{"change_dates":[],"dossier":{"amendments":[{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-1","location":[["Motion for a resolution","Citation 7 a (new)"]],"meps":[96730],"meta":{"created":"2019-07-03T06:14:54"},"new":["- having regard to the April 2016","European Insurance and Occupational","Pensions Authority 'Opinion to EU","Institutions on a Common Framework for","Risk Assessment and Transparency for","IORPs',"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"1","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-2","location":[["Motion for a resolution","Citation 17 a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:14:54"},"new":["- having regard to the report of the","European Parliament \"on stocktaking","and challenges of the EU Financial","Services Regulation: impact and the way","forward towards a more efficient and","effective EU framework for Financial","Regulation and a Capital Markets Union\"","(2015/2106(INI)),"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"2","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Jakob von Weizs\u00e4cker","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-3","location":[["Motion for a resolution","Citation 17 a (new)"]],"meps":[124840],"meta":{"created":"2019-07-03T06:14:54"},"new":["- having regard to the Resolution of","the European Parliament on virtual","currencies (T8-0228/2016),"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"3","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-4","location":[[" Motion for a resolution","Citation 18 a (new)"]],"meps":[96730],"meta":{"created":"2019-07-03T06:14:54"},"new":["- having regard to the EBA response","to the EU Commission Green Paper on","Retail Financial Services (COM","2015(630)) of 21 March 2016,"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"4","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-5","location":[[" Motion for a resolution","Recital -A (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:14:54"},"new":["-A. whereas the EU market in retail","financial services is still rather","underdeveloped, for example in terms of","the low number of cross-border","transactions, and there is a substantial","potential for improvements in several","parts of that market;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"5","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-6","location":[["Motion for a resolution","Recital A"]],"meps":[96849],"meta":{"created":"2019-07-03T06:14:54"},"new":["deleted"],"old":["A. whereas the dynamics of retail","financial services markets in many","Member States, featuring a combination","of high concentration and inadequate","competition, tend to result in limited","choice and low value for money;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"6","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-7","location":[["Motion for a resolution","Recital A"]],"meps":[124825],"meta":{"created":"2019-07-03T06:14:55"},"new":["A. whereas the dynamics of retail","financial services markets in many","Member States, which are characterised","by weak competition stemming from","overregulation across the board, are also","being hampered by red tape;"],"old":["A. whereas the dynamics of retail","financial services markets in many","Member States, featuring a combination","of high concentration and inadequate","competition, tend to result in limited","choice and low value for money;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"7","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Werner Langen","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-8","location":[["Motion for a resolution","Recital A"]],"meps":[1928],"meta":{"created":"2019-07-03T06:14:55"},"new":["whereas the dynamics of retail","financial services markets must not give","rise to a combination of high concentration","and inadequate competition, which would","result in limited choice and low value for","money;"],"old":["A. whereas the dynamics of retail A.","financial services markets in many","Member States, featuring a combination","","of high concentration and inadequate","competition, tend to result in limited","choice and low value for money;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"8","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Nils Torvalds, Enrique Calvet Chambon, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-9","location":[[" Motion for a resolution","Recital A"]],"meps":[28266,114268,129407,97137],"meta":{"created":"2019-07-03T06:14:55"},"new":["A. whereas the dynamics of retail","financial services markets in many","Member States, featuring a combination of","high concentration and inadequate","competition, tend to result in limited choice","and low value for money, as well as huge","discrepancies between Member States;"],"old":["A. whereas the dynamics of retail","financial services markets in many","Member States, featuring a combination of","high concentration and inadequate","competition, tend to result in limited choice","and low value for money;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"9","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-10","location":[[" Motion for a resolution","Recital A"]],"meps":[96730],"meta":{"created":"2019-07-03T06:14:55"},"new":["A. whereas the dynamics of retail","financial services markets in many","Member States, featuring a combination of","high concentration and inadequate","competition, tend to result in limited choice","and low value for money; and investors","face a low interest rate environment and","simultaneously many investment products","with high costs, which results in more","money going to financial intermediaries,","and less to the real economy and retail","investors;"],"old":["A. whereas the dynamics of retail","financial services markets in many","Member States, featuring a combination of","high concentration and inadequate","competition, tend to result in limited choice","and low value for money;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"10","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-11","location":[["Motion for a resolution","Recital A a (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:14:55"},"new":["Aa. whereas removing the barriers","which prevent us from taking full","advantage of a single retail financial","services market would result in improved","competition, which should in turn lead to","a fall in prices, motivate companies to","innovate and improve product choice and","diversity; whereas a European retail","financial services market would only be","viable if it represented real added value","for consumers;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"11","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-12","location":[["Motion for a resolution","Recital A a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:14:55"},"new":["Aa. whereas the European Parliament","states in its resolution on consolidation in","the financial services industry that the","pluralistic structure of the EU banking","market, where financial institutions take","diverse legal forms in accordance with","their diverse business aims, is an asset to","the European social market economy,","consumers and the stability of the","financial markets;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"12","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-13","location":[[" Motion for a resolution","Recital Aa (new)"]],"meps":[96730],"meta":{"created":"2019-07-03T06:14:55"},"new":["Aa. whereas it is essential to give the","highest priority in the relevant Union","legislation to the issues of access, effective","competition and consumer protection in","relation to the relatively small number of","products that are actually necessary for","participation in economic life;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"13","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Enrique Calvet Chambon, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-14","location":[[" Motion for a resolution","Recital A a (new)"]],"meps":[28266,129407,97137],"meta":{"created":"2019-07-03T06:14:55"},"new":["Aa. whereas the market for retail","financial services in Europe remains","highly fragmented, requiring urgent","action to unlock the full potential of the","Single Market;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"14","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-15","location":[[" Motion for a resolution","Recital A b (new)"]],"meps":[28266,97137],"meta":{"created":"2019-07-03T06:14:55"},"new":["Ab. whereas a level playing field for","new market entrants must be ensured and","innovation facilitated;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"15","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marisa Matias, Miguel Viegas, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-16","location":[["Motion for a resolution","Recital B"]],"meps":[96820,125100,124858,124986],"meta":{"created":"2019-07-03T06:14:55"},"new":["deleted"],"old":["B. whereas the further development","of the retail financial services market at","EU level would not only facilitate","important and fruitful cross-border","activity, but would also open up greater","scope for healthy competition at national","level;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"16","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sophia in 't Veld, Nils Torvalds, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-17","location":[["Motion for a resolution","Recital B"]],"meps":[28266,114268,97137],"meta":{"created":"2019-07-03T06:14:55"},"new":["B. whereas a genuine European","internal market for retail financial services","has huge potential for providing","consumers with better financial services","and products, more choice and improved","access to financial services and products,","and lower rates;"],"old":["B. whereas the further development","of the retail financial services market at","EU level would not only facilitate","important and fruitful cross-border","activity, but would also open up greater","scope for healthy competition at national","level;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"17","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-18","location":[[" Motion for a resolution","Recital B"]],"meps":[124825],"meta":{"created":"2019-07-03T06:14:55"},"new":["B. whereas the further development of","the retail financial services market is a","matter for the private sector, and whereas","rules adopted at EU level are standing in","the way of important and fruitful cross-","border activity;"],"old":["B. whereas the further development of","the retail financial services market at EU","level would not only facilitate important","and fruitful cross-border activity, but","would also open up greater scope for","healthy competition at national level;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"18","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-19","location":[[" Motion for a resolution","Recital \u0392"]],"meps":[125069],"meta":{"created":"2019-07-03T06:14:55"},"new":["\u0392. whereas the further development of","the retail financial services market at EU","level could facilitate important and fruitful","cross-border activity and also open up","greater scope for healthy competition at","both national and European level;"],"old":["\u0392. whereas the further development of","the retail financial services market at EU","level would not only facilitate important","and fruitful cross-border activity, but","would also open up greater scope for","healthy competition at national level;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"19","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-20","location":[[" Motion for a resolution","Recital B"]],"meps":[96849],"meta":{"created":"2019-07-03T06:14:55"},"new":["B. whereas the further development of","the retail financial services market at EU","level would not only facilitate important","and fruitful cross-border activity, but might","also open up greater scope for increased","competition at national level; whereas the","impact of competition on prices will vary","according to sector and product;"],"old":["B. whereas the further development of","","the retail financial services market at EU","level would not only facilitate important","and fruitful cross-border activity, but","would also open up greater scope for","healthy competition at national level;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"20","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alfred Sant","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-21","location":[["Motion for a resolution","Recital B"]],"meps":[124781],"meta":{"created":"2019-07-03T06:14:55"},"new":["B. whereas the further development of","the retail financial services market at EU","level, with the appropriate legislative","framework imposing the needed","consumer protection, would not only","facilitate important and fruitful cross-","border activity, but would also open up","greater scope for healthy competition at","national level;"],"old":["B. whereas the further development of","the retail financial services market at EU","level would not only facilitate important","and fruitful cross-border activity, but","would also open up greater scope for","healthy competition at national level;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"21","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Anneliese Dodds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-22","location":[["Motion for a resolution","Recital B"]],"meps":[124969],"meta":{"created":"2019-07-03T06:14:55"},"new":["B. whereas the further development of","the retail financial services market at EU","level would not only facilitate important","and fruitful cross-border activity, but","would also open up greater scope for","healthy competition at national level;","whereas the Green Paper of the European","Commission mainly focuses on financial","services for citizens who are looking for","cross-border services; whereas it is","important that new proposals benefit EU","consumers across the entire internal","market to ensure that the retail financial","services market works for everyone;"],"old":["B. whereas the further development of","the retail financial services market at EU","level would not only facilitate important","and fruitful cross-border activity, but","would also open up greater scope for","healthy competition at national level;",""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"22","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Nils Torvalds, Enrique Calvet Chambon, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-23","location":[[" Motion for a resolution","Recital B a (new)"]],"meps":[28266,114268,129407,97137],"meta":{"created":"2019-07-03T06:14:56"},"new":["Ba. whereas we should remain","ambitious in breaking down national","barriers and curbing the existing","protectionist tendencies that block","innovation in retail financial services;","whereas a true single market will make","the EU attractive as the hub for","innovative financial services;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"23","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-24","location":[[" Motion for a resolution","Recital B a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:14:56"},"new":["Ba. whereas on the demand side, the","provision of retail financial services is to a","large extent a local business;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"24","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Anneliese Dodds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-25","location":[["Motion for a resolution","Recital C"]],"meps":[124969],"meta":{"created":"2019-07-03T06:14:56"},"new":["C. whereas - according to the","consultation of the European Commission","on the Green Paper on Retail Financial","Service - the reasons for the low demand","of consumers for retail financial services","include language barriers, lack of trust","due to distance selling, lack of knowledge","about products available in other Member","States, difficulty in accessing to","information, lack of knowledge and trust","in consumer redress mechanisms in other","Member States, and lack of confidence in","secure online payments and data","protection; whereas the rapid","transformation brought about by","digitisation and fintech innovation not only","creates new and often better financial","products for consumers, but also involves","key challenges in terms of security, data","protection, consumer protection and","taxation; whereas while many services are","moving online it is important to ensure","that no one is left behind and that access","should also be provided through non-","digital channels where necessary;"],"old":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for consumers, but","also involves key challenges in terms of","security, data protection, consumer","protection and taxation;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"25","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Jakob von Weizs\u00e4cker","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-26","location":[["Motion for a resolution","Recital C"]],"meps":[124840],"meta":{"created":"2019-07-03T06:14:56"},"new":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for consumers,","including by means of lowering","transaction costs and easing the access to","finance, but also involves key challenges","in terms of security, data protection,","consumer protection and taxation which","ought to be monitored closely in order to","maximize citizens' benefits;"],"old":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","","better financial products for consumers, but","also involves key challenges in terms of","security, data protection, consumer","protection and taxation;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"26","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-27","location":[[" Motion for a resolution","Recital C"]],"meps":[96730],"meta":{"created":"2019-07-03T06:14:56"},"new":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only has the potential, if","prudently managed, to create new and","often better financial products for","consumers, but also involves key","challenges in terms of security, data","protection, consumer protection and","taxation;"],"old":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for consumers, but","also involves key challenges in terms of","security, data protection, consumer","protection and taxation;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"27","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-28","location":[[" Motion for a resolution","Recital C"]],"meps":[28266,97137],"meta":{"created":"2019-07-03T06:14:56"},"new":["C. whereas the rapid transformation,","brought about by digitisation and fintech","innovation, creates new and often better","financial products for consumers and","contributes to financial inclusion, but also","involves key challenges in terms of","security, data protection, consumer","protection and taxation;"],"old":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for consumers, but","also involves key challenges in terms of","","security, data protection, consumer","protection and taxation;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"28","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-29","location":[["Motion for a resolution","Recital C"]],"meps":[96849],"meta":{"created":"2019-07-03T06:14:56"},"new":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for consumers, but","also involves key challenges in terms of","security, data protection, consumer","protection, taxation, fair competition and","financial stability;"],"old":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for consumers, but","also involves key challenges in terms of","security, data protection, consumer","protection and taxation;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"29","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-30","location":[["Motion for a resolution","Recital C"]],"meps":[125024],"meta":{"created":"2019-07-03T06:14:56"},"new":["C. whereas the rapid transformation","brought about by digitalisation and fintech","innovation not only creates new and often","more individualized financial products for","consumers, but also involves key","challenges in terms of security, data","protection, consumer protection and","taxation;"],"old":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for consumers,","but also involves key challenges in terms","of security, data protection, consumer","protection and taxation;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"30","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-31","location":[[" Motion for a resolution","Recital C"]],"meps":[124825],"meta":{"created":"2019-07-03T06:14:56"},"new":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for clients, but","also involves key challenges in terms of","security and data protection;"],"old":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for consumers,","but also involves key challenges in terms","of security, data protection, consumer","protection and taxation;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"31","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-32","location":[[" Motion for a resolution","Recital C"]],"meps":[125069],"meta":{"created":"2019-07-03T06:14:56"},"new":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and","occasionally better financial products for","consumers, but also involves serious","challenges in terms of security, data","protection, consumer protection and","taxation;"],"old":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for consumers, but","also involves key challenges in terms of","security, data protection, consumer","protection and taxation;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"32","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Pablo Zalba Bidegain","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-33","location":[[" Motion for a resolution","Recital C"]],"meps":[96763],"meta":{"created":"2019-07-03T06:14:56"},"new":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation has the potential to create new","and better financial products for","consumers, and entails, moreover, key","challenges in terms of security, data","protection, consumer protection and","taxation;"],"old":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for consumers,","but also involves key challenges in terms","of security, data protection, consumer","protection and taxation;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"33","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marisa Matias, Miguel Viegas, Dimitrios Papadimoulis, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-34","location":[["Motion for a resolution","Recital C"]],"meps":[96820,125100,28586,124858,124986],"meta":{"created":"2019-07-03T06:14:56"},"new":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation can create an easier and faster","access to financial products for consumers,","posing key challenges in terms of security,","data protection, consumer protection and","taxation;"],"old":["C. whereas the rapid transformation","brought about by digitisation and fintech","innovation not only creates new and often","better financial products for consumers,","but also involves key challenges in terms","of security, data protection, consumer","protection and taxation;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"34","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-35","location":[["Motion for a resolution","Recital C a (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:14:56"},"new":["Ca. whereas any effort made at","strengthening the EU retail financial","services market should be coordinated","with the DSM (Digital Single Market),","CMU (Capital Markets Union) and SMS","(Single Market Strategy) agendas and","have as the overall aim to strengthen job","creation, growth, financial stability and","the role of the consumer in the European","economy;"],"old":[""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"35","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Michael Theurer","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-36","location":[[" Motion for a resolution","Recital C a (new)"]],"meps":[96871],"meta":{"created":"2019-07-03T06:14:56"},"new":["Ca. whereas the completion of the","internal market is important for","consumers, it is also essential to provide","European fintech companies with the","possibilities to reap the benefits of the","internal market to compete with","traditional players in order to offer","innovative, consumer-friendly solutions","and to create jobs throughout the EU;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"36","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-37","location":[[" Motion for a resolution","Recital C a (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:14:56"},"new":["Ca. whereas micro-enterprises, SMEs","and mid-caps are the backbone of the","European economy and the drivers of","employment and growth; whereas every","European law and initiative must be","adapted to the characteristics of such","companies;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"37","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Andreas Schwab","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-38","location":[["Motion for a resolution","Recital C a (new)"]],"meps":[28223],"meta":{"created":"2019-07-03T06:14:57"},"new":["Ca. whereas the completion of the","European internal market is hugely","important for consumers and businesses,","and whereas innovative new actors are","starting to offer alternatives to existing","services;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"38","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marisa Matias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-39","location":[["Motion for a resolution","Recital C a (new)"]],"meps":[96820],"meta":{"created":"2019-07-03T06:14:57"},"new":["Ca. whereas the Commission should","ensure that citizens continue to have","access to best offers in the internal market","also through non-digital channels to","avoid financial exclusion;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"39","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-40","location":[["Motion for a resolution","Recital C a (new)"]],"meps":[124825],"meta":{"created":"2019-07-03T06:14:57"},"new":["Ca. whereas investors are not","consumers, and should therefore be","protected only as investors;"],"old":[""],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"40","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Nils Torvalds, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-41","location":[[" Motion for a resolution","Recital C a (new)"]],"meps":[28266,114268,97137],"meta":{"created":"2019-07-03T06:14:57"},"new":["Ca. whereas for the first quarter of","2016 the fintech funding in Europe","accounts to only 348m$, compared to","1.8b$ in North America and 2.6b$ in","China, which demonstrates the urgent","need for quick mentality shift and","adequate regulatory response to","technological developments in order for","Europe to become a lead market for","innovation;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"41","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Nils Torvalds, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-42","location":[[" Motion for a resolution","Recital C b (new)"]],"meps":[28266,114268,97137],"meta":{"created":"2019-07-03T06:14:57"},"new":["Cb. whereas fiscal, regulatory and","technical barriers must be urgently","eliminated with a view to unlocking the","full potential of the single European","market for retail financial services;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"42","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-43","location":[["Motion for a resolution","Recital C c (new)"]],"meps":[28266,97137],"meta":{"created":"2019-07-03T06:14:57"},"new":["Cc. whereas multinational companies","with branches in several Member States","can circumvent these barriers more easily","than small companies;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"43","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sophia in 't Veld, Nils Torvalds, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-44","location":[["Motion for a resolution","Recital C d (new)"]],"meps":[28266,114268,97137],"meta":{"created":"2019-07-03T06:14:57"},"new":["Cd. whereas disruptive technologies","present regulatory challenges, but also","offer great opportunities for innovation","and an impulse to economic growth and","jobs;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"44","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Miguel Viegas, Marisa Matias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-45","location":[["Motion for a resolution","Paragraph 1"]],"meps":[125100,96820],"meta":{"created":"2019-07-03T06:14:57"},"new":["1. Points out that the European","Commission Green Paper on retail","financial services (defined as including","insurance) links up with, and is","complemented by, initiatives such as the","Digital Single Market, the Capital","Markets Union, and the Single Market","Strategy, whose aims and effects entail","more extreme economic deregulation for","the benefit of big business and the EU\u2019s","major powers, thus damaging workers,","micro, small, and medium-sized","entrepreneurs, and national production","systems and hence running counter to the","interests of peoples, workers, and Member","States;"],"old":["1. Welcomes the Commission Green","Paper on retail financial services (defined","as including insurance) and the vivid and","productive debate that it has generated so","far;",""],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"45","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marco Valli, Marco Zanni","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-46","location":[[" Motion for a resolution","Paragraph 1"]],"meps":[124778,124780],"meta":{"created":"2019-07-03T06:14:57"},"new":["1. Notes that the Commission Green","Paper on retail financial services (defined","as including insurance, loans, payments,","current and savings accounts and any","other retail investment product) and the","vivid and productive debate that it has","generated so far have focused on the","obstacles to the expansion of cross-border","activities rather than on the need to","address the persistent deficiencies and","weaknesses of the regulatory and","supervisory framework for retail financial","services, in order to increase protection","for depositors, savers and small investors;"],"old":["1. Welcomes the Commission Green","Paper on retail financial services (defined","as including insurance) and the vivid and","productive debate that it has generated so","far;"],"orig_lang":"it","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"46","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-47","location":[[" Motion for a resolution","Paragraph 1"]],"meps":[125069],"meta":{"created":"2019-07-03T06:14:57"},"new":["1. Expresses its satisfaction at the","Commission Green Paper on retail","financial services (defined as including","insurance) and the debate