation in the past five years and that several directives have recently been, or are currently being, transposed; considers that the impact of this legislation should be assessed before any fresh legislative initiative is taken;
Amendment 12 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Stresses that businesses face numerous difficulties in developing their cross-border operations; calls therefore on the Commission and Member States to make a detailed examination of the obstacles to cross-border operations and to the completion of the single market in the financial sector;
Amendment 16 #
Draft opinion
Paragraph 1 c (new)
Paragraph 1 c (new)
1c. Recommends a proportionate regulatory approach which does not act as a brake on innovation in advance; calls on national regulators and the Commission to provide regulatory tools which encourage businesses to innovate, particularly by means of flexible regulatory systems which leave the room for manoeuvre needed for experimentation and for the development of new technologies;
Amendment 21 #
Draft opinion
Paragraph 2
Paragraph 2
2. Calls on the Commission to ensure that digitalisation brings better market access for businesses on an equal footing, especiallyincluding for SMEs and fintechs, and greater consumer choice, bringing down price differences of financial services within the EUensuring fair competition for businesses which is also beneficial to the consumer of financial services within the EU in terms of supply, pricing and quality of goods and services;
Amendment 26 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Considers that digitisation creates new opportunities for consumers and businesses with regard to competition and services, and could help to improve the competitiveness of the financial services industry; acknowledges, however, that digitisation cannot by itself overcome certain legal obstacles to cross-border operations; calls therefore on the Commission to make the necessary adjustments to European legislation to make it possible to adapt existing European directives and regulations to the needs of the digital society;
Amendment 28 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Calls on the the Commission to assess whether European legislation is sufficiently well adapted to the needs of the digital economy; calls for the elimination of obstacles to distance selling of financial goods and services while guaranteeing a high level of consumer protection; draws attention to the need to promote mutual recognition and interoperability of digital identification techniques for the private sector within the EU, without affecting the level of security of existing systems;
Amendment 30 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes the increasing number of new types of service provider operating in this market; considers that this may bring significant benefits for consumers, with adequate regulation to ensure high levels of security and transparency; calls, accordingly, for a competitive framework which treats the various actors on the market equitably;
Amendment 34 #
Draft opinion
Paragraph 4
Paragraph 4
4. Is concerned thatStresses that greater consumer trust in financial services remains lowis needed, and calls on the Commission to bring forward measures to improve consumer financial literacy, to increase the transparency of these products, and to remove consumer barriers to switchingencourage the financial education of consumers so that they can take good decisions and act responsibly; expresses its concern for compliance with, and proper transposition of, obligations relating to the transparency of financial services; encourages the comparability of these products when it is possible, particularly by means of easy-to-use comparison websites;
Amendment 47 #
Draft opinion
Paragraph 5
Paragraph 5
5. Considers that unjustifiedit is important to recall that businesses are not permitted to discriminatie on bagrounds of nationality, sedx onr residence and price differences for common retail financial products between Member States requires urgent action; suggests that comparison tools play a role in bringing down price differenligion and must comply with the requirements to avoid discrimination laid down in Article 14 of, and Protocol 12 to, the European Convention on Human Rights; suggests that comparison tools can help consumers to compare the prices and quality of the various goods and services;
Amendment 58 #
Draft opinion
Paragraph 8
Paragraph 8
8. Emphasises the importance of availability of alternative dispute resolution (ADR) and online dispute resolution (ODR), especially cross-border, as efficient redressas efficient conflict resolution is key to the single market and consumer trust;