7 Amendments of Burkhard BALZ related to 2016/2243(INI)
Amendment 35 #
Motion for a resolution
Recital D
Recital D
D. whereas FinTech developments should contribute to the competitiveness of the European financial system and economy, without hamperhile enhancing financial stability and while maintaining the highest possible level of consumer protection;
Amendment 85 #
Motion for a resolution
Recital L
Recital L
L. whereas to facilitate FinTech it is important to create a coherent and supportive framework that enables online identification and authentication tools; in this context, emphasises the importance of technology in fostering a strong FinTech ecosystem in Europe;
Amendment 88 #
Motion for a resolution
Recital L a (new)
Recital L a (new)
La. whereas to date, the development of a FinTech ecosystem in Europe has been hampered by divergent regulation across different Member States and a lack of collaboration across markets; considers that decisive EU action with a view to fostering a common approach to FinTech is important in the development of a strong FinTech ecosystem in Europe;
Amendment 105 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Considers that FinTech can help to enable the success of Capital Markets Union initiatives and encourages the Commission to harness the benefits of FinTech in driving forward the Capital Markets Union project;
Amendment 145 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Notes that regulatory sandboxes have the potential to bring together a wide range of market participants including start-ups, large financial services firms, technology firms and regulators to test new innovative approaches to FinTech; calls on Member States to consider the introduction of regulatory sandboxes as a way forward for developing FinTech solutions;
Amendment 181 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Considers that there is still considerable regulatory uncertainty around InsurTech and stresses that this needs to be addressed to ensure security, privacy, fair competition, and financial stability; emphasises that greater legal certainty will help to ensure that consumers of poorly regulated InsurTech firms do not fall victim to losses or mis- selling and will help both companies and consumers to better utilise InsurTech solutions;
Amendment 192 #
Motion for a resolution
Paragraph 9 b (new)
Paragraph 9 b (new)
9b. Stresses the need to ensure that financial stability is enhanced alongside the development of FinTech solutions; encourages the examination of open source, peer-reviewed technology as a means of achieving this goal;