that it has","generated so far;"],"old":["1. Welcomes the Commission Green","","Paper on retail financial services (defined","as including insurance) and the vivid and","productive debate that it has generated so","far;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"47","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-48","location":[["Motion for a resolution","Paragraph 1"]],"meps":[96849],"meta":{"created":"2019-07-03T06:14:57"},"new":["1. Welcomes the Commission Green","Paper on retail financial services (defined","as including insurance) and the vivid and","productive debate that it has generated so","far; also welcomes the public consultation","on the Green Paper, which has given","those involved the chance to put forward","their opinions based on their specific","situations and/or sectors; underlines that","a single approach for retail financial","services would be counter-productive,","given the diversity of the actors and","products concerned;"],"old":["1. Welcomes the Commission Green","Paper on retail financial services (defined","as including insurance) and the vivid and","productive debate that it has generated so","far;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"48","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-49","location":[["Motion for a resolution","Paragraph 1 a (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:14:58"},"new":["1a. Takes the view that digitalisation","will continue to create new opportunities","for consumers, investors, SMEs and other","companies in terms of competition, cross-","border activities and innovation; stresses","that digitalisation alone is not sufficient to","create a viable European retail financial","services market; notes that the many","obstacles such as the various tax, social,","judicial, health, contract and consumer","protection regimes, as well as the different","languages and cultures, cannot be","overcome solely by means of","digitalisation; asks the Commission to","adapt European legislation to the digital","economy;"],"old":[""],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"49","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marisa Matias, Paloma L\u00f3pez Bermejo, Fabio De Masi, Matt Carthy, Miguel Viegas","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-50","location":[[" Motion for a resolution","Paragraph 2"]],"meps":[96820,125047,124858,124986,125100],"meta":{"created":"2019-07-03T06:14:58"},"new":["deleted"],"old":["2. Finds the Green Paper initiative to","be timely, particularly given the need to","work proactively at all stages of the","policymaking process in order to be able","to track and steer developments in such","an innovative and fast-changing market;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"50","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Miguel Viegas, Marisa Matias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-51","location":[[" Motion for a resolution","Paragraph 2"]],"meps":[125100,96820],"meta":{"created":"2019-07-03T06:14:58"},"new":["2. Views the Green Paper initiative","with great disquiet, and once again","deplores the fact that opportunities for","digitalisation and consumer","empowerment are being used as a pretext","to set up a single market for retail","financial services whose chief","consequences will be on the one hand to","intensify the free movement of capital","and, secondly, to wipe out smaller","businesses operating in the sector and","thereafter to concentrate capital and","wealth in the hands of the largest EU-","wide financial groups, thus enhancing","their hegemony and diminishing the","autonomy and sovereignty of Member","States;"],"old":["2. Finds the Green Paper initiative to","be timely, particularly given the need to","work proactively at all stages of the","policymaking process in order to be able","to track and steer developments in such","an innovative and fast-changing market;",""],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"51","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marco Valli, Marco Zanni","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-52","location":[["Motion for a resolution","Paragraph 2"]],"meps":[124778,124780],"meta":{"created":"2019-07-03T06:14:58"},"new":["2. Finds the initiative to promote","greater liberalisation of retail financial","services set out in the Green Paper to be","rather imprudent, particularly given the","need to address appropriately the sources","of instability, inefficiency and systemic","risk that are still present in the European","banking and financial sector; agrees,","however, with the ambition to work","proactively at all stages of the","policymaking process in order to be able to","track and steer developments in such an","innovative and fast-changing market, but","stresses the need to curb the potential","negative effects of technological and","financial innovation, by monitoring and","combating effectively the risks relating to","circumvention of the rules and of","supervision, tax evasion, tax fraud and","tax avoidance, and the laundering of the","proceeds of illegal activities;"],"old":["2. Finds the Green Paper initiative to","be timely, particularly given the need to","work proactively at all stages of the","policymaking process in order to be able to","track and steer developments in such an","innovative and fast-changing market;"],"orig_lang":"it","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"52","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-53","location":[[" Motion for a resolution","Paragraph 2"]],"meps":[125069],"meta":{"created":"2019-07-03T06:14:58"},"new":["2. Finds the Green Paper initiative to","be significant, given the need to be able to","track and steer developments in such an","innovative and fast-changing market;"],"old":["2. Finds the Green Paper initiative to","be timely, particularly given the need to","work proactively at all stages of the","policymaking process in order to be able","to track and steer developments in such an","innovative and fast-changing market;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"53","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Nils Torvalds, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-54","location":[[" Motion for a resolution","Paragraph 2"]],"meps":[28266,114268,97137],"meta":{"created":"2019-07-03T06:14:58"},"new":["2. Finds the Green Paper initiative to","be timely, given the need to respond","quickly and adequately to developments in","such an innovative and fast-changing","market;"],"old":["2. Finds the Green Paper initiative to","be timely, particularly given the need to","work proactively at all stages of the","policymaking process in order to be able","to track and steer developments in such an","innovative and fast-changing market;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"54","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-55","location":[[" Motion for a resolution","Paragraph 2"]],"meps":[124825],"meta":{"created":"2019-07-03T06:14:58"},"new":["2. Finds the Green Paper initiative to","be timely, particularly given the need to","work cautiously at all stages of the","policymaking process in order not to","jeopardise developments in such an","innovative and fast-changing market;"],"old":["2. Finds the Green Paper initiative to","be timely, particularly given the need to","work proactively at all stages of the","","policymaking process in order to be able to","track and steer developments in such an","innovative and fast-changing market;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"55","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-56","location":[["Motion for a resolution","Paragraph 2"]],"meps":[96849],"meta":{"created":"2019-07-03T06:14:58"},"new":["2. Finds the Green Paper initiative to","be timely, particularly given the need to","work proactively at all stages of the","policymaking process in order to be able to","track and steer developments in such an","innovative and fast-changing market;","stresses that a large number of legislative","texts have been drawn up in recent years","in the area of retail financial services;","asks the Commission to give priority to the","transposition and implementation of this","legislation over proposing new legislative","initiatives;"],"old":["2. Finds the Green Paper initiative to","be timely, particularly given the need to","work proactively at all stages of the","policymaking process in order to be able to","track and steer developments in such an","innovative and fast-changing market;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"56","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Pablo Zalba Bidegain","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-57","location":[["Motion for a resolution","Paragraph 2 a (new)"]],"meps":[96763],"meta":{"created":"2019-07-03T06:14:58"},"new":["2a. Considers simplifying legislation","to be crucial in efforts to make products","more easily comparable across the EU's","various markets, particularly in the","insurance sector;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"57","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-58","location":[[" Motion for a resolution","Paragraph 2 a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:14:58"},"new":["2a. Welcomes a clear regulatory","framework on data flow; believes data","shall flow freely within the same","company; believes that markets provide","for business potentials if a clear legal","framework takes away legal uncertainty;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"58","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Andreas Schwab","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-59","location":[[" Motion for a resolution","Paragraph 3"]],"meps":[28223],"meta":{"created":"2019-07-03T06:14:58"},"new":["3. Points out that new types of service","provider are constantly joining this","market and that regulatory asymmetries","are emerging as a result of the differences","in the types of service provider involved;","Underlines the importance of promoting","positive developments in this market, and","emphasises, therefore, in that connection,","that a competitive legal framework must be","created in which individual economic","actors are treated the same, in a","technology- and business-model-neutral","way; points out that such an approach is","necessary, not least in order to give new","and innovative SMEs a fair chance;"],"old":["3. Underlines the importance of","promoting positive developments in this","market by creating and maintaining a","level playing field where the rules are as","technology- and business-model-neutral as","is feasible; points out that such an","approach is necessary, not least in order to","give new and innovative SMEs a fair","chance;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"59","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sophia in 't Veld, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-60","location":[["Motion for a resolution","Paragraph 3"]],"meps":[28266,97137],"meta":{"created":"2019-07-03T06:14:59"},"new":["3. Underlines the importance of","promoting positive developments in","market in retail finance by creating and","maintaining a level playing field between","incumbent operators and new entrants,","with rules as technology- and business-","model-neutral as is feasible; points out, that","such an approach is necessary, not least in","order to give new and innovative SMEs a","fair chance;"],"old":["3. Underlines the importance of","promoting positive developments in this","market by creating and maintaining a level","playing field where the rules are as","technology- and business-model-neutral as","is feasible; points out that such an approach","is necessary, not least in order to give new","and innovative SMEs a fair chance;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"60","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-61","location":[["Motion for a resolution","Paragraph 3"]],"meps":[96957],"meta":{"created":"2019-07-03T06:14:59"},"new":["3. Underlines the importance of","promoting positive developments in this","market by creating a competitive","environment where the rules are as","technology- and business-model-neutral as","possible; points out that such an approach","is necessary, not least in order to help","innovative SMEs and start-ups to grow;"],"old":["3. Underlines the importance of","promoting positive developments in this","market by creating and maintaining a","level playing field where the rules are as","technology- and business-model-neutral as","is feasible; points out that such an","approach is necessary, not least in order to","give new and innovative SMEs a fair","chance;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"61","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-62","location":[[" Motion for a resolution","Paragraph 3"]],"meps":[125069],"meta":{"created":"2019-07-03T06:14:59"},"new":["3. Underlines the importance of","promoting positive developments in this","market by creating and maintaining a level","playing field where the rules are as","technology- and business-model-neutral as","is feasible; points out that such an approach","is necessary, not least in order to give all","SMEs a fair chance;"],"old":["3. Underlines the importance of","promoting positive developments in this","market by creating and maintaining a level","playing field where the rules are as","technology- and business-model-neutral as","is feasible; points out that such an approach","is necessary, not least in order to give new","and innovative SMEs a fair chance;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"62","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alfred Sant","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-63","location":[[" Motion for a resolution","Paragraph 3"]],"meps":[124781],"meta":{"created":"2019-07-03T06:14:59"},"new":["3. Underlines the importance of","promoting positive developments in this","market by creating and maintaining a level","playing field for all stakeholders where the","rules are as technology- and business-","model-neutral as is feasible; points out that","such an approach is necessary, not least in","order to give new and innovative SMEs a","fair chance;"],"old":["3. Underlines the importance of","promoting positive developments in this","market by creating and maintaining a level","playing field where the rules are as","technology- and business-model-neutral as","is feasible; points out that such an approach","is necessary, not least in order to give new","and innovative SMEs a fair chance;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"63","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-64","location":[[" Motion for a resolution","Paragraph 3"]],"meps":[96730],"meta":{"created":"2019-07-03T06:14:59"},"new":["3. Underlines the importance of","promoting positive developments in this","market by creating and maintaining a level","playing field where the rules are as","technology- and business-model-neutral as","is feasible; points out that such an approach","is necessary, not least in order to give new","and innovative SMEs a fair chance;","underlines that a proportionate approach","of \"same services, same risks, same","rules\" should apply to all companies","regardless of their sector or location to","promote fair competition; highlights that","the creation of \"contact points\" which","allow stakeholders to report unlawful","application of EU passporting provisions","could foster market integration;"],"old":["3. Underlines the importance of","promoting positive developments in this","market by creating and maintaining a level","playing field where the rules are as","technology- and business-model-neutral as","is feasible; points out that such an approach","is necessary, not least in order to give new","and innovative SMEs a fair chance;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"64","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-65","location":[["Motion for a resolution","Paragraph 3 a (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:14:59"},"new":["3a. Asks the Commission to ensure","that the same rules apply to any given","service in order to avoid creating","distortions of competition, particularly","with the emergence of new providers of","retail financial services; stresses that","these rules must not act as a brake on","innovation;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"65","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-66","location":[[" Motion for a resolution","Paragraph 3 b (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:14:59"},"new":["3b. Stresses that a European retail","financial services market must benefit","SMEs in terms of both supply and","demand; in terms of supply, this means","ensuring an improvement in access to","financing for SMEs; in terms of demand,","it means enabling SMEs to access cross-","border markets more easily; emphasises","that increasing competition must not","penalise SMEs providing retail financial","services which operate on a local basis;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"66","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Miguel Viegas, Marisa Matias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-67","location":[[" Motion for a resolution","Paragraph 4"]],"meps":[125100,96820],"meta":{"created":"2019-07-03T06:14:59"},"new":["4. Emphasises that the low levels of","consumer trust and satisfaction where","financial services are concerned have","been caused by the behaviour of financial","institutions themselves, since the","2007/2008 financial crisis, subsequent","events in the retail banking sector in","several Member States, and the sector\u2019s","own direct and indirect involvement in tax","avoidance and evasion schemes have been","the driving forces behind this","dissatisfaction and the sector\u2019s bad","reputation; considers it important,","therefore, to improve consumer financial","literacy and to make financial products","more transparent; takes the view,","however, that access to transparent,","straightforward and good-value-for-money","products will not be sufficient to reverse","the current situation and that, in order to","make this happen, not only will financial","institutions have to change their attitude","to their customers, but a proper legal","framework will also need to be","established, alongside strong regulators","and public scrutiny of the financial","system;"],"old":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper","initiative can succeed only if it has a","strong focus on creating an EU market in","which well-protected consumers have","access to transparent, straightforward and","good-value-for-money products;",""],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"67","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-68","location":[["Motion for a resolution","Paragraph 4"]],"meps":[124825],"meta":{"created":"2019-07-03T06:14:59"},"new":["4. Emphasises, in particular because","of low levels of client trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which clients","have access to suitable products; insists","that legislative measures must not","jeopardise the current availability of a","wide range of services for private clients;"],"old":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"68","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marisa Matias, Dimitrios Papadimoulis, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-69","location":[["Motion for a resolution","Paragraph 4"]],"meps":[96820,28586,124858,124986],"meta":{"created":"2019-07-03T06:14:59"},"new":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which consumers","are effectively protected;"],"old":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","","value-for-money products;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"69","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-70","location":[[" Motion for a resolution","Paragraph 4"]],"meps":[96849],"meta":{"created":"2019-07-03T06:14:59"},"new":["4. Emphasises, in particular in order","to boost consumer trust in the single","market, that the Green Paper initiative can","succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products;"],"old":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"70","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marco Valli, Marco Zanni","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-71","location":[[" Motion for a resolution","Paragraph 4"]],"meps":[124778,124780],"meta":{"created":"2019-07-03T06:14:59"},"new":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","reforming the banking and financial","sector, by building on the lessons learned","from the crisis and combating the","expansion of the shadow banking system","and speculative, high-risk finance; calls","for work to be done on specific proposals","that seek to strengthen the commercial,","sustainable bank model that focuses on","the real economy, in addition to creating a","financial market which is more","transparent, efficient and reliable, in","which savers and small investors can","compete on a level playing-field with","other market operators and in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products;"],"old":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products;",""],"orig_lang":"it","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"71","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-72","location":[["Motion for a resolution","Paragraph 4"]],"meps":[125069],"meta":{"created":"2019-07-03T06:14:59"},"new":["4. Emphasises that, because of low","levels of consumer trust and satisfaction in","particular, the Green Paper initiative can","succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products achieving a fair","cost price/selling price ratio;"],"old":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"72","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alfred Sant","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-73","location":[["Motion for a resolution","Paragraph 4"]],"meps":[124781],"meta":{"created":"2019-07-03T06:14:59"},"new":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have equal","opportunities and access to transparent,","straightforward and good-value-for-money","products;"],"old":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","","value-for-money products;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"73","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-74","location":[[" Motion for a resolution","Paragraph 4"]],"meps":[125046],"meta":{"created":"2019-07-03T06:14:59"},"new":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers, users, savers and","investors have unlimited cross-border","access to transparent, straightforward and","good-value-for-money products;"],"old":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"74","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Anneliese Dodds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-75","location":[[" Motion for a resolution","Paragraph 4"]],"meps":[124969],"meta":{"created":"2019-07-03T06:14:59"},"new":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products; acknowledges","the positive value of providing customers","with simple, safe and standardized","products; calls on the European","Commission to introduce a simple and","safe financial products framework,","building on the success of Directive","2014/92 on basic bank accounts;"],"old":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products;",""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"75","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-76","location":[["Motion for a resolution","Paragraph 4"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:00"},"new":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products; calls on the","European Supervisory Authorities to","regularly assess the impact of tying","practices on prices and competition of","retail financial services; emphasises the","benefit of providing customers with","simple, standardised and portable","products, as well as default options and","benchmarks in different product","categories that would match the needs of","the majority of consumers who are not","engaged in making active financial","choices; welcomes the work on the Pan-","European Personal Pension Product","(PEPP) initiated by EIOPA; calls on the","Commission to take legislative initiative to","introduce standardized and basic","financial services products in the field of","car and travel insurance and basic","investment products, building on the","success of the Basic Bank Accounts","Directive and elaborating further on","options to provide basic payment account","with strengthened cross-border functions;"],"old":["4. Emphasises, in particular because","of low levels of consumer trust and","satisfaction, that the Green Paper initiative","can succeed only if it has a strong focus on","creating an EU market in which well-","protected consumers have access to","transparent, straightforward and good-","value-for-money products;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"76","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-77","location":[[" Motion for a resolution","Paragraph 4 a (new)"]],"meps":[28266],"meta":{"created":"2019-07-03T06:15:00"},"new":["4a. Stresses the importance of the","simplification of regulatory standards, the","harmonised and coherent enforcement of","retail finance legislation across Member","States and the need for an efficient","dispute resolution mechanism as well as","the possibility for collective redress;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"77","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Markus Ferber","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-78","location":[[" Motion for a resolution","Paragraph 4 a (new)"]],"meps":[1917],"meta":{"created":"2019-07-03T06:15:00"},"new":["4a. Emphasises that the proposals","which emerge from the Green Paper must","be consistent with the proportionality","principle;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"78","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Miguel Viegas, Marisa Matias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-79","location":[[" Motion for a resolution","Paragraph 5"]],"meps":[125100,96820],"meta":{"created":"2019-07-03T06:15:00"},"new":["5. Takes the view that the possibility","for customers to open bank accounts with","institutions not physically based in their","Member State of residence, without","having to go to the offices of such","institutions in person, and for remote","signature of contracts and distance","verification of identity to be used for that","purpose, will serve not only to encourage","capital flight in future financial crises,","but also to undermine measures to combat","money laundering; is accordingly","concerned about the impact which","initiatives based on the Green Paper might","have on the stability of the financial","system and economies, and on the","effectiveness of measures to combat","money laundering and of the fight against","tax fraud and tax evasion;"],"old":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"79","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Danuta Maria H\u00fcbner","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-80","location":[["Motion for a resolution","Paragraph 5"]],"meps":[96779],"meta":{"created":"2019-07-03T06:15:00"},"new":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud, tax","evasion and money laundering;"],"old":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"80","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-81","location":[["Motion for a resolution","Paragraph 5"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:00"},"new":["5. Recalls that all initiatives based on","the Green Paper should be fully in line","with the fight against tax fraud, tax evasion","and tax avoidance;"],"old":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"81","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-82","location":[[" Motion for a resolution","Paragraph 5"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:00"},"new":["5. Recalls that all initiatives based on","the Green Paper should facilitate efforts to","escalate the fight against tax fraud,","avoidance and evasion;"],"old":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"82","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-83","location":[[" Motion for a resolution","Paragraph 5"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:00"},"new":["5. Recalls that all initiatives based on","the Green Paper should be cognisant of the","international fight against tax fraud and","tax evasion;"],"old":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"83","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marco Valli, Marco Zanni","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-84","location":[["Motion for a resolution","Paragraph 5"]],"meps":[124778,124780],"meta":{"created":"2019-07-03T06:15:00"},"new":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax avoidance,","tax fraud and tax evasion, in addition to","measures to combat money laundering","and terrorist financing;"],"old":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion;"],"orig_lang":"it","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"84","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-85","location":[["Motion for a resolution","Paragraph 5"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:00"},"new":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion, including more efforts to","elaborate a Common Tax Identification","number;"],"old":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"85","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-86","location":[["Motion for a resolution","Paragraph 5"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:00"},"new":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion; points out that tax","competition is a key prerequisite for","prosperity in the Member States;"],"old":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion;",""],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"86","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Anneliese Dodds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-87","location":[[" Motion for a resolution","Paragraph 5"]],"meps":[124969],"meta":{"created":"2019-07-03T06:15:00"},"new":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion; warns that a lack of","cooperation between Member States on","tax matters, including on the tax","treatment of financial services and on the","classification and treatment of tax havens,","leads to a lack of a level playing field and","a distortion of competition within the","single market;"],"old":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"87","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marisa Matias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-88","location":[[" Motion for a resolution","Paragraph 5"]],"meps":[96820],"meta":{"created":"2019-07-03T06:15:00"},"new":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion; warns that unfair competition","may