7 Amendments of Philippe JUVIN related to 2017/2066(INI)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Welcomes the Consumer Financial Services Action Plan and its focus on many of the key issues and initiatives raised in Parliament’s report on the Green Paper on Retail Financial Services and the opinion of the Committee on the Internal Market and Consumer Protection (IMCO), in particular those on cross-border transaction fees, pricing for car rentals, motor insurance and eIDAS, and those aiming to increase transparency in general;
Amendment 14 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Recalls that retail financial services have faced substantial legislative inflation in the past five years and that several directives have recently been, or are currently being, transposed or implemented;recalls the importance to focus on the implementation and enforcement of those texts first;
Amendment 20 #
Draft opinion
Paragraph 3
Paragraph 3
3. Underlines that consumers need to be able to choose the best rates and be aware of fees and other associated costs when making transactions or payments abroad, including when using dynamic currency conversion (DCC); asks the Commission to require that the value of a transaction be displayed both in local currency and in the consumer’s home currency at the time of the transaction, and that rates offered by different financial service providers be displayed in a transparent manner, and calls for a neutral reference rate provided by a non- business actoin a transparent manner;
Amendment 30 #
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the review and cutback of national trade barriers but cautions that this should not result in lower consumer protection standards with further consideration for the level playing field to ensure that consumers are not put at risk and that financial stability is maintained, irrespective of the service provider;
Amendment 38 #
Draft opinion
Paragraph 5
Paragraph 5
5. Reiterates its view that online comparison tools can substantially improve comparability between various financial products and help consumers to make an informed decision; asks the Commission taking into consideration that comparison tools must be accurate and of relevance to consumers and must focus not only on the prices of products but also on their quality, bearing in mind that only similar products/services can be compared; asks the Commission to work first with stakeholders to enhance the quality and reliability of financial services comparison websites existing nationally before considering to monitor the rollout and uptake of the stakeholders’' initiative ‘'Key principles for comparison tools’', including voluntary certification schemes, and to evaluate the need for compulsory certification;
Amendment 40 #
Draft opinion
Paragraph 5a (new)
Paragraph 5a (new)
5 a. Calls on the Commission to consider the motion for a European Parliament resolution on FinTech: the influence of technology on the future of the financial sector (2016/2243(INI));and promote consumer protection, security, innovation, fair competition and ensure the principle of "same services, same risks, same rules, same supervision" apply to all companies regardless of their sector or location; stress that FinTech should be understood as finance enabled by or provided via new technologies, affecting the whole financial sector in all its components, from banking to insurance, pension funds, investment advice, payment services and market infrastructures;
Amendment 45 #
Draft opinion
Paragraph 6
Paragraph 6
6. Stresses the potential of e-signature and e-identification for easier transactions; underlines the importance of system security to combat potential identity theft and the need for financial non-discriminto take into consideration of persons unable or unwilling to use e- signature. Promotes interoperability of cross-border e-identification in the financial services sector and ensure a level playing field across Member States (and possibly beyond in EEA countries and Switzerland); Stresses that any initiative taken should be technology- neutral;