derive from ability to operate from","tax-friendly jurisdictions within and","outside the EU; urges the Commission to","harmonize tax treatment of financial","services within EU;"],"old":["5. Recalls that all initiatives based on","the Green Paper should be compatible with","stepping up the fight against tax fraud and","tax evasion;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"88","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-89","location":[["Motion for a resolution","Paragraph 6"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:00"},"new":["6. Notes the complexity of some retail","financial products; welcomes the recent","initiatives and instruments that allow","consumers to identify safe and simple","products within the range of products","available to them; supports initiatives such","as the Key Investment Information","Document for undertakings for collective","investments in transferrable securities","(UCITS) and the Key Information","Document for packaged retail and","insurance-based investment products","(PRIIPs); stresses the need to adapt these","information mechanisms to the digital","reality; calls for the need to ensure that","the amount of information is not so great","that it cannot be understood by","consumers;"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the","need to develop initiatives and instruments","that allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"89","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-90","location":[["Motion for a resolution","Paragraph 6"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:00"},"new":["6. Notes the increasing complexity of","retail financial products; insists that","providers must develop instruments that","allow clients to identify suitable products","within the range of products available to","them; supports initiatives such as the Key","Investment Information Document for","undertakings for collective investments in","transferrable securities (UCITS) and the","Key Information Document for packaged","retail and insurance-based investment","products (PRIIPs), and calls for them to be","simplified; calls for the requirements","concerning the provision of information","and the resulting red tape to be kept to a","minimum;"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the","need to develop initiatives and instruments","that allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"90","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marco Valli, Marco Zanni","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-91","location":[[" Motion for a resolution","Paragraph 6"]],"meps":[124778,124780],"meta":{"created":"2019-07-03T06:15:01"},"new":["6. Notes with concern the increasing","complexity and riskiness of retail financial","products; insists on the need to develop","initiatives and instruments that allow","consumers to identify safe and simple","products within the range of products","available to them and to take mindful","investment decisions based on","comprehensible, accurate information","concerning the risk/return profile, costs","and charges, all risks associated with the","investment, worst-case scenarios and","potential losses, past performance and the","investment policy; supports initiatives such","as the Key Investment Information","Document for undertakings for collective","investments in transferrable securities","(UCITS) and the Key Information","Document for packaged retail and","insurance-based investment products","(PRIIPs); considers, however, that in","order to ensure appropriate protection of","retail savers and investors, the current","macro-prudential regulatory and","supervisory framework needs to be","reviewed and strengthened; calls for","consideration of the possibility, in this","regard, of introducing restrictions or bans","on selling speculative derivatives,","structured securitisations and high-risk","subordinate bonds to retail clients, in","addition to prohibiting pension funds,","insurance companies and banks which","manage deposits and savings from","investing in these instruments;"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);",""],"orig_lang":"it","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"91","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-92","location":[["Motion for a resolution","Paragraph 6"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:01"},"new":["6. Notes the increasing complexity of","retail financial products; stresses that","simplicity and standardisation of the","products that are most essential to","consumers\u2019 needs also vastly improves","comparability and beneficial competition,","focused on the value proposition of the","whole service provided, rather than","adding contractual complexity that is","mainly marketing-driven; insists on the","need to develop initiatives and instruments","that allow consumers to identify safe and","simple products within the range of","products available to them; urges the","Commission to play a more proactive role","in using the Capital Markets Union to","support the growing Sustainable and","Responsible Investment (SRI) market by","promoting sustainable investments ,","effective and standardised Environmental,","Social and Governance (ESG) criteria","and the adequate reflection of such","criteria in investment management","systems and disclosure standards as in","IORPD; further urges the Commission to","promote ESG \"rating services\" and a","consistent framework for the green bonds","market; supports initiatives such as the","Key Investment Information Document for","undertakings for collective investments in","transferrable securities (UCITS) and the","Key Information Document for packaged","retail and insurance-based investment","products (PRIIPs); urges the regulation of","performance fees to make them symmetric","and broaden their scope to capture a","longer timeframe;"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);",""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"92","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-93","location":[[" Motion for a resolution","Paragraph 6"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:01"},"new":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that,","on the one hand, reduce the","abovementioned complexity and, on the","other, allow consumers to identify safe","and simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"93","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Danuta Maria H\u00fcbner","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-94","location":[[" Motion for a resolution","Paragraph 6"]],"meps":[96779],"meta":{"created":"2019-07-03T06:15:01"},"new":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop less complex financial products","and to support initiatives and instruments","that allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"94","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Werner Langen","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-95","location":[["Motion for a resolution","Paragraph 6"]],"meps":[1928],"meta":{"created":"2019-07-03T06:15:01"},"new":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs), but points out that the practical","benefits for consumers and investors of","the Key Information Document in its","current form must continue to be","reviewed and that adjustments may be","necessary;"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"95","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Markus Ferber","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-96","location":[[" Motion for a resolution","Paragraph 6"]],"meps":[1917],"meta":{"created":"2019-07-03T06:15:01"},"new":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs); points out, at the same time, that","the information made available to the","client must be provided in such a way as","to make an informed decision possible","and that the quality, and not the quantity,","of the information provided must be the","decisive factor;"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"96","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Pervenche Ber\u00e8s","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-97","location":[[" Motion for a resolution","Paragraph 6"]],"meps":[1985],"meta":{"created":"2019-07-03T06:15:01"},"new":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs); believes in this spirit that the","summary of prospectus should be aligned","with the Key Information Document for","packaged retail and insurance-based","investment products (PRIIPs) in order to","allow retail investors to properly assess","the risks associated with securities offered","to trading;"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"97","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Anneliese Dodds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-98","location":[["Motion for a resolution","Paragraph 6"]],"meps":[124969],"meta":{"created":"2019-07-03T06:15:01"},"new":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs); acknowledges the good and","rigorously tested disclosure requirements","of the Key Information Documents (KIDs)","in PRIIPs and calls for the disclosure","requirements of other financial products","to be aligned with that;"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"98","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-99","location":[[" Motion for a resolution","Paragraph 6"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:01"},"new":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs); recalls that consumer protection","does not necessarily entail large volumes","of information and that the focus should","rather be on the quality and","comprehensibility of information enabling","proper decision-making \u2013 information","must be relevant, accurate, comparable,","user-friendly, reliable and timely;"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"99","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jakob von Weizs\u00e4cker","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-100","location":[[" Motion for a resolution","Paragraph 6"]],"meps":[124840],"meta":{"created":"2019-07-03T06:15:01"},"new":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs); calls on the Commission to","require Key Information Documents for","all retail investment products;"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"100","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marisa Matias, Dimitrios Papadimoulis, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-101","location":[["Motion for a resolution","Paragraph 6"]],"meps":[96820,28586,124858,124986],"meta":{"created":"2019-07-03T06:15:01"},"new":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop regulations that actively limit","retail products' complexity, allowing","consumers to access safe and simple","products; supports initiatives such as the","Key Investment Information Document for","undertakings for collective investments in","transferrable securities (UCITS) and the","Key Information Document for packaged","retail and insurance-based investment","products (PRIIPs);"],"old":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"101","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Miguel Viegas, Marisa Matias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-102","location":[["Motion for a resolution","Paragraph 6"]],"meps":[125100,96820],"meta":{"created":"2019-07-03T06:15:02"},"new":["6. Notes the increasing complexity of","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; takes note of","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"old":["6. Notes the increasing complexity of","","retail financial products; insists on the need","to develop initiatives and instruments that","allow consumers to identify safe and","simple products within the range of","products available to them; supports","initiatives such as the Key Investment","Information Document for undertakings for","collective investments in transferrable","securities (UCITS) and the Key","Information Document for packaged retail","and insurance-based investment products","(PRIIPs);"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"102","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-103","location":[[" Motion for a resolution","Paragraph 6 a (new)"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:02"},"new":["6a. Notes the success of initiatives","such as 'regulatory sandboxes' whereby","regulators can work with innovative","FinTech companies to provide a flexible","framework for technologies to grow;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"103","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Markus Ferber","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-104","location":[[" Motion for a resolution","Paragraph 6 a (new)"]],"meps":[1917],"meta":{"created":"2019-07-03T06:15:02"},"new":["6a. Emphasises that double or","contradictory disclosure requirements","must be avoided, in order not to create","unnecessary red tape and not to confuse","clients;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"104","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Miguel Viegas, Marisa Matias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-105","location":[["Motion for a resolution","Paragraph 7"]],"meps":[125100,96820],"meta":{"created":"2019-07-03T06:15:02"},"new":["7. Deplores the fact that none of the","recent developments in the legislative","framework for the banking sector has","served to separate investment banking","from retail banking, to prohibit retail","banks \u2013 having granted loans \u2013 from","selling them to investment banks, or to","prohibit securitisation of assets;"],"old":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery","and Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"105","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Danuta Maria H\u00fcbner","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-106","location":[["Motion for a resolution","Paragraph 7"]],"meps":[96779],"meta":{"created":"2019-07-03T06:15:02"},"new":["7. Takes note of the recent","developments in the legislative framework","for the banking sector, in particular the","Bank Recovery and Resolution Directive","(BRRD) and the Deposit Guarantee","Schemes Directive (DGSD); recalls that","the new resolution regime introduced has","resulted in some instruments offered to","retail investors involving a higher risk of","loss than under the previous regime, of","which investors should be aware; insists","on the need to inform consumers fully","about the impact of the new rules; draws","attention in this regard to the statement of","the European Securities and Markets","Authority (ESMA) of 2 June 20161a","reminding firms of their responsibilities","under the Markets in Financial","Instruments Directive (MiFiD) when","selling financial instruments subject to","the BRRD resolution regime and calls for","full and proper implementation of the","guidelines set out therein;","__________________","1aStatement ESMA/2016/902 of 2 June","2016 \u201cMiFiD practices for firms selling","instruments subject to the BRRD","resolution regime\u201d."],"old":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules;",""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"106","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marco Valli, Marco Zanni","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-107","location":[[" Motion for a resolution","Paragraph 7"]],"meps":[124778,124780],"meta":{"created":"2019-07-03T06:15:02"},"new":["7. Regrets the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the risks and the impact of the new rules;","urges the Commission to consider the","destabilising repercussions on financial","stability and the economy caused by the","implementation of the bail-in rules in the","case of systemic failing banks; calls for","the bail-in rules to be suspended in order","to prevent losses caused by bad bank","management or the shortcomings of","regulation and supervision from being","unfairly offloaded onto current-account","holders, savers and investors; stresses, in","this regard, the importance and urgency","of carrying out an ambitious, structural","bank reform based on a clear and","effective separation between commercial","banks and investment banks, in order to","protect the deposits and savings of private","individuals and to remove incentives for","excessive risk-taking, thereby preventing","the emergence of new financial crises, the","burden of which has to be borne by","taxpayers;"],"old":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules;",""],"orig_lang":"it","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"107","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Markus Ferber","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-108","location":[["Motion for a resolution","Paragraph 7"]],"meps":[1917],"meta":{"created":"2019-07-03T06:15:02"},"new":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules in so far as","they will be affected;"],"old":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"108","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-109","location":[["Motion for a resolution","Paragraph 7"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:02"},"new":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform savers and users fully","about the impact of the new rules;"],"old":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"109","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marisa Matias, Paloma L\u00f3pez Bermejo, Dimitrios Papadimoulis, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-110","location":[[" Motion for a resolution","Paragraph 7"]],"meps":[96820,125047,28586,124858,124986],"meta":{"created":"2019-07-03T06:15:02"},"new":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists that","the need to inform consumers fully about","the impact of the new rules is not a","substitute for effective product regulation,","as the retail financial services market is","characterised by extremely asymmetrical","information;"],"old":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"110","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-111","location":[[" Motion for a resolution","Paragraph 7"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:02"},"new":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform clients fully about the","impact of the new rules;"],"old":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"111","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sven Giegold","changes":{},"committee":["ECON"],"compromise":["on behalf of the Verts/ALE Group"],"date":"2016-06-29T00:00:00","id":"PE585.531-112","location":[["Motion for a resolution","Paragraph 7"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:02"},"new":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules particularly if","their deposits or investments are at risk","from bail-in;"],"old":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"112","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Jakob von Weizs\u00e4cker","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-113","location":[["Motion for a resolution","Paragraph 7"]],"meps":[124840],"meta":{"created":"2019-07-03T06:15:02"},"new":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules; points out that","the sale of certain bailinable instruments","to retail investors is highly problematic in","terms of both, adequate consumer","protection and ensuring the practical","feasibility of a bailin and calls on the","Commission to explore options to restrict","such practice;"],"old":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"113","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-114","location":[[" Motion for a resolution","Paragraph 7"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:02"},"new":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules; asks the","Commission to check whether the","Member States are correctly applying the","directive on deposit-guarantee schemes;"],"old":["7. Recalls the recent developments in","the legislative framework for the banking","sector, in particular the Bank Recovery and","Resolution Directive and the Deposit","Guarantee Schemes Directive; insists on","the need to inform consumers fully about","the impact of the new rules;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"114","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Nils Torvalds, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-115","location":[[" Motion for a resolution","Paragraph 7 a (new)"]],"meps":[28266,114268,97137],"meta":{"created":"2019-07-03T06:15:02"},"new":["7a. Points out that a wide range of EU","laws relevant for the single market in","retail financial services has already been","adopted, such as PSD2, the MIFs","regulation, PAD, AMLD, the Mortgage","Credit directive, IDD, IORP2; calls for","full and harmonised implementation and","application, avoiding duplication and","overlaps;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"115","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-116","location":[["Motion for a resolution","Paragraph 7 a (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:02"},"new":["7a. Notes that a European retail","financial services market will only be","feasible if consumers benefit from the","same legal protection throughout the EU;","highlights the need to update and promote","the 'FIN-NET' financial dispute","resolution network;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"116","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-117","location":[["Motion for a resolution","Paragraph 7 a (new)"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:03"},"new":["7a. Notes that the lack of an","Insurance Guarantee Scheme in some","Member States has the potential to","undermine consumer confidence and","calls on the Commission to consider","legislation to mandate Insurance","Guarantee Scheme Coverage."],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"117","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sophia in 't Veld, Nils Torvalds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-118","location":[["Motion for a resolution","Paragraph 8"]],"meps":[28266,114268],"meta":{"created":"2019-07-03T06:15:03"},"new":["deleted"],"old":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies,","that the financial inclusion perspective","should always be kept in mind, and that","","measures should be taken to ensure that","all consumers have access to at least the","most essential financial services;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"118","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marco Valli, Marco Zanni","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-119","location":[[" Motion for a resolution","Paragraph 8"]],"meps":[124778,124780],"meta":{"created":"2019-07-03T06:15:03"},"new":["8. Stresses that the financial","inclusion perspective should always be","kept in mind, also against the background","of positive digitisation processes, as an","instrument with which to combat social","and economic exclusion and growing","poverty, and as a tool to support start-ups","and micro, small and medium-sized","companies; stresses also that specific","measures should be taken to ensure that all","consumers, including disadvantaged and","non-bankable people, have access to","essential financial services that are","appropriate for their requirements, under","beneficial terms, in particular by","strengthening micro-credit and micro-","finance instruments, local cooperative","banks, peer-to-peer lending and","crowdfunding with a high social impact;"],"old":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies,","that the financial inclusion perspective","should always be kept in mind, and that","measures should be taken to ensure that all","consumers have access to at least the most","essential financial services;"],"orig_lang":"it","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"119","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-120","location":[[" Motion for a resolution","Paragraph 8"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:03"},"new":["8. Stresses the opportunity that","digitalisation provides for financial","services businesses and consumers;"],"old":["8. Stresses, not least given that","","otherwise positive digitisation processes","could trigger exclusionary tendencies,","that the financial inclusion perspective","should always be kept in mind, and that","measures should be taken to ensure that","all consumers have access to at least the","most essential financial services;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"120","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-121","location":[["Motion for a resolution","Paragraph 8"]],"meps":[97137],"meta":{"created":"2019-07-03T06:15:03"},"new":["8. Stresses that the financial inclusion","perspective should always be kept in mind,","and that measures should be taken to","ensure that all consumers have access to at","least the most essential financial services;"],"old":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken to ensure that all","consumers have access to at least the most","essential financial services;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"121","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-122","location":[["Motion for a resolution","Paragraph 8"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:03"},"new":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective and","measures to ensure that consumers are","better informed regarding financial","matters should always be kept in mind, and","that measures should be taken to ensure","that all consumers have access to at least","the most essential financial services;"],"old":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken to ensure that all","consumers have access to at least the most","essential financial services;",""],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"122","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-123","location":[[" Motion for a resolution","Paragraph 8"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:03"},"new":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken, in keeping with the","principle of freedom of contract, to ensure","that all consumers have access to at least","the most essential financial services;"],"old":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken to ensure that all","consumers have access to at least the most","essential financial services;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"123","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-124","location":[[" Motion for a resolution","Paragraph 8"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:03"},"new":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken to ensure that all users","have access to at least the most essential","financial services, including a current","account, an interest-bearing savings","account and a payment card;"],"old":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken to ensure that all","consumers have access to at least the most","essential financial services;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"124","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alfred Sant","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-125","location":[["Motion for a resolution","Paragraph 8"]],"meps":[124781],"meta":{"created":"2019-07-03T06:15:03"},"new":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken to ensure that all","consumers have equal access to at least the","most essential financial services;"],"old":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken to ensure that all","consumers have access to at least the most","essential financial services;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"125","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-126","location":[["Motion for a resolution","Paragraph 8"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:03"},"new":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken to ensure that all","consumers have access to at least the most","essential financial services; specifically","calls on the Commission to ensure that","citizens continue to have access to best","offers in the internal market also through","non-digital channels to avoid financial","exclusion;"],"old":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken to ensure that all","consumers have access to at least the most","essential financial services;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"126","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Markus Ferber","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-127","location":[[" Motion for a resolution","Paragraph 8"]],"meps":[1917],"meta":{"created":"2019-07-03T06:15:03"},"new":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken to ensure that all","consumers have access to at least the most","essential financial services; stresses that, to","achieve that objective, it is crucial that","there should be a range of marketing","channels;"],"old":["8. Stresses, not least given that","otherwise positive digitisation processes","could trigger exclusionary tendencies, that","the financial inclusion perspective should","always be kept in mind, and that measures","should be taken to ensure that all","consumers have access to at least the most","essential financial services;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"127","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Danuta Maria H\u00fcbner","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-128","location":[[" Motion for a resolution","Paragraph 8 a (new)"]],"meps":[96779],"meta":{"created":"2019-07-03T06:15:03"},"new":["8a. Observes that digitalisation can","bring benefits for retail investors, such as","easier comparability of products, better","and easier access to cross-border","investment and the ensuing fairer","competition between providers as well as","faster and easier registration and payment","processes and resulting lower transaction","costs, but can also pose challenges that","cannot be ignored, such as ensuring","compliance with know-your -customer","(KYC), anti-money laundering (AMLD)","and data protection requirements, as well","as risks such as vulnerability of","centralised systems to cyber-attacks; calls","for emerging and current trends on","financial markets and the resulting","benefits and risks to be identified and","monitored, using as a benchmark their","likely impact on retail investors;"],"old":[""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"128","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Miguel Viegas, Marisa Matias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-129","location":[["Motion for a resolution","Paragraph 8 a (new)"]],"meps":[125100,96820],"meta":{"created":"2019-07-03T06:15:03"},"new":["8a. Warns that the Green Paper on","retail financial services, while ostensibly","seeking to reap the benefits of","technological development, is proving to","be a means of boosting the profits of large","retail financial institutions, in particular","by reducing operating and labour costs, as","demonstrated by its key proposal that","those companies should be allowed to","offer their products in any Member State","without having to be physically based","there;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"129","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-130","location":[["Motion for a resolution","Paragraph 8 a (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:04"},"new":["8a. Considers that structural changes","under way in the financial sector \u2013 from","the emergence of financial technology","companies (fintechs) to mergers and","takeovers \u2013 which could result in staff","cuts and branch closures must be effected","without any reduction in the quality of","services to the most vulnerable,","particularly elderly people and people","living in rural or sparsely populated","areas;"],"old":[""],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"130","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-131","location":[[" Motion for a resolution","Paragraph 8 a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:04"},"new":["8a. Points out that to boost cross-","border financial business, interoperable e-","identity tools are needed; points out that","efforts in making authentication tools","more accessible for consumers are often","limited and varying much between","Member States due to national laws;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"131","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-132","location":[[" Motion for a resolution","Paragraph 8 a (new)"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:04"},"new":["8a. Takes the view that current and","savings accounts should not incur","commission for users unless they are","linked to specific services;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"132","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marisa Matias, Paloma L\u00f3pez Bermejo, Dimitrios Papadimoulis, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-133","location":[["Motion for a resolution","Paragraph 8 a (new)"]],"meps":[96820,125047,28586,124858,124986],"meta":{"created":"2019-07-03T06:15:04"},"new":["8a. Notes that consumers' financial","and non-financial data collected from","different sources are being increasingly","used by financial service providers for","various purposes, in particular in credit","and insurance sectors; stresses that the","use of personal data and big data by","financial service providers should comply","with the EU data protection legislation, be","strictly limited to what is necessary to","provide the service and bring benefits to","consumers; in this perspective, the","demutualisation of risk in insurance","triggered by the big data should be under","close scrutiny;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"133","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marisa Matias, Dimitrios Papadimoulis, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-134","location":[["Motion for a resolution","Paragraph 8 b (new)"]],"meps":[96820,28586,124858,124986],"meta":{"created":"2019-07-03T06:15:04"},"new":["8b. Calls on the Commission to assess","what information is needed and sufficient","to conduct an appropriate","creditworthiness assessment by the","lender; based on the assessment, propose","binding measures regulating the","creditworthiness assessment process;","scrutinise the relevance of private credit","bureaus' activities related to collecting","and processing consumer data in order to","ensure that consumer rights are fully","respected;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"134","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-135","location":[[" Motion for a resolution","Paragraph 8 b (new)"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:04"},"new":["8b. Stresses that access to cash via","ATMs is an essential public service that","must be provided without any","discriminatory or unfair practices and","must not, therefore, incur excessive costs;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"135","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-136","location":[[" Motion for a resolution","Paragraph 8 b (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:04"},"new":["8b. Believes that the digitalisation,","automatic translation services and an","increase in digital infrastructure can help","to remove market obstacles for financial","institutions wishing to have a physical","presence in another Member State;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"136","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Danuta Maria H\u00fcbner","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-137","location":[[" Motion for a resolution","Paragraph 8 b (new)"]],"meps":[96779],"meta":{"created":"2019-07-03T06:15:04"},"new":["8b. Stresses the importance of","financial education as a tool to protect","and empower consumers; calls on access","to independent financial education to be","widened and facilitated;"],"old":[""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"137","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-138","location":[["Motion for a resolution","Paragraph 8 c (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:04"},"new":["8c. Believes that in the context of","digitalisation, the same rules should apply","to the same businesses with the same risks","so as to allow for healthy competition and","preventing any form of regulatory","arbitrage;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"138","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-139","location":[["Motion for a resolution","Paragraph 8 d (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:04"},"new":["8d. Points out that banks have to","comply with stricter rules than fintechs in","areas such as customer identification and","lending procedures; believes that","legislation should be balanced to not","hamper innovation;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"139","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-140","location":[["Motion for a resolution","Paragraph 9"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:04"},"new":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"140","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marco Valli, Marco Zanni","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-141","location":[[" Motion for a resolution","Paragraph 9"]],"meps":[124778,124780],"meta":{"created":"2019-07-03T06:15:04"},"new":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should be given the training and","time necessary to be able to offer their","customers the products that are the most","suitable for their requirements and","preferences, providing accurate and","truthful information on the associated","risks and costs, and should not be made","subject to sales targets or inducements that","could bias or distort their advice; stresses","the need to strengthen effective protection","procedures for whistleblowers, in order to","encourage bank employees to report to the","authorities responsible any kind of","pressure to which they might have been","subjected with the aim of increasing sales","volumes to the detriment of their","customers;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"it","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"141","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marisa Matias, Miguel Viegas, Paloma L\u00f3pez Bermejo, Dimitrios Papadimoulis, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-142","location":[["Motion for a resolution","Paragraph 9"]],"meps":[96820,125100,125047,28586,124858,124986],"meta":{"created":"2019-07-03T06:15:04"},"new":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","cannot be made subject to sales targets,","incentives or inducements that could bias","or distort their service; notes that cross-","selling and mis-selling of financial","products and services are mainly caused","by sales-driven remuneration of sales staff","and intermediaries; stresses, however,","that frontline employees are not and","cannot be made responsible for product","design and dishonest business strategies,","much less for regulatory failures;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"142","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-143","location":[["Motion for a resolution","Paragraph 9"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:04"},"new":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","consumers in the EU; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"143","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-144","location":[[" Motion for a resolution","Paragraph 9"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:04"},"new":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to unjustified","inducements impairing the ability to","pursue the best interest of the customer","according to the respective EU legal","framework;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"144","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-145","location":[[" Motion for a resolution","Paragraph 9"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:04"},"new":["9. Notes that frontline employees at","financial institutions could, through","information strategies, have a crucial role","to play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"145","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Markus Ferber","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-146","location":[["Motion for a resolution","Paragraph 9"]],"meps":[1917],"meta":{"created":"2019-07-03T06:15:04"},"new":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should act at all times in the interests of","customers in accordance with MIFID II","consumer protection provisions;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"146","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-147","location":[["Motion for a resolution","Paragraph 9"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:04"},"new":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to users all over","Europe; points out that such employees","should, in principle, be given the training","and time necessary to be able to serve their","customers accurately, and should not be","made subject to sales targets or","inducements that could bias or distort their","advice;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"147","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-148","location":[[" Motion for a resolution","Paragraph 9"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:05"},"new":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in offering retail services all over","Europe; points out that such employees","should, in principle, be given the training","and time necessary to be able to serve their","retail customers accurately, and should not","be made subject to undisclosed sales","targets or inducements that could bias or","distort their advice;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"148","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Miguel Viegas","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-149","location":[[" Motion for a resolution","Paragraph 9"]],"meps":[125100],"meta":{"created":"2019-07-03T06:15:05"},"new":["9. Notes that frontline workers at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such workers","should, in principle, be given the training","and time necessary to be able to serve their","customers accurately, and should not be","made subject to sales targets or","inducements that could bias or distort their","advice;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"149","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-150","location":[["Motion for a resolution","Paragraph 9"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:05"},"new":["9. Notes that frontline employees at","financial institutions and financial service","providers have a crucial role to play in","opening up retail services to all strands of","society and to consumers all over Europe;","points out that such employees should, in","principle and based on good labour","conditions, be given the training, and time","necessary to be able to serve their","customers accurately, and should not be","made subject to sales targets or","inducements that could bias or distort their","advice; notes that inappropriate cross-","selling and mis-selling of financial","products and services are mainly caused","by sales-driven remuneration of sales staff","and intermediaries, emphasizes that an","improvement of advice requires especially","a broader offer of standardised retail","investment product, effective investor","information documents for complex and","simple products, and a strengthening of","fee-based independent advice;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"150","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sander Loones","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-151","location":[[" Motion for a resolution","Paragraph 9"]],"meps":[128717],"meta":{"created":"2019-07-03T06:15:05"},"new":["9. Notes that frontline employees at","financial institutions and other financial","services providers have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"151","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Anneliese Dodds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-152","location":[[" Motion for a resolution","Paragraph 9"]],"meps":[124969],"meta":{"created":"2019-07-03T06:15:05"},"new":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice; notes that sales-target driven","remuneration of staff and intermediaries","can often lead to mis-selling and cross-","selling;"],"old":["9. Notes that frontline employees at","financial institutions have a crucial role to","play in opening up retail services to all","strands of society and to consumers all","over Europe; points out that such","employees should, in principle, be given","the training and time necessary to be able","to serve their customers accurately, and","should not be made subject to sales targets","or inducements that could bias or distort","their advice;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"152","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Miguel Viegas, Marisa Matias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-153","location":[["Motion for a resolution","Paragraph 9 a (new)"]],"meps":[125100,96820],"meta":{"created":"2019-07-03T06:15:05"},"new":["9a. Takes the view, furthermore, that","in widening the possibility of obtaining","retail financial services at a distance, the","aim is to bring about the closure of","physical branches dealing with the public","in person, which will detract from the","quality of the service provided and lead to","redundancies in the retail financial","services sector; points out that remote","service provision relies on customer","support services staffed by subcontracting","to temporary employment agencies, which","are associated with insecure employment","relationships, precarious working","conditions, and low wages, and in which","workers cannot obtain a contract with a","service-providing firm, even when they","have been working for that firm for","several years;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"153","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Danuta Maria H\u00fcbner","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-154","location":[["Motion for a resolution","Paragraph 9 a (new)"]],"meps":[96779],"meta":{"created":"2019-07-03T06:15:05"},"new":["9a. Highlights that access to","affordable and independent advice is key","to sound investment decisions; observes","that a supply of affordable, targeted","financial advice, that would be narrower","in scope than proper MiFiD-regulated","investment advice, is currently lacking, in","spite of the existing demand; takes note of","the reflections conducted and initiatives","taken in some Member States on the","creation of such an intermediate service;","calls on the Commission, Member States","and market actors to identify, study and","follow good practices and initiatives in","this regard;"],"old":[""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"154","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-155","location":[[" Motion for a resolution","Paragraph 9 a (new)"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:05"},"new":["9a. Points out the shortcoming in the","national implementation of the MiFID II","directive, which has led in many cases to","labour-intensive reporting requirements","for intermediaries, which do not","effectively enhance consumer protection","and go beyond MiFID II itself; calls for","lessons to be learned from this","experience;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"155","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-156","location":[[" Motion for a resolution","Paragraph 9 a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:05"},"new":["9a. Underlines that retail banking","plays a decisive role in the proper","transmission of monetary policy","conditions to the market, particularly to","consumers; highlights the importance of","an appropriate monetary policy","environment in order to promote","consumers' long-term savings;"],"old":[""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"156","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Miguel Viegas","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-157","location":[["Motion for a resolution","Paragraph 10"]],"meps":[125100],"meta":{"created":"2019-07-03T06:15:05"},"new":["deleted"],"old":["10. Emphasises that, in order for the","single market in retail financial services","to be efficient and dynamic, there should","be no unnecessary or unfair differences","between euro and non-euro Member","States;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"157","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-158","location":[["Motion for a resolution","Paragraph 10"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:05"},"new":["10. Emphasises that, in order for the","single market in retail financial services to","be efficient and dynamic, there should be","no unfair differences between euro and","non-euro Member States;"],"old":["10. Emphasises that, in order for the","single market in retail financial services to","be efficient and dynamic, there should be","no unnecessary or unfair differences","between euro and non-euro Member States;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"158","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-159","location":[[" Motion for a resolution","Paragraph 10"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:05"},"new":["10. Emphasises that, in order for the","single market in retail financial services to","be efficient and dynamic, there should be","no unnecessary or unfair differences","between euro and non-euro Member States;","notes that a consistent level of consumer","protection regulation and supervision","across all Member States is one of the","main mandates conferred on the ESAs; is","concerned that EBA reports that is has","received very few direct mandates in Level","1 legislation to develop detailed","requirements for any of the banking","products that fall into its scope of action","and that its member authorities could","then enforce; further notes that consumer","protection legislation for the financial","sector is fragmented across a large","number of Union legal acts (including","MCD, PAD, PSD1/2, EMD, DGSD,","MiFID I, IORPD, Solvency II, IMD,","CRDIV and PRIIPs) with the focus being","on products despite the fact that the sale","of many financial products tends to be","driven by consumer needs; calls on the","Commission to explore the possibility of","one, single harmonised Level-1 text on","retail conduct and consumer protection","rules in the financial sector;"],"old":["10. Emphasises that, in order for the","single market in retail financial services to","be efficient and dynamic, there should be","no unnecessary or unfair differences","between euro and non-euro Member States;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"159","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marco Valli, Marco Zanni","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-160","location":[[" Motion for a resolution","Paragraph 10 a (new)"]],"meps":[124778,124780],"meta":{"created":"2019-07-03T06:15:05"},"new":["10a. Points out that the main cause of","the eurozone crisis and of the","accumulation of excessive","macro-economic and financial","imbalances lies in the huge private capital","flows, in particular mortgage credit and","consumer credit, from the core countries","towards the outlying countries, caused by","the introduction of the single currency;","calls, therefore, for appropriate","consideration of the potentially","destabilising and distorting effects that","further liberalisation of retail financial","services would have in a dysfunctional","monetary union like that of the eurozone,","fuelling excessive private foreign","indebtedness in deficit countries in respect","of surplus countries, thus amplifying the","macroeconomic imbalances within the","eurozone and promoting the further","expansion of finance at the expense of the","real economy;"],"old":[""],"orig_lang":"it","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"160","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-161","location":[["Motion for a resolution","Paragraph 10 a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:05"},"new":["10a. Observes that there are still","differences between electronic","identification regulations and the know-","your-customer and anti-money","laundering requirements; notes that","existing regulations require personal","identification and personal evaluations to","be carried out for customers to be","accepted on a permanent basis; stresses","that such requirements limit the","development of fully digital financial","services, raising significant barriers to the","taking on of new consumers;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"161","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-162","location":[[" Motion for a resolution","Paragraph 10 a (new)"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:05"},"new":["10a. Deplores the unnecessarily long","transposition periods often put into","consumer protection-related legislation","such as PAD, PRIIPS, MCD, PSD2 and","the uneven level and speed of","implementation that persists; calls on the","Commission, as guardian of the Treaty, to","propose and defend more ambitious","implementation deadlines and take action","against failures to respect them;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"162","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-163","location":[[" Motion for a resolution","Paragraph 10 a (new)"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:05"},"new":["10a. Believes at any rate that the","adoption of the single currency by all","Member States without exception would","make the single market for retail financial","services more efficient and coherent;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"163","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-164","location":[[" Motion for a resolution","Paragraph 10 b (new)"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:05"},"new":["10b. Believes it important to ensure the","cross-border validity of financial services,","including insurance;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"164","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Miguel Viegas","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-165","location":[["Motion for a resolution","Paragraph 11"]],"meps":[125100],"meta":{"created":"2019-07-03T06:15:05"},"new":["deleted"],"old":["11. Observes that the EU-level","capacity for data collection and analysis","in this field will probably need to be","strengthened; notes that it will be","necessary to give some of the most","promising ideas in the Green Paper a","broad and adequate empirical","underpinning before it is possible to move","on to legislative processes;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"165","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-166","location":[["Motion for a resolution","Paragraph 11"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:06"},"new":["11. Notes that it will be necessary to","give some of the most promising ideas in","the Green Paper a broad and adequate","empirical underpinning before it is possible","to move on to legislative processes;"],"old":["11. Observes that the EU-level","capacity for data collection and analysis","in this field will probably need to be","strengthened; notes that it will be","necessary to give some of the most","promising ideas in the Green Paper a broad","and adequate empirical underpinning","before it is possible to move on to","","legislative processes;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"166","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Nils Torvalds, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-167","location":[[" Motion for a resolution","Paragraph 11"]],"meps":[28266,114268,97137],"meta":{"created":"2019-07-03T06:15:06"},"new":["11. Observes that the EU-level capacity","for data collection and analysis in this field","will probably need to be strengthened;","notes that some of the ideas in the Green","Paper may require further empirical","underpinning;"],"old":["11. Observes that the EU-level capacity","for data collection and analysis in this field","will probably need to be strengthened;","notes that it will be necessary to give some","of the most promising ideas in the Green","Paper a broad and adequate empirical","underpinning before it is possible to move","on to legislative processes;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"167","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-168","location":[[" Motion for a resolution","Paragraph 11"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:06"},"new":["11. Observes that the EU-level capacity","for data collection and analysis in this field","needs to be strengthened; notes that it will","be necessary to give some of the most","promising ideas in the Green Paper a broad","and adequate underpinning before it is","possible to move on to legislative","processes;"],"old":["11. Observes that the EU-level capacity","for data collection and analysis in this field","will probably need to be strengthened;","notes that it will be necessary to give some","of the most promising ideas in the Green","Paper a broad and adequate empirical","underpinning before it is possible to move","on to legislative processes;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"168","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-169","location":[["Motion for a resolution","Paragraph 11"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:06"},"new":["11. Observes that the EU-level capacity","for data collection and analysis in this field","will probably need to be strengthened;","calls on the Commission to follow a","thorough methodology, making full use of","the output of the ESA's monitoring work","mandated in the EBA regulation, in order","to identify benefits and risks of different","innovations and any legislative action","required to strike the right balance","between them; notes that it will be","necessary to give some of the most","promising ideas in the Green Paper a broad","and adequate empirical underpinning","before it is possible to move on to","legislative processes; stresses that","methodologies and assumptions of such","empirical work should be appropriately","disclosed;"],"old":["11. Observes that the EU-level capacity","for data collection and analysis in this field","will probably need to be strengthened;","notes that it will be necessary to give some","of the most promising ideas in the Green","Paper a broad and adequate empirical","underpinning before it is possible to move","on to legislative processes;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"169","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Pablo Zalba Bidegain","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-170","location":[["Motion for a resolution","Paragraph 11 a (new)"]],"meps":[96763],"meta":{"created":"2019-07-03T06:15:06"},"new":["11a. Stresses that digitalisation will","facilitate access to the data necessary for","consumers to be aware of risks, and will","ensure greater transparency and a better","service;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"170","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Anneliese Dodds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-171","location":[[" Motion for a resolution","Paragraph 11 a (new)"]],"meps":[124969],"meta":{"created":"2019-07-03T06:15:06"},"new":["11a. Calls on the Commission to","address the issue of mis-selling of","financial products and services; in","particular calls on the Commission to","monitor closely the implementation of","new rules under MiFID II, which ban","commissions for independent financial","advisers and restrict their use for non-","independent advisers, and on the basis of","that monitoring to consider whether those","restrictions might need to be tightened, or","a full ban of all inducements introduced;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"171","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alfred Sant","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-172","location":[[" Motion for a resolution","Paragraph 11 a (new)"]],"meps":[124781],"meta":{"created":"2019-07-03T06:15:06"},"new":["11a. Emphasises the need to focus on","the removal of undue statutory barriers","towards the cross-border provision of","financial services;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"172","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Markus Ferber","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-173","location":[[" Motion for a resolution","Paragraph 12"]],"meps":[1917],"meta":{"created":"2019-07-03T06:15:06"},"new":["12. Proposes a review as to whether","and to what extent the enforcement of EU","and national financial and consumer","legislation needs to be strengthened","further;"],"old":["12. Emphasises that the enforcement","of EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"173","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-174","location":[["Motion for a resolution","Paragraph 12"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:06"},"new":["12. Emphasises that the enforcement of","EU and national legislation needs to be","strengthened; stresses that the European","Supervisory Authorities should work more","actively in this field;"],"old":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"174","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-175","location":[["Motion for a resolution","Paragraph 12"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:06"},"new":["12. Emphasises that the enforcement of","consumer legislation needs to be","strengthened; stresses that the European","Supervisory Authorities should step up","their activities on consumer issues and that","the agencies responsible in a number of","Member States should start to work more","actively and competently in this field;"],"old":["12. Emphasises that the enforcement of","EU and national financial and consumer","","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"175","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-176","location":[[" Motion for a resolution","Paragraph 12"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:06"},"new":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on issues affecting savers, small investors","and users and that the agencies responsible","in a number of Member States should start","to work more actively and competently in","this field;"],"old":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"176","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-177","location":[[" Motion for a resolution","Paragraph 12"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:06"},"new":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and carry out peer","reviews to raise standards and consumer","confidence;"],"old":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"177","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Anneliese Dodds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-178","location":[["Motion for a resolution","Paragraph 12"]],"meps":[124969],"meta":{"created":"2019-07-03T06:15:06"},"new":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened and","that a single market in retail financial","services needs high levels of consumer","protection legislation and consistent and","rigorous enforcement of this across","member states; stresses that the European","Supervisory Authorities should step up","their activities on consumer issues and that","the agencies responsible in a number of","Member States should start to work more","actively and competently in this field;","stresses the importance of national","competent authorities in charge of","consumer protection having enough","funding and staff to carry out their","mandate effectively and asks the","Commission to ensure this; emphasizes","that alternative dispute resolution","mechanisms should be independently","funded and have independent","management structures;"],"old":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"178","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-179","location":[[" Motion for a resolution","Paragraph 12"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:07"},"new":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field; calls on the","Commission to consider omnibus","legislation to move from the current","patchwork towards the completion of a","solid consistent consumer transparency","framework, including supervisory","convergence between member states; calls","on the Commission to extend the ESAs'","consumer protection mandate in the","framework of the upcoming review of the","funding and governance of the ESAs;","mandate the ESAs to lead the work on","convergence of the conduct-of-business","supervision practices between Member","States;"],"old":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"179","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-180","location":[[" Motion for a resolution","Paragraph 12"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:07"},"new":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened; notes,","at the same time, that the volume of","legislation on retail financial services has","expanded significantly in recent years","with the aims of improving prudential","stability, strengthening consumer","protection and restoring confidence in the","sector; stresses that the European","Supervisory Authorities should step up","their activities on consumer issues and that","the agencies responsible in a number of","Member States should start to work more","actively and competently in this field; calls","on Member State supervisory authorities","to conduct exchanges of good practice to","ensure that retail financial services","legislation is applied in a way that","safeguards fair competition;"],"old":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","","competently in this field;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"180","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Andreas Schwab","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-181","location":[["Motion for a resolution","Paragraph 12"]],"meps":[28223],"meta":{"created":"2019-07-03T06:15:07"},"new":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened; is of","the opinion in general that there should","first be effective and complete","implementation of existing legislation,","together with an assessment of the impact","of laws adopted in recent years, before","fresh legislative initiatives are put in","hand; stresses that the European","Supervisory Authorities should step up","their activities on consumer issues and that","the agencies responsible in a number of","Member States should start to work more","actively and competently in this field;"],"old":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"181","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Pervenche Ber\u00e8s","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-182","location":[[" Motion for a resolution","Paragraph 12"]],"meps":[1985],"meta":{"created":"2019-07-03T06:15:07"},"new":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumers' and retail investors' issues,","and that the agencies responsible in a","number of Member States should start to","work more actively and competently in this","field; believes in this regard that online","trading of risky products, such as binary","options and Forex, should be a priority","area of investigation;"],"old":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"182","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Tibor Szanyi","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-183","location":[[" Motion for a resolution","Paragraph 12"]],"meps":[124703],"meta":{"created":"2019-07-03T06:15:07"},"new":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened and","that these need to be brought into line","with each other where possible; stresses","that the European Supervisory Authorities","should step up their activities on consumer","issues and that the agencies responsible in","a number of Member States should start to","work more actively and competently in this","field;"],"old":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"orig_lang":"hu","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"183","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-184","location":[["Motion for a resolution","Paragraph 12"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:07"},"new":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues within the limitations","of their mandate and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"old":["12. Emphasises that the enforcement of","EU and national financial and consumer","legislation needs to be strengthened;","stresses that the European Supervisory","Authorities should step up their activities","on consumer issues and that the agencies","responsible in a number of Member States","should start to work more actively and","competently in this field;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"184","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-185","location":[["Motion for a resolution","Paragraph 12 a (new)"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:07"},"new":["12a. Urges the Commission to play a","more proactive role in using the Capital","Markets Union to support the growing","Sustainable and Responsible Investment","(SRI) market by promoting sustainable","investments , effective and standardised","Environmental, Social and Governance","(ESG) criteria and the adequate reflection","of such criteria in investment","management systems and disclosure","standards as in IORPD; further urges the","Commission to promote ESG \"rating","services\" and a consistent framework for","the green bonds market;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"185","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-186","location":[[" Motion for a resolution","Paragraph 12 a (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:15:07"},"new":["12a. Calls on the Commission, in the","procedure linked to the planned White","Paper on the ESAs' funding and","governance, to have a particular focus on","ensuring that the authorities get the","funding models and mandates needed to","take a more active and consumer-oriented","role in the retail financial services market","while ensuring financial stability;","observes that one could, in this context,","consider broadening their mandates as","regards supervisory convergence or","cooperation between home and host","national authorities;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"186","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-187","location":[[" Motion for a resolution","Paragraph 12 a (new)"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:07"},"new":["12a. Stresses that further legislative","action to improve the transparency and","comparability of financial products at the","EU level is not necessary at this stage;","highlights that future regulation should","be flexible enough to accommodate","technological advances and backed by a","rigorous impact assessment that factors in","behavioural research;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"187","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Anneliese Dodds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-188","location":[["Motion for a resolution","Paragraph 12 a (new)"]],"meps":[124969],"meta":{"created":"2019-07-03T06:15:07"},"new":["12a. Calls on the Commission to","introduce a framework for the","introduction of simple and safe financial","products and an obligation for financial","service providers to perform product","suitability checks before selling a product;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"188","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Jakob von Weizs\u00e4cker","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-189","location":[["Motion for a resolution","Paragraph 12 a (new)"]],"meps":[124840],"meta":{"created":"2019-07-03T06:15:07"},"new":["12a. Calls for the European","Supervisory Authorities to be tasked as","single regulators for retail financial","services, including a responsibility for","ESMA to approve prospectuses and to","control market abuse;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"189","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marisa Matias, Paloma L\u00f3pez Bermejo, Dimitrios Papadimoulis, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-190","location":[["Motion for a resolution","Paragraph 12 a (new)"]],"meps":[96820,125047,28586,124858,124986],"meta":{"created":"2019-07-03T06:15:07"},"new":["12a. Calls on the Commission to","introduce simple and standardised","product rules, default options in different","product categories, and the obligation to","perform a horizontal product suitability","check that all financial providers and","intermediaries should apply; Compliance","with these rules should be confirmed by","regulator before a financial product or","service can be sold to the consumer;"],"old":[""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"190","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marisa Matias, Paloma L\u00f3pez Bermejo, Dimitrios Papadimoulis, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-191","location":[[" Motion for a resolution","Paragraph 12 b (new)"]],"meps":[96820,125047,28586,124858,124986],"meta":{"created":"2019-07-03T06:15:07"},"new":["12b. Calls on the Commission to","address the issue of mis-selling of","financial products and services; introduce","a full ban on cross-selling, (except","specific cases defined by European","regulations) commissions and","inducements for sales of investment","products;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"191","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-192","location":[[" Motion for a resolution","Paragraph 13"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:07"},"new":["deleted"],"old":["13. Calls for the Commission to","intensify its work against discrimination","on grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","","blocking with further legislative initiatives","targeted specifically at the financial","sector;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"192","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Miguel Viegas","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-193","location":[["Motion for a resolution","Paragraph 13"]],"meps":[125100],"meta":{"created":"2019-07-03T06:15:07"},"new":["deleted"],"old":["13. Calls for the Commission to","intensify its work against discrimination","on grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial","sector;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"193","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marisa Matias, Paloma L\u00f3pez Bermejo, Fabio De Masi","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-194","location":[["Motion for a resolution","Paragraph 13"]],"meps":[96820,125047,124858],"meta":{"created":"2019-07-03T06:15:08"},"new":["deleted"],"old":["13. Calls for the Commission to","intensify its work against discrimination","on grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial","sector;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"194","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-195","location":[[" Motion for a resolution","Paragraph 13"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:08"},"new":["13. Welcomes that the Geo-blocking","Regulation excluded financial services","given their complexities; however, calls","for the Commission to carry out a","consultation with Member States and","stakeholders to establish where refusal to","provide financial services is justified and","where it is not; stressing that firms should","not be compelled to offer services where it","is not commercially viable to do so;"],"old":["13. Calls for the Commission to","intensify its work against discrimination","on grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial","sector;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"195","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sander Loones","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-196","location":[[" Motion for a resolution","Paragraph 13"]],"meps":[128717],"meta":{"created":"2019-07-03T06:15:08"},"new":["13. Calls for the Commission to","intensify its work against discrimination on","grounds of residence in the European","market on retail financial services and, if","possible, to complement the recently","published proposal to end unjustified geo-","blocking with further targeted initiatives","designed specifically for the financial","sector;"],"old":["13. Calls for the Commission to","intensify its work against discrimination on","grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial sector;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"196","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alfred Sant","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-197","location":[["Motion for a resolution","Paragraph 13"]],"meps":[124781],"meta":{"created":"2019-07-03T06:15:08"},"new":["13. Calls on the Commission to","intensify its work against discrimination on","grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial sector;"],"old":["13. Calls for the Commission to","intensify its work against discrimination on","grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial sector;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"197","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-198","location":[["Motion for a resolution","Paragraph 13"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:08"},"new":["13. Calls for the Commission to","examine the evidence of discrimination on","grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial sector","once all the EU rules on retail financial","services have been fully implemented and","subjected to monitoring and analysis;","notes that a range of basic factors","affecting retail financial services, such as","different social insurance, tax and health","systems and different rules on contracts","and consumer protection, etcetera, can","result in differences between the types of","service offered in each Member State;","calls on the Commission to take into","consideration the range of sectors,","products and services involved in","connection with the use of the term \u2018geo-","blocking\u2019; recognises that geographical","information, including place of residence,","has to be taken into account in the","provision of certain financial services","such as insurance because it affects very","significant aspects of many insurance","products;"],"old":["13. Calls for the Commission to","intensify its work against discrimination","on grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial sector;",""],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"198","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-199","location":[[" Motion for a resolution","Paragraph 13"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:08"},"new":["13. Calls for the Commission to","intensify its work against discrimination on","grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial sector;","stresses the need to take into account the","necessarily geographically constrained","role of local, real economy-oriented","banking; calls for an initiative for a","simple and strong regulatory framework","for small banks (\"a small banking box\")","in the course of the review of CRD/R IV;"],"old":["13. Calls for the Commission to","intensify its work against discrimination on","grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial sector;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"199","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-200","location":[[" Motion for a resolution","Paragraph 13"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:08"},"new":["13. Calls for the Commission to","intensify its work against discrimination on","grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial sector;","in particular, rejects the requirement for","users to be based in the Member State in","which the financial institution or","insurance company is domiciled for the","purposes of service provision;"],"old":["13. Calls for the Commission to","intensify its work against discrimination on","grounds of residence in the European","market on retail financial services and, if","necessary, to complement the planned","general proposals to end unjustified geo-","blocking with further legislative initiatives","targeted specifically at the financial sector;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"200","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Miguel Viegas","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-201","location":[["Motion for a resolution","Paragraph 14"]],"meps":[125100],"meta":{"created":"2019-07-03T06:15:08"},"new":["deleted"],"old":["14. Urges the Commission, inter alia","on the basis of the structure of the","Payment Accounts Directive (PAD) and","the European Insurance and","Occupational Pensions Authority\u2019s","analysis of the insurance sector, to put","together a step-by-step action plan for","building a well-organised and easy-to-use","EU comparison portal covering most or","all parts of the retail financial services","market;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"201","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-202","location":[[" Motion for a resolution","Paragraph 14"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:08"},"new":["deleted"],"old":["14. Urges the Commission, inter alia","on the basis of the structure of the","Payment Accounts Directive (PAD) and","the European Insurance and","Occupational Pensions Authority\u2019s","analysis of the insurance sector, to put","together a step-by-step action plan for","building a well-organised and easy-to-use","EU comparison portal covering most or","all parts of the retail financial services","market;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"202","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-203","location":[[" Motion for a resolution","Paragraph 14"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:08"},"new":["14. Calls for a well-organised and","easy-to-use EU comparison portal covering","most or all parts of the retail financial","services market; sees - should that be set","up - profit-making opportunities for any","privately funded undertaking that plugs","this gap in the market;"],"old":["14. Urges the Commission, inter alia","on the basis of the structure of the","Payment Accounts Directive (PAD) and","the European Insurance and","Occupational Pensions Authority\u2019s","analysis of the insurance sector, to put","together a step-by-step action plan for","building a well-organised and easy-to-use","EU comparison portal covering most or all","parts of the retail financial services market;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"203","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-204","location":[[" Motion for a resolution","Paragraph 14"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:08"},"new":["14. Urges the Commission to put","together an action plan for building an","easy-to-use EU comparison portal covering","most or all parts of the retail financial","services market;"],"old":["14. Urges the Commission, inter alia","on the basis of the structure of the","Payment Accounts Directive (PAD) and","the European Insurance and","Occupational Pensions Authority\u2019s","analysis of the insurance sector, to put","together a step-by-step action plan for","building a well-organised and easy-to-use","EU comparison portal covering most or all","parts of the retail financial services market;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"204","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-205","location":[["Motion for a resolution","Paragraph 14"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:08"},"new":["14. Urges the Commission, inter alia on","the basis of the structure of the Payment","Accounts Directive (PAD) and the","European Insurance and Occupational","Pensions Authority's analysis of the","insurance sector, to put together a step-by-","step action plan for building and","promoting a well-organised and easy-to-","access-and-use EU comparison portal","covering most or all parts of the retail","financial services market; which should","however not only be focused on price","levels but also the quality of the service by","taking into consideration other criteria","such as availability of branch networks,","face to face contacts and sustainability of","business practices;"],"old":["14. Urges the Commission, inter alia on","the basis of the structure of the Payment","Accounts Directive (PAD) and the","European Insurance and Occupational","Pensions Authority\u2019s analysis of the","insurance sector, to put together a step-by-","step action plan for building a well-","organised and easy-to-use EU comparison","portal covering most or all parts of the","retail financial services market;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"205","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Werner Langen","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-206","location":[[" Motion for a resolution","Paragraph 14"]],"meps":[1928],"meta":{"created":"2019-07-03T06:15:08"},"new":["14. Urges the Commission, inter alia on","the basis of the structure of the Payment","Accounts Directive (PAD), the European","Insurance and Occupational Pensions","Authority\u2019s analysis of the insurance sector","and its own in-depth analysis, to put","together, in so far as this is necessary and","appropriate, a step-by-step action plan for","building a well-organised and easy-to-use","EU comparison portal covering most or all","parts of the retail financial services market,","bearing in mind the fact that only similar","products can be compared without","annoying consumers;"],"old":["14. Urges the Commission, inter alia on","the basis of the structure of the Payment","Accounts Directive (PAD) and the","European Insurance and Occupational","Pensions Authority\u2019s analysis of the","insurance sector, to put together a step-by-","step action plan for building a well-","organised and easy-to-use EU comparison","portal covering most or all parts of the","retail financial services market;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"206","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sander Loones","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-207","location":[[" Motion for a resolution","Paragraph 14"]],"meps":[128717],"meta":{"created":"2019-07-03T06:15:08"},"new":["14. Urges the Commission, inter alia on","the basis of the structure of the Payment","Accounts Directive (PAD) and the","European Insurance and Occupational","Pensions Authority's analysis of the","insurance sector, to set up a well-organised","and easy-to-use EU comparison portal","covering most or all parts of the retail","financial services market; considers that","this portal should map, based on","predetermined quality criteria, successful","private cross border comparison websites;"],"old":["14. Urges the Commission, inter alia on","the basis of the structure of the Payment","Accounts Directive (PAD) and the","European Insurance and Occupational","Pensions Authority\u2019s analysis of the","insurance sector, to put together a step-by-","step action plan for building a well-","organised and easy-to-use EU comparison","portal covering most or all parts of the","retail financial services market;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"207","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-208","location":[["Motion for a resolution","Paragraph 14"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:08"},"new":["14. Urges the Commission, inter alia on","the basis of the structure of the Payment","Accounts Directive (PAD) and the","European Insurance and Occupational","Pensions Authority\u2019s analysis of the","insurance sector, to put together a step-by-","step action plan for building a well-","organised and easy-to-use EU comparison","portal covering most or all parts of the","retail financial services market;","emphasises 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;"],"old":["14. Urges the Commission, inter alia on","the basis of the structure of the Payment","Accounts Directive (PAD) and the","European Insurance and Occupational","Pensions Authority\u2019s analysis of the","insurance sector, to put together a step-by-","step action plan for building a well-","organised and easy-to-use EU comparison","portal covering most or all parts of the","retail financial services market;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"208","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-209","location":[["Motion for a resolution","Paragraph 15"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:08"},"new":["deleted"],"old":["15. Calls on the Commission, inter","alia with reference to the PAD, to map the","rules, practices and non-practices that","apply to domestic and cross-border","switching in all parts of the European","retail financial services market, and to","present a coherent and comprehensive","strategy for making switching easier for","the consumer;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"209","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alfred Sant","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-210","location":[[" Motion for a resolution","Paragraph 15"]],"meps":[124781],"meta":{"created":"2019-07-03T06:15:08"},"new":["15. Calls on the Commission, inter alia","with reference to the PAD, to map the","rules, practices and non-practices that","apply to domestic and cross-border","switching in all parts of the European retail","financial services market, and to present a","coherent and comprehensive strategy","which while taking into account the","different financial market models, makes","switching service providers and products","easier for the consumer;"],"old":["15. Calls on the Commission, inter alia","with reference to the PAD, to map the","rules, practices and non-practices that","apply to domestic and cross-border","switching in all parts of the European retail","financial services market, and to present a","coherent and comprehensive strategy for","making switching easier for the consumer;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"210","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-211","location":[[" Motion for a resolution","Paragraph 15"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:08"},"new":["15. Calls on the Commission, inter alia","with reference to the PAD, to map the","rules, practices and non-practices that","apply to domestic and cross-border","switching in relevant parts of the European","retail financial services market, and to","present a coherent and comprehensive","strategy for enabling consumers to make","an informed choice;"],"old":["15. Calls on the Commission, inter alia","with reference to the PAD, to map the","rules, practices and non-practices that","apply to domestic and cross-border","switching in all parts of the European retail","financial services market, and to present a","coherent and comprehensive strategy for","making switching easier for the","consumer;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"211","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sophia in 't Veld, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-212","location":[["Motion for a resolution","Paragraph 15"]],"meps":[28266,97137],"meta":{"created":"2019-07-03T06:15:08"},"new":["15. Calls on the Commission, inter alia","with reference to the PAD, to map the","rules, practices and non-practices that","apply to domestic and cross-border","switching in all parts of the European retail","financial services market and to present a","coherent and comprehensive strategy for","making EU wide cross-border switching","easier for the consumer;"],"old":["15. Calls on the Commission, inter alia","with reference to the PAD, to map the","rules, practices and non-practices that","apply to domestic and cross-border","switching in all parts of the European retail","financial services market, and to present a","coherent and comprehensive strategy for","making switching easier for the consumer;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"212","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-213","location":[["Motion for a resolution","Paragraph 15"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:09"},"new":["15. Calls on the Commission, inter alia","with reference to the PAD, to map the","rules, practices and non-practices that","apply to domestic and cross-border","switching in all parts of the European retail","financial services market, and to present a","coherent and comprehensive strategy for","making switching easier for the user;"],"old":["15. Calls on the Commission, inter alia","with reference to the PAD, to map the","rules, practices and non-practices that","apply to domestic and cross-border","switching in all parts of the European retail","financial services market, and to present a","coherent and comprehensive strategy for","making switching easier for the consumer;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"213","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-214","location":[["Motion for a resolution","Paragraph 15 a (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:15:09"},"new":["15a. Urges the Commission and the","Member States to strengthen the","Alternative Dispute Resolution (ADR)","structures linked to the retail financial","services market by making sure that ADR","bodies are truly independent, by making","certain that these bodies are adhered to by","all actors in the market and by taking","measures to ensure that FIN-NET is","made more efficient and well-known to","consumers;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"214","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-215","location":[[" Motion for a resolution","Paragraph 16"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:09"},"new":["deleted"],"old":["16. Asks the Commission to","investigate further the confusing and","sometimes misleading practices with","which consumers are faced when making","card payments involving currency","conversion, and to present a coherent","solution that would make it possible,","including in practice, for the consumer to","understand and control the situation","fully;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"215","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Anneliese Dodds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-216","location":[[" Motion for a resolution","Paragraph 16"]],"meps":[124969],"meta":{"created":"2019-07-03T06:15:09"},"new":["16. Asks the Commission to investigate","further the confusing and sometimes","misleading practices with which consumers","are faced when making card payments and","ATM withdrawals involving currency","conversion, and to present a coherent","solution that would make it possible,","including in practice, for the consumer to","understand and control the situation fully;","calls on the Commission to investigate if","dynamic currency conversion practices","(DCC) have negative consequences for","the consumer without bringing any","benefits and to consider banning DCC if","that proves to be the case;"],"old":["16. Asks the Commission to investigate","further the confusing and sometimes","misleading practices with which consumers","are faced when making card payments","involving currency conversion, and to","present a coherent solution that would","make it possible, including in practice, for","the consumer to understand and control the","situation fully;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"216","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Tibor Szanyi","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-217","location":[["Motion for a resolution","Paragraph 16"]],"meps":[124703],"meta":{"created":"2019-07-03T06:15:09"},"new":["16. Asks the Commission to investigate","further the confusing and sometimes","misleading practices with which consumers","are faced when making card payments","involving currency conversion, and to","present a coherent solution that would","make it possible, including in practice, for","the consumer to understand and control the","situation fully, including for payments","relating to the digital market;"],"old":["16. Asks the Commission to investigate","further the confusing and sometimes","misleading practices with which consumers","are faced when making card payments","involving currency conversion, and to","present a coherent solution that would","make it possible, including in practice, for","the consumer to understand and control the","situation fully;"],"orig_lang":"hu","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"217","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marisa Matias, Paloma L\u00f3pez Bermejo, Dimitrios Papadimoulis, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-218","location":[[" Motion for a resolution","Paragraph 16"]],"meps":[96820,125047,28586,124858,124986],"meta":{"created":"2019-07-03T06:15:09"},"new":["16. Asks the Commission to investigate","further the confusing and sometimes","misleading practices with which consumers","are faced when making card payments and","ATM withdrawals involving currency","conversion, and to present a coherent","solution that would make it possible,","including in practice, for the consumer to","understand and control the situation fully;"],"old":["16. Asks the Commission to investigate","further the confusing and sometimes","misleading practices with which consumers","are faced when making card payments","involving currency conversion, and to","present a coherent solution that would","make it possible, including in practice, for","the consumer to understand and control the","situation fully;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"218","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-219","location":[[" Motion for a resolution","Paragraph 16"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:09"},"new":["16. Asks the Commission to investigate","further the confusing and misleading","practices with which consumers are faced","when making card payments involving","currency conversion, and to present a","coherent solution that would make it","possible, including in practice, for the","consumer to understand and control the","situation fully;"],"old":["16. Asks the Commission to investigate","further the confusing and sometimes","misleading practices with which consumers","are faced when making card payments","involving currency conversion, and to","present a coherent solution that would","make it possible, including in practice, for","the consumer to understand and control the","situation fully;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"219","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-220","location":[[" Motion for a resolution","Paragraph 16 a (new)"]],"meps":[125046],"meta":{"created":"2019-07-03T06:15:09"},"new":["16a. Reminds the Commission that","financial institutions continue to cancel","payment cards if the holder moves to","another Member State, and calls for","action to be taken in this respect,","including by alerting national authorities;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"220","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sophia in 't Veld, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-221","location":[["Motion for a resolution","Paragraph 17"]],"meps":[28266,97137],"meta":{"created":"2019-07-03T06:15:09"},"new":["17. Urges the Commission and the","Member States, by working on the","implementation of the eIDAS Regulation","and the new anti-money laundering","legislation, inter alia, to create\u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves, and facilitate EU","wide cross-border digital onboarding;"],"old":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"221","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-222","location":[["Motion for a resolution","Paragraph 17"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:09"},"new":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","if feasible \u2013 a general environment in","which robust security requirements are","combined with fair and simple procedures","for customers to identify themselves if that","is what is required by the rules;"],"old":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"222","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-223","location":[[" Motion for a resolution","Paragraph 17"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:09"},"new":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves in accordance with","the principles of personal data protection;"],"old":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"223","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Andreas Schwab","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-224","location":[[" Motion for a resolution","Paragraph 17"]],"meps":[28223],"meta":{"created":"2019-07-03T06:15:09"},"new":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures providing further scope","for remote identification;"],"old":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"224","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Michael Theurer","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-225","location":[["Motion for a resolution","Paragraph 17"]],"meps":[96871],"meta":{"created":"2019-07-03T06:15:09"},"new":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves by i.e. face-to-face and","remote;"],"old":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"225","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-226","location":[["Motion for a resolution","Paragraph 17"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:09"},"new":["17. Calls on the Commission to","promote the mutual recognition and","interoperability of digital identification","techniques, without affecting the level of","security of existing systems; therefore","urges the Commission and the Member","States, by working carefully on the","implementation of the eIDAS Regulation","and the new anti-money laundering","legislation, inter alia, to create \u2013 as should","be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves; also asks the","Commission and the Member States to","identify and remove regulatory barriers to","the use of electronic signature systems for","subscribing to financial services;"],"old":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","","simple procedures for consumers to","identify themselves;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"226","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-227","location":[[" Motion for a resolution","Paragraph 17"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:09"},"new":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves; believes that AML","rules shall be modified so that face-to-","face identification can be complemented","by procedures for distance identification;"],"old":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"227","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-228","location":[[" Motion for a resolution","Paragraph 17"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:10"},"new":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves; Notes that a","standardised online non-face-to-face","identification could promote the provision","of cross-border financial services and","allow consumers to benefit from price","reduction and increased choice;","underlines that it is crucial to ensure","appropriate data protection and redress","procedures to ensure adequate consumer","protection as well as effective","identification to fulfil the requirements of","the EU anti-money laundering","framework;"],"old":["17. Urges the Commission and the","Member States, by working carefully on","the implementation of the eIDAS","Regulation and the new anti-money","laundering legislation, inter alia, to create \u2013","as should be entirely feasible \u2013 a general","environment in which robust security","requirements are combined with fair and","simple procedures for consumers to","identify themselves;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"228","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-229","location":[["Motion for a resolution","Paragraph 17 a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:10"},"new":["17a. Urges the Commission to provide a","legislative proposal to make the 4th Anti","Money Laundering Directive fit for the","digital era, helping to boost cross-border","sales of retail financial services and","reducing enhanced restrictive obligations;","believes that varying interpretations of","one and the same legal text, leading to","gold plating, creates a particular obstacle","to introduce the financial industry in the","Digital Single Market;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"229","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Jakob von Weizs\u00e4cker","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-230","location":[[" Motion for a resolution","Paragraph 17 a (new)"]],"meps":[124840],"meta":{"created":"2019-07-03T06:15:10"},"new":["17a. Points out that the potentially","transformative impact of distributed","ledger technology necessitates the build-","up of regulatory capacity so as early to","identify potential systemic risks and","challenges to consumer protection;","therefore calls on the Commission to","create a horizontal task force closely to","monitor risks and to help address them in","a timely manner;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"230","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-231","location":[[" Motion for a resolution","Paragraph 18"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:10"},"new":["deleted"],"old":["18. Calls on the Commission, in close","cooperation with the Member States, to","draw up a plan for establishing a","coordinated network of national \u2018one-stop","shops\u2019 that would assist retail financial","firms wishing to make better use of cross-","border business opportunities;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"231","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Miguel Viegas","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-232","location":[["Motion for a resolution","Paragraph 18"]],"meps":[125100],"meta":{"created":"2019-07-03T06:15:10"},"new":["deleted"],"old":["18. Calls on the Commission, in close","cooperation with the Member States, to","draw up a plan for establishing a","coordinated network of national \u2018one-stop","shops\u2019 that would assist retail financial","firms wishing to make better use of cross-","border business opportunities;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"232","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-233","location":[["Motion for a resolution","Paragraph 18"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:10"},"new":["18. Calls on the Commission, in close","cooperation with the Member States, to","continue enhancing the Points of Single","Contact, established under the services","Directive and SOLVIT to form a","coordinated network of national 'one-stop","shops' which will assist retail financial","firms wishing to make better use of cross-","border business opportunities;"],"old":["18. Calls on the Commission, in close","cooperation with the Member States, to","draw up a plan for establishing a","coordinated network of national \u2018one-stop","shops\u2019 that would assist retail financial","firms wishing to make better use of cross-","border business opportunities;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"233","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-234","location":[["Motion for a resolution","Paragraph 18"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:10"},"new":["18. Calls on the Commission and","Member States, to draw up a plan for","establishing a coordinated network of","national \u2018one-stop shops\u2019 that would assist","retail financial firms wishing to make","better use of cross-border business","opportunities;"],"old":["18. Calls on the Commission, in close","","cooperation with the Member States, to","draw up a plan for establishing a","coordinated network of national \u2018one-stop","shops\u2019 that would assist retail financial","firms wishing to make better use of cross-","border business opportunities;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"234","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Pablo Zalba Bidegain","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-235","location":[[" Motion for a resolution","Paragraph 18 a (new)"]],"meps":[96763],"meta":{"created":"2019-07-03T06:15:10"},"new":["18a. Calls on the Commission to assess","the impact of any legislation related to the","financial sector before taking further","legislative measures;"],"orig_lang":"es","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"235","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-236","location":[[" Motion for a resolution","Paragraph 18 a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:10"},"new":["18a. Believes that providing complex","product information in 24 official EU","languages, which has to be navigated","within European and national laws on","information duties, hampers cross-border","business, as the consumer is only","informed if he is able to process the","amount of information and is not","overloaded; asks for a framework that","specifies EU-wide standards of clarity,","simplicity and transparency of the","information provided to customers so that","they are really enabled to take informed","decisions;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"236","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-237","location":[["Motion for a resolution","Paragraph 18 a (new)"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:10"},"new":["18a. Calls on the Commission to follow","up on EIOPAs proposal for a Common","Framework for Risk Assessment and","Transparency for IORPs, in order to","promote a sound pillar 2 system across the","Union, comparability of schemes and","contribute to a better understanding of the","benefits and risks to consumers by","regulators, supervisors and consumers","themselves;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"237","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-238","location":[["Motion for a resolution","Paragraph 18 a (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:10"},"new":["18a. Calls on the Commission to","examine new approaches with the","potential to give companies greater","regulatory flexibility to experiment and be","able to innovate, while maintaining high","levels of consumer protection and safety;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"238","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Pervenche Ber\u00e8s","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-239","location":[[" Motion for a resolution","Paragraph 18 a (new)"]],"meps":[1985],"meta":{"created":"2019-07-03T06:15:10"},"new":["18a. Asks the Commission to put","forward a legislative proposal on the","creation of a 'EU savings account' in","order to unlock long-term financing and","support ecological transition in Europe;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"239","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-240","location":[[" Motion for a resolution","Paragraph 18 a (new)"]],"meps":[28266,97137],"meta":{"created":"2019-07-03T06:15:10"},"new":["18a. Urges the Commission to put","forward proposals for harmonisation and","cross border applicability of the","assessment procedure for creditworthiness","conducted by the lender;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"240","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-241","location":[[" Motion for a resolution","Paragraph 18 b (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:10"},"new":["18b. Emphasises the need for a","competitive European retail financial","services market; highlights the stock","taking exercise of the financial services","framework by the Commission and calls","on her and the European Supervisory","Authorities to pursue a legislative and","regulatory framework which is coherent,","consistent, proportionate, non-duplicative","and free of superfluous complexity;","considers that this should support retail","financial services providers in further","improving quality and choice of their","products and services and safeguarding","financial inclusion;"],"old":[""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"241","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sophia in 't Veld, Nils Torvalds, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-242","location":[["Motion for a resolution","Paragraph 18 b (new)"]],"meps":[28266,114268,97137],"meta":{"created":"2019-07-03T06:15:11"},"new":["18b. Urges the Commission to clarify","the use of the general good provisions,","which currently could be vicariously used","by Member States to block new products","into their market, and to empower the","ESAs to become an active mediator","between Member States when there are","countering interpretations on its use;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"242","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-243","location":[["Motion for a resolution","Paragraph 18 b (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:11"},"new":["18b. Stresses the need to encourage","retail financial services providers to","finance projects associated with","innovation and the environment; points","out that an approach similar to that of the","SME supporting factor could be","considered;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"243","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-244","location":[[" Motion for a resolution","Paragraph 18 c (new)"]],"meps":[28266],"meta":{"created":"2019-07-03T06:15:11"},"new":["18c. Calls on the Commission to ensure","the independence of national ADR","schemes and that financial service","providers adhere to one or more ADR","bodies in each Member State;","furthermore, urges the Commission,","following the planned evaluation of the","implementation of Recommendation on","collective redress to look into the","possibility for introducing European","system of collective redress;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"244","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-245","location":[[" Motion for a resolution","Paragraph 18 c (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:11"},"new":["18c. Stresses the need to raise","consumers\u2019 awareness of investment","options;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"245","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Nils Torvalds, Enrique Calvet Chambon, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-246","location":[[" Motion for a resolution","Paragraph 18 d (new)"]],"meps":[28266,114268,129407,97137],"meta":{"created":"2019-07-03T06:15:11"},"new":["18d. Urges the Commission to map the","obstacles to internal market in retail","finance stemming from different","consumer protection, taxation and labour","law provisions across Member States;","furthermore, urges the Commission","following the assessment to come up with","concrete proposals for eliminating","identified barriers by July, 2017;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"246","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sophia in 't Veld, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-247","location":[["Motion for a resolution","Paragraph 18 e (new)"]],"meps":[28266,97137],"meta":{"created":"2019-07-03T06:15:11"},"new":["18e. Urges the Commission to","investigate into possibility of introducing","a 29th regime for retail financial products","in the absence of harmonised national","rules; furthermore calls on the","Commission to look into the possibility of","creating standardised pan-European","financial products based on PEPP-model;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"247","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sophia in 't Veld, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-248","location":[["Motion for a resolution","Paragraph 18 f (new)"]],"meps":[28266,97137],"meta":{"created":"2019-07-03T06:15:11"},"new":["18f. Urges the Commission to use","regulations instead of directives when","formulating legislative proposals in the","field of retail financial services in order to","avoid 'gold plating' and protectionist","national tendencies, foreclosing national","markets to the detriment of both","businesses and consumers;"],"old":[""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"248","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marisa Matias, Paloma L\u00f3pez Bermejo, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-249","location":[[" Motion for a resolution","Subheading 2"]],"meps":[96820,125047,124858,124986],"meta":{"created":"2019-07-03T06:15:11"},"new":["deleted"],"old":["Long-term considerations"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"249","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-250","location":[[" Motion for a resolution","Paragraph 19"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:11"},"new":["deleted"],"old":["19. Asks the Commission to study","further the benefits and costs of","guaranteeing domestic and cross-border","portability in various parts of the retail","financial services market (for example as","regards insurance products and bank","account numbers);"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"250","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Miguel Viegas","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-251","location":[[" Motion for a resolution","Paragraph 19"]],"meps":[125100],"meta":{"created":"2019-07-03T06:15:11"},"new":["deleted"],"old":["19. Asks the Commission to study","further the benefits and costs of","guaranteeing domestic and cross-border","portability in various parts of the retail","financial services market (for example as","regards insurance products and bank","account numbers);"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"251","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marisa Matias, Paloma L\u00f3pez Bermejo, Fabio De Masi","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-252","location":[["Motion for a resolution","Paragraph 19"]],"meps":[96820,125047,124858],"meta":{"created":"2019-07-03T06:15:11"},"new":["deleted"],"old":["19. Asks the Commission to study","further the benefits and costs of","guaranteeing domestic and cross-border","portability in various parts of the retail","financial services market (for example as","regards insurance products and bank","account numbers);"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"252","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-253","location":[["Motion for a resolution","Paragraph 19"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:12"},"new":["19. Asks the Commission to study","further the benefits and costs of enhancing","domestic and cross-border portability in","various parts of the retail financial services","market (for example as regards insurance","products);"],"old":["19. Asks the Commission to study","further the benefits and costs of","guaranteeing domestic and cross-border","portability in various parts of the retail","financial services market (for example as","regards insurance products and bank","","account numbers);"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"253","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sophia in 't Veld, Nils Torvalds, Enrique Calvet Chambon, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-254","location":[[" Motion for a resolution","Paragraph 19"]],"meps":[28266,114268,129407,97137],"meta":{"created":"2019-07-03T06:15:12"},"new":["19. Asks the Commission to study","further the options for domestic and cross-","border portability in various parts of the","retail financial services market and come","up with concrete proposals until the","beginning of 2018;"],"old":["19. Asks the Commission to study","further the benefits and costs of","guaranteeing domestic and cross-border","portability in various parts of the retail","financial services market (for example as","regards insurance products and bank","account numbers);"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"254","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-255","location":[[" Motion for a resolution","Paragraph 19"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:12"},"new":["19. Asks the Commission to study","further the feasibility, relevance, benefits","and costs of domestic and cross-border","portability in various parts of the retail","financial services market (for example as","regards insurance products and bank","account numbers);"],"old":["19. Asks the Commission to study","further the benefits and costs of","guaranteeing domestic and cross-border","portability in various parts of the retail","financial services market (for example as","regards insurance products and bank","account numbers);"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"255","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alfred Sant","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-256","location":[["Motion for a resolution","Paragraph 19"]],"meps":[124781],"meta":{"created":"2019-07-03T06:15:12"},"new":["19. Asks the Commission to study","further the benefits and costs of removing","all barriers towards the cross-border","provision of financial services, thus","guaranteeing domestic and cross-border","portability in various parts of the retail","financial services market (for example as","regards insurance products and bank","account numbers);"],"old":["19. Asks the Commission to study","further the benefits and costs of","guaranteeing domestic and cross-border","portability in various parts of the retail","financial services market (for example as","regards insurance products and bank","account numbers);"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"256","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-257","location":[["Motion for a resolution","Paragraph 19"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:12"},"new":["19. Asks the Commission to study","further the benefits and costs of","guaranteeing domestic and cross-border","portability in various parts of the retail","financial services market (for example as","regards pension and insurance products","and bank account numbers);"],"old":["19. Asks the Commission to study","further the benefits and costs of","guaranteeing domestic and cross-border","portability in various parts of the retail","financial services market (for example as","regards insurance products and bank","account numbers);"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"257","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-258","location":[["Motion for a resolution","Paragraph 19 a (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:12"},"new":["19a. Notes the initiative taken by the","Commission in studying the feasibility of","a standardised pan-European personal","pension product; takes note of the final","report by the European Insurance and","Occupational Pensions Authority","(EIOPA) on public consultation No CP-","15/006 on creating a standardised pan-","European personal pension product;","underscores the need, when examining","the possible introduction of a standardised","pan-European personal pension product,","to respect Member States\u2019 standards for","pension products;"],"old":[""],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"258","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Miguel Viegas","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-259","location":[[" Motion for a resolution","Paragraph 19 a (new)"]],"meps":[125100],"meta":{"created":"2019-07-03T06:15:12"},"new":["19a. Takes the view that the proposals","set out in the Green Paper will help to","create a pan-European oligopoly in the","retail financial services sector; calls on","the European Commission, therefore, to","refrain from submitting an action plan on","retail financial services;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"259","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-260","location":[[" Motion for a resolution","Paragraph 19 a (new)"]],"meps":[96730],"meta":{"created":"2019-07-03T06:15:12"},"new":["19a. Calls on the Commission and the","ESAs to work on the creation of a","European Consumer Protection Authority","to achieve a standard effective consumer","protection throughout the European","Single Market and to enhance investors","and consumers trust in European","financial services;"],"old":[""],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"260","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-261","location":[["Motion for a resolution","Paragraph 19 a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:12"},"new":["19a. Urges the commission to create","real interoperability of different national","systems to manage electronic identities so","as to create a base for establishing a","European digital ID usable for all EU","citizens when accessing financial","services;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"261","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Beatrix von Storch","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-262","location":[["Motion for a resolution","Paragraph 20"]],"meps":[124825],"meta":{"created":"2019-07-03T06:15:12"},"new":["deleted"],"old":["20. Encourages the Commission,","while ensuring financial stability, to move","forward in creating a stronger single","market for mortgages and consumer","credit, but to do so carefully, balancing","privacy and data protection concerns with","improved cross-border access to better-","coordinated credit databases and making","sure that credit-related incidents whereby","consumers have been unreasonably","","exposed to currency exchange risks are","not repeated;"],"orig_lang":"de","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"262","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Miguel Viegas","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-263","location":[[" Motion for a resolution","Paragraph 20"]],"meps":[125100],"meta":{"created":"2019-07-03T06:15:12"},"new":["deleted"],"old":["20. Encourages the Commission,","while ensuring financial stability, to move","forward in creating a stronger single","market for mortgages and consumer","credit, but to do so carefully, balancing","privacy and data protection concerns with","improved cross-border access to better-","coordinated credit databases and making","sure that credit-related incidents whereby","consumers have been unreasonably","exposed to currency exchange risks are","not repeated;"],"orig_lang":"pt","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"263","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marisa Matias, Paloma L\u00f3pez Bermejo, Fabio De Masi, Matt Carthy","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-264","location":[[" Motion for a resolution","Paragraph 20"]],"meps":[96820,125047,124858,124986],"meta":{"created":"2019-07-03T06:15:13"},"new":["deleted"],"old":["20. Encourages the Commission,","while ensuring financial stability, to move","forward in creating a stronger single","market for mortgages and consumer","credit, but to do so carefully, balancing","privacy and data protection concerns with","improved cross-border access to better-","coordinated credit databases and making","sure that credit-related incidents whereby","consumers have been unreasonably","exposed to currency exchange risks are","","not repeated;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"264","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Ashley Fox","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-265","location":[["Motion for a resolution","Paragraph 20"]],"meps":[96957],"meta":{"created":"2019-07-03T06:15:13"},"new":["20. Encourages the Commission to","assess the changes made by the Mortgage","Credit Directive before considering any","further regulatory action;"],"old":["20. Encourages the Commission, while","ensuring financial stability, to move","forward in creating a stronger single","market for mortgages and consumer","credit, but to do so carefully, balancing","privacy and data protection concerns with","improved cross-border access to better-","coordinated credit databases and making","sure that credit-related incidents whereby","consumers have been unreasonably","exposed to currency exchange risks are","not repeated;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"265","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-266","location":[["Motion for a resolution","Paragraph 20"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:13"},"new":["20. Emphasises that the Mortgages","Directive is currently being transposed, or","is in the process of implementation, in the","Member States; encourages the","Commission to monitor its transposition","and implementation attentively and to","analyse the impact of this legislation on","the retail financial services market; notes","that there are still significant barriers to","the creation of a stronger single market","for mortgages and consumer credit;"],"old":["20. Encourages the Commission, while","ensuring financial stability, to move","forward in creating a stronger single","market for mortgages and consumer","credit, but to do so carefully, balancing","privacy and data protection concerns with","improved cross-border access to better-","coordinated credit databases and making","sure that credit-related incidents whereby","consumers have been unreasonably","","exposed to currency exchange risks are","not repeated;"],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"266","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-267","location":[[" Motion for a resolution","Paragraph 20"]],"meps":[125069],"meta":{"created":"2019-07-03T06:15:13"},"new":["20. Encourages the Commission to","move forward in creating a stronger single","market for mortgages and consumer credit,","but to do so carefully, balancing privacy","and data protection concerns, making sure","that credit-related incidents whereby","consumers have been unreasonably","exposed to currency exchange risks are not","repeated;"],"old":["20. Encourages the Commission, while","ensuring financial stability, to move","forward in creating a stronger single","market for mortgages and consumer credit,","but to do so carefully, balancing privacy","and data protection concerns with","improved cross-border access to better-","coordinated credit databases and making","sure that credit-related incidents whereby","consumers have been unreasonably","exposed to currency exchange risks are not","repeated;"],"orig_lang":"el","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"267","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Marco Valli, Marco Zanni","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-268","location":[[" Motion for a resolution","Paragraph 20"]],"meps":[124778,124780],"meta":{"created":"2019-07-03T06:15:13"},"new":["20. Encourages the Commission","constantly to monitor market","developments as regards mortgages and","consumer credit, in order to curb the risks","for financial stability and the real","economy; stresses the need to improve","access to accurate cross-border credit","databases, making sure that new crises","linked to excessive credit expansion,","whereby consumers have been exposed to","excessive foreign indebtedness, are not","repeated;"],"old":["20. Encourages the Commission, while","ensuring financial stability, to move","forward in creating a stronger single","market for mortgages and consumer credit,","but to do so carefully, balancing privacy","and data protection concerns with","improved cross-border access to better-","coordinated credit databases and making","sure that credit-related incidents whereby","consumers have been unreasonably","","exposed to currency exchange risks are","not repeated;"],"orig_lang":"it","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"268","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sophia in 't Veld, Nils Torvalds, Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-269","location":[["Motion for a resolution","Paragraph 20"]],"meps":[28266,114268,97137],"meta":{"created":"2019-07-03T06:15:13"},"new":["20. Encourages the Commission, while","ensuring financial stability, to move","forward in creating a stronger single","market for mortgages and consumer credit,","providing improved cross-border access to","better coordinated credit databases in full","compliance with privacy and data","protection rules, and ensuring that credit-","related incidents whereby consumers have","been unreasonably exposed to currency","exchange risks are not repeated;"],"old":["20. Encourages the Commission, while","ensuring financial stability, to move","forward in creating a stronger single","market for mortgages and consumer credit,","but to do so carefully, balancing privacy","and data protection concerns with","improved cross-border access to better-","coordinated credit databases and making","sure that credit-related incidents whereby","consumers have been unreasonably","exposed to currency exchange risks are not","repeated;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"269","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Marco Valli, Marco Zanni","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-270","location":[["Motion for a resolution","Paragraph 20 a (new)"]],"meps":[124778,124780],"meta":{"created":"2019-07-03T06:15:13"},"new":["20a. Calls on the Commission to act","with caution in encouraging competition","and competitiveness in the European","banking sector and to seek to strike the","right balance between the need to offer","consumers access to better products at","lower cost and the need to protect the","traditional, local bank model, which","focuses on financing the real economy,","from exposure to unfair competition from","the major systemic investment banks,","which have received large amounts of","state aid and been subject to asymmetrical","supervision which does not adequately","assess the risks arising from derivative","exposures and speculative activities;"],"old":[""],"orig_lang":"it","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"270","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Anneliese Dodds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-271","location":[[" Motion for a resolution","Paragraph 20 a (new)"]],"meps":[124969],"meta":{"created":"2019-07-03T06:15:13"},"new":["20a. Calls on the Commission to","analyse what data is necessary for lenders","to assess the creditworthiness of their","customers and, based on this analysis, to","introduce proposals for regulating this","assessment process; calls on the","Commission to investigate further the","current practices of credit bureaux' in","relation to the collection, processing and","marketing of consumer data to ensure","that they are adequate and not","detrimental to consumers rights'; calls on","the Commission to consider taking action","in this area if necessary;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"271","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":" Alain Cadec","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-272","location":[[" Motion for a resolution","Paragraph 20 a (new)"]],"meps":[96849],"meta":{"created":"2019-07-03T06:15:13"},"new":["20a. Asks the Commission to conduct,","with the Member States, a joint analysis","of the implementation and impact of EU","legislation on retail financial services;","calls on the Commission and Member","States to examine in detail the legal","barriers and other remaining obstacles to","cross-border operations and to the","completion of an EU retail financial","services market; stresses that the","specificities of SMEs must be taken into","account in such an analysis;"],"old":[""],"orig_lang":"fr","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"272","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-273","location":[["Motion for a resolution","Paragraph 20 a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:15:13"},"new":["20a. Urges the Commission to await the","national implementation of the Mortgage","Credit Directive, Payment Service","Directive, Payment Accounts Directive,","Insurance Distribution Directive,","Consumer Credit Directive, PRIIPs, KIDs","and MiFID II and to evaluate their effects","before bringing up any new proposals in","any of these areas;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"273","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Sophia in 't Veld, Nils Torvalds","changes":{},"committee":["ECON"],"date":"2016-06-29T00:00:00","id":"PE585.531-274","location":[["Motion for a resolution","Paragraph 20 a (new)"]],"meps":[28266,114268],"meta":{"created":"2019-07-03T06:15:13"},"new":["20a. Calls on the Commission to look","into the possibility of introducing a","European Start-up Blue Card as a way to","attract best talents globally;"],"orig_lang":"en","peid":"PE585.531v01-00","reference":"2016/2056(INI)","seq":"274","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-585531_EN.pdf"},{"authors":"Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-1","location":[["Draft opinion","Paragraph -1 (new)"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:27"},"new":["-1. Points out that the Green Paper","links up with and is complemented by","initiatives such as the Digital Single","Market, the Capital Markets Union and","the Single Market Strategy, initiatives","whose objectives and consequences entail","heightened deregulation of the economy","that will favour large economic groups","and major powers in the EU to the","detriment of workers, micro, small and","medium-sized entrepreneurs and national","production structures, and that","consequently run counter to the interests","of peoples, workers and Member States;"],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"1","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-2","location":[["Draft opinion","Paragraph -1 a (new)"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:27"},"new":["-1a. Rejects the idea that, in areas","where the single market is supposedly well","developed, consumers now benefit from","better services and lower prices; notes","that, on the contrary, examples such as","the energy and transport sectors show that","the imposition of deregulation in the","sector and the liberalisation of prices in","the name of the single market have led to","a deterioration in services and a rise in","costs for consumers;"],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"2","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-3","location":[[" Draft opinion","Paragraph 1"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:27"},"new":["1. Is extremely concerned by the","European Commission initiative,","regretting once again that opportunities","for digitalisation and consumer","empowerment are serving as a pretext for","creating a single market for retail financial","services whose chief consequences will be","on the one hand the intensification of","capital movements, and on the other hand","the liquidation of smaller businesses","operating in the sector and the subsequent","concentration of capital and wealth in the","largest financial groups at EU level,","increasing the hegemony enjoyed by those","groups and leading to a loss of autonomy","and sovereignty for the Member States;"],"old":["1. Welcomes the Commission","initiative, since opportunities for","digitalisation, reducing market","fragmentation and empowering","consumers are crucial to achieving a","genuine single market for retail financial","services;"],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"3","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-4","location":[[" Draft opinion","Paragraph 1"]],"meps":[125069],"meta":{"created":"2019-07-03T06:37:27"},"new":["1. Underscores the Commission","initiative, since opportunities relating to","digitalisation, reducing market","fragmentation and empowering consumers","are crucial to achieving a genuine single","market for retail financial services;"],"old":["1. Welcomes the Commission","initiative, since opportunities for","digitalisation, reducing market","fragmentation and empowering consumers","are crucial to achieving a genuine single","market for retail financial services;"],"orig_lang":"el","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"4","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-5","location":[["Draft opinion","Paragraph 1 a (new)"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:27"},"new":["1a. Points out that the Green Paper on","retail financial services, under the pretext","of the need to reduce costs for consumers","and reap the benefits of technological","development, is in fact a further","contribution towards boosting the profits","of large retail financial institutions, in","particular by reducing labour and","administrative costs, as demonstrated by","its key proposal that these companies","should be able to offer their products in","any Member State without having to be","physically established there; takes the","view, therefore, that this proposal will","help create a pan-European oligopoly in","the retail financial services sector;"],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"5","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Dita Charanzov\u00e1, Antanas Guoga, Richard Sul\u00edk, Kaja Kallas, Robert Rochefort, Lambert van Nistelrooij","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-6","location":[["Draft opinion","Paragraph 1 a (new)"]],"meps":[124708,124763,124928,124697,97022,28165],"meta":{"created":"2019-07-03T06:37:27"},"new":["1a. Agrees with the Commission that","the lack of cross-border financial services","is a major concern and may harm the","interests of consumers and businesses, as","well as undermine the functioning of the","single market; supports all efforts to find","new ways to re-launch the single market","for retail financial services in practice;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"6","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Kaja Kallas, Dita Charanzov\u00e1","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-7","location":[[" Draft opinion","Paragraph 1 a (new)"]],"meps":[124697,124708],"meta":{"created":"2019-07-03T06:37:27"},"new":["1a. Notes that it is particularly","important to remove cross-border barriers","in the insurance sector in order to boost","the collaborative economy;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"7","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Philippe Juvin","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-8","location":[[" Draft opinion","Paragraph 1 a (new)"]],"meps":[96884],"meta":{"created":"2019-07-03T06:37:27"},"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;"],"orig_lang":"fr","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"8","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Richard Sul\u00edk","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-9","location":[[" Draft opinion","Paragraph 1 a (new)"]],"meps":[124928],"meta":{"created":"2019-07-03T06:37:27"},"new":["1a. Reminds that after the crisis, the","financial sector had to adapt enormously","to new EU regulations;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"9","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Dita Charanzov\u00e1, Antanas Guoga, Richard Sul\u00edk, Kaja Kallas, Lambert van Nistelrooij","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-10","location":[["Draft opinion","Paragraph 1 b (new)"]],"meps":[124708,124763,124928,124697,28165],"meta":{"created":"2019-07-03T06:37:27"},"new":["1b. Stresses, as outlined in the Green","paper, that barriers preventing financial","products from being sold across borders","and the lack of cross-border sales are not","primarily found in European law but","either in barriers caused by national","legislations or by the voluntary choice of","financial institutions to segment the single","market into national markets; asks the","Commission to undertaken further","analysis to understand this market","segmentation and price discrimination","and to recommend in a white paper, while","respecting the freedom to contract,","measures that could be introduced to","encourage financial institutions to","compete beyond national borders and to","challenge current national pricing","structures;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"10","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-11","location":[["Draft opinion","Paragraph 1 b (new)"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:27"},"new":["1b. Takes the view that the possibility","of opening accounts in institutions that","are not physically established in the","Member State of residence, without","requiring customers to travel to that","institution\u2019s branches and using remote","signature of contracts and distance","verification of identity, will not only act as","a catalyst for capital flight in future","financial crises but will also help to","weaken the fight against money-","laundering;"],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"11","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Philippe Juvin","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-12","location":[[" Draft opinion","Paragraph 1 b (new)"]],"meps":[96884],"meta":{"created":"2019-07-03T06:37:27"},"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;"],"orig_lang":"fr","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"12","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Richard Sul\u00edk","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-13","location":[[" Draft opinion","Paragraph 1 b (new)"]],"meps":[124928],"meta":{"created":"2019-07-03T06:37:27"},"new":["1b. Encourages the Commission that","before taking further legislative action it","is essential to assess, in time sufficient","after the proper implementation or","transposition of the latest legislation, the","impact of all legislation related to the","financial sector;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"13","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Dita Charanzov\u00e1, Antanas Guoga, Richard Sul\u00edk, Robert Rochefort","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-14","location":[["Draft opinion","Paragraph 1 c (new)"]],"meps":[124708,124763,124928,97022],"meta":{"created":"2019-07-03T06:37:28"},"new":["1c. Underlines the continued lack of","cross-border sales of individual third","party liability vehicle insurance is","especially concerning; notes this lack of","competition has led to some EU citizens","paying rates that are hundreds of times","higher than others for the same vehicle","model; while understanding that risk and","costs are factors in prices, notes that these","factors are not sufficient to explain such","price fragmentation across Europe; asks","the Commission to adopt an sector","specific action plan on the European","market for individual motor vehicle","insurances, including recommendations","as to EU wide rules on guarantee funds,","guidelines on the use of 'bonus-malus'","data when a EU citizen moves to another","Member State and other possible actions","needed to create a true single market for","vehicle insurance;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"14","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-15","location":[[" Draft opinion","Paragraph 1 c (new)"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:28"},"new":["1c. Takes the view, furthermore, that","this possibility will entail the closure of","physical branches dealing with the public,","which will reduce the quality of the","service provided and lead to redundancies","in the retail financial services sector;","points out that the remote provision of","services relies on customer support","services staffed by subcontracting to","temporary employment agencies, which","are associated with precarious","employment ties and working conditions","and low wages, and in which workers are","unable to acquire any link with the firm","providing the service even when they have","worked for that firm for several years;"],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"15","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Philippe Juvin","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-16","location":[[" Draft opinion","Paragraph 1 c (new)"]],"meps":[96884],"meta":{"created":"2019-07-03T06:37:28"},"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;"],"orig_lang":"fr","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"16","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Richard Sul\u00edk, Dita Charanzov\u00e1","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-17","location":[["Draft opinion","Paragraph 1 c (new)"]],"meps":[124928,124708],"meta":{"created":"2019-07-03T06:37:28"},"new":["1c. Notes that in order to facilitate","cross-border activities for effective single","market it is crucial to conduct an in-depth","assessment which would identify the","existing EU and national obstacles and","the remaining barriers, which impact","consumers and businesses and cannot be","solved by the industry itself;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"17","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Richard Sul\u00edk, Dita Charanzov\u00e1","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-18","location":[["Draft opinion","Paragraph 1 d (new)"]],"meps":[124928,124708],"meta":{"created":"2019-07-03T06:37:28"},"new":["1d. Recognises that improving digital","capacity can bring the financial services","industry to higher level of performance,","can offer new opportunities for both","consumers and the industry in terms of","competition and service and lead to","paperless procedures;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"18","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Richard Sul\u00edk","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-19","location":[[" Draft opinion","Paragraph 1 e (new)"]],"meps":[124928],"meta":{"created":"2019-07-03T06:37:28"},"new":["1e. Calls on the Commission to","research whether European Union\u00b4s","regulations are adapted to current and","future digital reality (e.g. capital","requirement regulation on article 36 and","37 for investment in software and capital","requirements directive IV on article 92","and 94 regarding remuneration policies to","attract and retain talents, a clear","framework for the private sector to use","nationally recognised and accepted e-","identification (e.g. video identification)","systems across the Union, regulations","leading to an overload of papers for","consumers such as the PRIIPs regulation","or the Insurance Distribution Directive);"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"19","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-20","location":[[" Draft opinion","Paragraph 2"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:28"},"new":["2. Regrets that up to now","digitalisation has not brought better","market access for businesses on an equal","footing, especially for SMEs, and greater","consumer choice, bringing down price","differences of financial services in the","Member States;"],"old":["2. Calls on the Commission to ensure","that digitalisation brings better market","access for businesses on an equal footing,","especially for SMEs and fintechs, and","greater consumer choice, bringing down","price differences of financial services","within the EU;"],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"20","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Philippe Juvin","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-21","location":[["Draft opinion","Paragraph 2"]],"meps":[96884],"meta":{"created":"2019-07-03T06:37:28"},"new":["2. Calls on the Commission to ensure","that digitalisation brings better market","access for businesses on an equal footing,","including for SMEs and fintechs, ensuring","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;"],"old":["2. Calls on the Commission to ensure","that digitalisation brings better market","access for businesses on an equal footing,","especially for SMEs and fintechs, and","greater consumer choice, bringing down","price differences of financial services","within the EU;"],"orig_lang":"fr","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"21","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Dita Charanzov\u00e1, Antanas Guoga, Kaja Kallas, Robert Rochefort, Lambert van Nistelrooij","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-22","location":[["Draft opinion","Paragraph 2"]],"meps":[124708,124763,124697,97022,28165],"meta":{"created":"2019-07-03T06:37:28"},"new":["2. Welcomes the benefits brought to","consumers by the digital transformation","of financial services and the raise of non-","traditional fintech companies which have","started to change the way retailers and","consumers interact; calls on the","Commission to ensure that digitalisation","brings better market access for all","businesses, especially for SMEs and","fintechs, and greater consumer choice,","bringing down price differences of","financial services within the EU;"],"old":["2. Calls on the Commission to ensure","that digitalisation brings better market","access for businesses on an equal footing,","especially for SMEs and fintechs, and","greater consumer choice, bringing down","price differences of financial services","within the EU;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"22","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Richard Sul\u00edk, Dita Charanzov\u00e1","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-23","location":[[" Draft opinion","Paragraph 2"]],"meps":[124928,124708],"meta":{"created":"2019-07-03T06:37:28"},"new":["2. Calls on the Commission to ensure","that digitalisation brings better market","access for all businesses on an equal","footing, especially for SMEs and fintechs,","fair competition with the aim to create a","wider choice for consumers and help","reducing prices and improving quality of","financial services within the EU;"],"old":["2. Calls on the Commission to ensure","that digitalisation brings better market","access for businesses on an equal footing,","especially for SMEs and fintechs, and","greater consumer choice, bringing down","price differences of financial services","within the EU;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"23","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-24","location":[[" Draft opinion","Paragraph 2"]],"meps":[125069],"meta":{"created":"2019-07-03T06:37:28"},"new":["2. Calls on the Commission to ensure","that digitalisation brings better market","access for businesses on an equal footing,","especially for SMEs and fintechs, and","greater consumer choice, acting as a","catalyst in bringing down price differences","of financial services within the EU;"],"old":["2. Calls on the Commission to ensure","that digitalisation brings better market","access for businesses on an equal footing,","especially for SMEs and fintechs, and","greater consumer choice, bringing down","price differences of financial services","within the EU;"],"orig_lang":"el","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"24","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Ildik\u00f3 G\u00e1ll-Pelcz","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-25","location":[[" Draft opinion","Paragraph 2"]],"meps":[102886],"meta":{"created":"2019-07-03T06:37:28"},"new":["2. Calls on the Commission to ensure","that digitalisation brings better market","access for businesses on an equal footing,","especially for SMEs and fintechs, and","greater consumer choice, bringing down","price differences of financial services","within the EU, whilst considering the","financial risks of consumers brought","forward by digitalisation;"],"old":["2. Calls on the Commission to ensure","that digitalisation brings better market","access for businesses on an equal footing,","","especially for SMEs and fintechs, and","greater consumer choice, bringing down","price differences of financial services","within the EU;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"25","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Philippe Juvin","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-26","location":[["Draft opinion","Paragraph 2 a (new)"]],"meps":[96884],"meta":{"created":"2019-07-03T06:37:28"},"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;"],"orig_lang":"fr","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"26","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Richard Sul\u00edk, Dita Charanzov\u00e1","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-27","location":[["Draft opinion","Paragraph 2 a (new)"]],"meps":[124928,124708],"meta":{"created":"2019-07-03T06:37:29"},"new":["2a. Calls for a fair competitive","environment which encourages","innovation, offers regulatory flexibility for","its testing (such as regulatory sandboxes),","while ensuring a high level of consumer","protection and security;"],"old":[""],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"27","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Philippe Juvin","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-28","location":[[" Draft opinion","Paragraph 2 b (new)"]],"meps":[96884],"meta":{"created":"2019-07-03T06:37:29"},"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;"],"orig_lang":"fr","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"28","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-29","location":[[" Draft opinion","Paragraph 3"]],"meps":[125069],"meta":{"created":"2019-07-03T06:37:29"},"new":["3. Notes the increasing number of new","types of service provider operating in this","market; considers that this may bring","significant benefits for consumers, through","suitable regulation so as to ensure high","levels of security and transparency;"],"old":["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;"],"orig_lang":"el","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"29","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Philippe Juvin","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-30","location":[["Draft opinion","Paragraph 3"]],"meps":[96884],"meta":{"created":"2019-07-03T06:37:29"},"new":["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;"],"old":["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;"],"orig_lang":"fr","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"30","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Maria Grapini, Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-31","location":[["Draft opinion","Paragraph 3"]],"meps":[124785,103488],"meta":{"created":"2019-07-03T06:37:29"},"new":["3. Notes the increasing number of new","types of service provider operating in this","market; considers that this may bring","significant benefits for consumers, as well","as increased competition on the market,","with adequate regulation to ensure high","levels of security and transparency;"],"old":["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;"],"orig_lang":"ro","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"31","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Maria Grapini, Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-32","location":[[" Draft opinion","Paragraph 3 a (new)"]],"meps":[124785,103488],"meta":{"created":"2019-07-03T06:37:29"},"new":["3a. Believes that the EU institutions","should have suitable procedures at their","disposal for governance and control in","respect of new types of financial product;","draws attention to the fact that all","innovative products on the financial","services market are unpredictable as","regards their effects on consumers, the","market and the system as a whole;","considers that, in these circumstances, the","authorities should subject such activity to","the appropriate supervision;"],"orig_lang":"ro","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"32","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-33","location":[[" Draft opinion","Paragraph 4"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:29"},"new":["4. Takes the view that low consumer","trust in financial services stems from the","behaviour of financial institutions","themselves, since the 2007/2008 financial","crisis, subsequent events in the retail","banking sector in several Member States","and the sector\u2019s own direct and indirect","involvement in tax avoidance and evasion","schemes have been the engine driving this","dissatisfaction and lack of trust; takes the","view, therefore, that while it is important","to improve consumer financial literacy and","increase the transparency of financial","products, this situation will be reversed","only with a change in the way financial","institutions behave towards their","customers, alongside an appropriate legal","framework and strong regulatory bodies","that uphold the interest of the people and","of workers in the context of each Member","State\u2019s sovereignty;"],"old":["4. Is concerned that consumer trust in","financial services remains low, 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 switching;",""],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"33","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Philippe Juvin","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-34","location":[["Draft opinion","Paragraph 4"]],"meps":[96884],"meta":{"created":"2019-07-03T06:37:29"},"new":["4. Stresses that greater consumer trust","in financial services is needed, and calls on","the Commission to bring forward measures","to encourage 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;"],"old":["4. Is concerned that consumer trust in","financial services remains low, 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 switching;"],"orig_lang":"fr","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"34","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Richard Sul\u00edk","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-35","location":[["Draft opinion","Paragraph 4"]],"meps":[124928],"meta":{"created":"2019-07-03T06:37:29"},"new":["4. Is concerned that consumer trust in","financial services remains low, and calls on","the Commission to assess whether existing","rules on the transparency of retail","financial products are efficient and","sufficiently implemented and to increase","financial education of customers, taking","into account that for the consumer it is","not important only to access an","information but also to understand it;"],"old":["4. Is concerned that consumer trust in","financial services remains low, 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 switching;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"35","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Dita Charanzov\u00e1, Antanas Guoga","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-36","location":[[" Draft opinion","Paragraph 4"]],"meps":[124708,124763],"meta":{"created":"2019-07-03T06:37:29"},"new":["4. Is concerned that consumer trust in","financial services remains low, and calls on","the Commission to ensure that current","measures towards improved consumer","financial literacy and awareness are fully","implemented, to increase the transparency","of these products, and to remove consumer","barriers to switching; underlines that the","European Standardised Information","Sheet (ESIS) and Standard European","Consumer Credit Information forms","should be systematically given to","consumers before an agreement as part of","a credit, loan or mortgage estimate;"],"old":["4. Is concerned that consumer trust in","financial services remains low, 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 switching;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"36","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Ildik\u00f3 G\u00e1ll-Pelcz","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-37","location":[[" Draft opinion","Paragraph 4"]],"meps":[102886],"meta":{"created":"2019-07-03T06:37:29"},"new":["4. Is concerned that consumer trust in","financial services remains low, especially","concerning financial products with high","currency exchange risks, and calls on the","Commission to bring forward measures to","improve consumer financial literacy, better","information-sharing by financial","intermediaries by increasing the","transparency of these products, and to","remove consumer barriers to switching;"],"old":["4. Is concerned that consumer trust in","financial services remains low, 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 switching;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"37","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Notis Marias","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-38","location":[["Draft opinion","Paragraph 4"]],"meps":[125069],"meta":{"created":"2019-07-03T06:37:29"},"new":["4. Deplores the fact that consumer","trust in financial services remains low, and","calls on the Commission to bring forward","measures forthwith to improve consumer","financial literacy, to increase the","transparency of these products, and to","remove consumer barriers to switching;"],"old":["4. Is concerned that consumer trust in","financial services remains low, 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","switching;"],"orig_lang":"el","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"38","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Maria Grapini","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-39","location":[["Draft opinion","Paragraph 4"]],"meps":[124785],"meta":{"created":"2019-07-03T06:37:30"},"new":["4. Is concerned that consumer trust in","financial services remains low, 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","switching and any unjustified costs","relating to this or to the shedding of a","product;"],"old":["4. Is concerned that consumer trust in","financial services remains low, 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","switching;"],"orig_lang":"ro","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"39","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Richard Sul\u00edk","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-40","location":[[" Draft opinion","Paragraph 4 a (new)"]],"meps":[124928],"meta":{"created":"2019-07-03T06:37:30"},"new":["4a. Calls on the Commission to ensure","that the post-crisis legislations aiming at","increasing the transparency of financial","products and services are properly","implemented in the Member States and to","ensure that required comparison tools are","accurate, comparing only products and","services comparable across jurisdictions;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"40","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Kaja Kallas, Dita Charanzov\u00e1","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-41","location":[[" Draft opinion","Paragraph 4 a (new)"]],"meps":[124697,124708],"meta":{"created":"2019-07-03T06:37:30"},"new":["4a. Welcomes the work of various","European-level agencies in protecting the","interests of consumers in the financial","sector; stresses, however, the need for","better collaboration between these","agencies to increase efficiency and avoid","the duplication of tasks;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"41","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Dita Charanzov\u00e1, Antanas Guoga, Richard Sul\u00edk, Robert Rochefort, Lambert van Nistelrooij","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-42","location":[["Draft opinion","Paragraph 4 a (new)"]],"meps":[124708,124763,124928,97022,28165],"meta":{"created":"2019-07-03T06:37:30"},"new":["4a. Calls on the Member States to","fully transpose and implement the MCD,","PAD, IDD MiFID II directives as soon as","possible, especially in relations to their","consumer information requirements and","protection measures;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"42","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Dita Charanzov\u00e1, Antanas Guoga, Robert Rochefort","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-43","location":[["Draft opinion","Paragraph 4 b (new)"]],"meps":[124708,124763,97022],"meta":{"created":"2019-07-03T06:37:30"},"new":["4b. Stresses the roles played by the","European Banking Authority (EBA), the","European Securities and Markets","Authority (ESMA) and the European","Insurance and Occupational Pensions","Authority (EIOPA) in ensuring the","protection of the consumers of financial","products; asks the Commission to ensure","they have the independency and tools","needed to carry out their missions and","regrets the budget reductions which have","led to the limiting of their working","programmes;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"43","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Richard Sul\u00edk, Dita Charanzov\u00e1","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-44","location":[["Draft opinion","Paragraph 4 b (new)"]],"meps":[124928,124708],"meta":{"created":"2019-07-03T06:37:30"},"new":["4b. Stresses that any new Commission","proposal shall be based on proper and","accurate data;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"44","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-45","location":[[" Draft opinion","Paragraph 5"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:30"},"new":["deleted"],"old":["5. Considers that unjustified","discrimination based on 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 differences;"],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"45","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Richard Sul\u00edk","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-46","location":[[" Draft opinion","Paragraph 5"]],"meps":[124928],"meta":{"created":"2019-07-03T06:37:30"},"new":["deleted"],"old":["5. Considers that unjustified","discrimination based on 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 differences;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"46","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Philippe Juvin","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-47","location":[["Draft opinion","Paragraph 5"]],"meps":[96884],"meta":{"created":"2019-07-03T06:37:30"},"new":["5. Considers that it is important to","recall that businesses are not permitted to","discriminate on grounds of nationality,","sex or religion 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;"],"old":["5. Considers that unjustified","discrimination based on 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 differences;"],"orig_lang":"fr","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"47","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Notis Marias","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-48","location":[["Draft opinion","Paragraph 5"]],"meps":[125069],"meta":{"created":"2019-07-03T06:37:30"},"new":["5. Believes that unjustified","discrimination based on residence and","price differences for common retail","financial products between EU Member","States requires that urgent action be taken","forthwith; takes the view that comparison","tools play an important role in bringing","down price differences;"],"old":["5. Considers that unjustified","discrimination based on 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 differences;"],"orig_lang":"el","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"48","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Dita Charanzov\u00e1, Antanas Guoga, Lambert van Nistelrooij","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-49","location":[[" Draft opinion","Paragraph 5"]],"meps":[124708,124763,28165],"meta":{"created":"2019-07-03T06:37:31"},"new":["5. Considers that unjustified","discrimination based on 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 differences; believes that retail","financial institutions should be within the","scope of the Commission's proposal on","Geo-blocking (2016/289/EU)."],"old":["5. Considers that unjustified","discrimination based on 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 differences;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"49","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Ildik\u00f3 G\u00e1ll-Pelcz","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-50","location":[[" Draft opinion","Paragraph 5"]],"meps":[102886],"meta":{"created":"2019-07-03T06:37:31"},"new":["5. Considers that unjustified","discrimination based on residence and","price differences for common retail","financial products between Member States","requires urgent action by establishing a","novel concept of European residence;","suggests that comparison tools play a role","in bringing down price differences;"],"old":["5. Considers that unjustified","discrimination based on 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 differences;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"50","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-51","location":[[" Draft opinion","Paragraph 6"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:31"},"new":["deleted"],"old":["6. Stresses that portability of","products is essential for a real single","market in retail financial services; calls","on the Commission, therefore, to submit","measures to ensure cross-border","portability, harmonising the rights and","obligations of businesses and consumers","in the sector across the EU;"],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"51","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Richard Sul\u00edk","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-52","location":[["Draft opinion","Paragraph 6"]],"meps":[124928],"meta":{"created":"2019-07-03T06:37:31"},"new":["deleted"],"old":["6. Stresses that portability of","products is essential for a real single","market in retail financial services; calls","on the Commission, therefore, to submit","measures to ensure cross-border","portability, harmonising the rights and","obligations of businesses and consumers","in the sector across the EU;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"52","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Ildik\u00f3 G\u00e1ll-Pelcz","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-53","location":[["Draft opinion","Paragraph 6"]],"meps":[102886],"meta":{"created":"2019-07-03T06:37:31"},"new":["6. Stresses that portability of products","is essential for a real single market in retail","financial services, especially regarding the","portability of pension rights and of private","health insurance; calls on the","Commission, therefore, to submit measures","to ensure cross-border portability,","harmonising the rights and obligations of","businesses and consumers in the sector","across the EU;"],"old":["6. Stresses that portability of products","is essential for a real single market in retail","financial services; calls on the","Commission, therefore, to submit measures","","to ensure cross-border portability,","harmonising the rights and obligations of","businesses and consumers in the sector","across the EU;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"53","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-54","location":[[" Draft opinion","Paragraph 6"]],"meps":[125069],"meta":{"created":"2019-07-03T06:37:31"},"new":["6. Stresses that portability of products","is essential for a real single market in retail","financial services; calls on the European","Commission, therefore, to submit measures","to ensure cross-border portability,","harmonising the rights and obligations of","businesses and consumers in the sector","across the EU;"],"old":["6. Stresses that portability of products","is essential for a real single market in retail","financial services; calls on the","Commission, therefore, to submit measures","to ensure cross-border portability,","harmonising the rights and obligations of","businesses and consumers in the sector","across the EU;"],"orig_lang":"el","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"54","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-55","location":[[" Draft opinion","Paragraph 7"]],"meps":[125069],"meta":{"created":"2019-07-03T06:37:31"},"new":["7. Emphasises that rising numbers of","cross-border transactions are increasing","demand for information on personal","financial data such as solvency in private","agreements, and stresses the need for","common rules on such exchanges of","information, in compliance with data","protection rules;"],"old":["7. Notes that rising numbers of cross-","border transactions are increasing demand","for information on personal financial data","such as solvency in private agreements,","and stresses the need for common rules on","such exchanges of information, in","compliance with data protection rules;"],"orig_lang":"el","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"55","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Richard Sul\u00edk, Dita Charanzov\u00e1","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-56","location":[["Draft opinion","Paragraph 7 a (new)"]],"meps":[124928,124708],"meta":{"created":"2019-07-03T06:37:31"},"new":["7a. Notes that the contractual freedom","of the financial institutions to offer their","services cross-border must be respected,","as service providers should retain the","ability to decide which customer segments","and markets are appropriate as part of","their business model;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"56","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-57","location":[["Draft opinion","Paragraph 8"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:31"},"new":["deleted"],"old":["8. Emphasises the importance of","availability of alternative dispute","resolution (ADR) and online dispute","resolution (ODR), especially cross-border,","as efficient redress is key to the single","market and consumer trust;"],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"57","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Philippe Juvin","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-58","location":[["Draft opinion","Paragraph 8"]],"meps":[96884],"meta":{"created":"2019-07-03T06:37:31"},"new":["8. Emphasises the importance of","availability of alternative dispute resolution","(ADR) and online dispute resolution","(ODR), as efficient conflict resolution is","key to the single market and consumer","trust;"],"old":["8. Emphasises the importance of","availability of alternative dispute resolution","(ADR) and online dispute resolution","(ODR), especially cross-border, as","efficient redress is key to the single market","and consumer trust;"],"orig_lang":"fr","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"58","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Richard Sul\u00edk","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-59","location":[[" Draft opinion","Paragraph 8"]],"meps":[124928],"meta":{"created":"2019-07-03T06:37:31"},"new":["8. Emphasises the importance of","availability of alternative dispute resolution","(ADR) and online dispute resolution","(ODR), to the benefit of the single market","and consumer trust;"],"old":["8. Emphasises the importance of","availability of alternative dispute resolution","(ADR) and online dispute resolution","(ODR), especially cross-border, as","efficient redress is key to the single market","and consumer trust;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"59","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-60","location":[[" Draft opinion","Paragraph 8"]],"meps":[125069],"meta":{"created":"2019-07-03T06:37:31"},"new":["8. Emphasises the value of the","availability of alternative dispute resolution","(ADR) and online dispute resolution","(ODR), especially cross-border, since","efficient redress is key to the single market","and consumer trust;"],"old":["8. Emphasises the importance of","availability of alternative dispute resolution","(ADR) and online dispute resolution","(ODR), especially cross-border, as","efficient redress is key to the single market","and consumer trust;"],"orig_lang":"el","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"60","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Maria Grapini, Marlene Mizzi","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-61","location":[["Draft opinion","Paragraph 8"]],"meps":[124785,118858],"meta":{"created":"2019-07-03T06:37:32"},"new":["8. Emphasises the importance of","availability of alternative dispute resolution","(ADR) and online dispute resolution","(ODR), especially cross-border, as efficient","redress is key to the single market, and","particularly for SMEs and consumer trust;"],"old":["8. Emphasises the importance of","availability of alternative dispute resolution","(ADR) and online dispute resolution","(ODR), especially cross-border, as efficient","redress is key to the single market and","consumer trust;"],"orig_lang":"ro","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"61","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Dita Charanzov\u00e1, Antanas Guoga, Robert Rochefort, Lambert van Nistelrooij","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-62","location":[["Draft opinion","Paragraph 8"]],"meps":[124708,124763,97022,28165],"meta":{"created":"2019-07-03T06:37:32"},"new":["8. Emphasises the importance of","availability of alternative dispute resolution","(ADR) and online dispute resolution","(ODR), especially cross-border, as efficient","redress is key to the single market and","consumer trust; recommends that the Fin-","NET programme be incorporated into the","ADR and ODR structures in order to","increase its efficiency and the work","towards consolidating such services into","'one-stop-shops' for consumers;"],"old":["8. Emphasises the importance of","availability of alternative dispute resolution","(ADR) and online dispute resolution","(ODR), especially cross-border, as efficient","redress is key to the single market and","consumer trust;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"62","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Dita Charanzov\u00e1, Antanas Guoga, Richard Sul\u00edk, Kaja Kallas, Robert Rochefort, Lambert van Nistelrooij","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-63","location":[[" Draft opinion","Paragraph 8 a (new)"]],"meps":[124708,124763,124928,124697,97022,28165],"meta":{"created":"2019-07-03T06:37:32"},"new":["8a. Asks the Member States to ensure","that digital communications and sales","related to retail financial services are","available in forms accessible to persons","with disabilities, including via websites","and downloadable file formats; supports","the full inclusion of all retail financial","services within the scope of the Directive","on the accessibility requirements for","products and services (the \"European","Accessibility Act\");"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"63","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Dita Charanzov\u00e1, Antanas Guoga, Kaja Kallas, Robert Rochefort, Lambert van Nistelrooij","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-64","location":[[" Draft opinion","Paragraph 8 b (new)"]],"meps":[124708,124763,124697,97022,28165],"meta":{"created":"2019-07-03T06:37:32"},"new":["8b. Asks the Commission to work with","retailers, consumer organisations and","other relevant stakeholders towards the","creation of an independent pan-European","comparison website for the most sold","financial services products;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"64","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Jo\u00e3o Pimenta Lopes","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-65","location":[[" Draft opinion","Paragraph 9"]],"meps":[136236],"meta":{"created":"2019-07-03T06:37:32"},"new":["9. Asks the European Commission to","suspend presentation of an action plan on","retail financial services."],"old":["9. Asks the Commission for an action","plan on retail financial services."],"orig_lang":"pt","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"65","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Notis Marias","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-66","location":[["Draft opinion","Paragraph 9"]],"meps":[125069],"meta":{"created":"2019-07-03T06:37:32"},"new":["9. Looks to the Commission for an","immediate and effective action plan on","retail financial services."],"old":["9. Asks the Commission for an action","plan on retail financial services."],"orig_lang":"el","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"66","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Maria Grapini, Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-67","location":[["Draft opinion","Paragraph 9"]],"meps":[124785,103488],"meta":{"created":"2019-07-03T06:37:32"},"new":["9. Asks the Commission for an action","plan on retail financial services, along with","consumer information measures."],"old":["9. Asks the Commission for an action","plan on retail financial services."],"orig_lang":"ro","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"67","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Dita Charanzov\u00e1, Antanas Guoga, Kaja Kallas","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-68","location":[["Draft opinion","Paragraph 9 a (new)"]],"meps":[124708,124763,124697],"meta":{"created":"2019-07-03T06:37:32"},"new":["9a. Asks the Commission to assess the","impact of a proposal to ban all fees or","charges related to the sending or","receiving of SEPA or national wire-","transfers and the potential benefits for","European consumers;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"68","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Notis Marias","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-69","location":[[" Draft opinion","Paragraph 9 a (new)"]],"meps":[125069],"meta":{"created":"2019-07-03T06:37:32"},"new":["9\u03b1. Condemns the austerity measures","and the Memoranda imposed by the","Troika on Greece which had the effect of","placing obstacles in the way of efforts to","develop the digital economy."],"orig_lang":"el","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"69","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Dita Charanzov\u00e1, Antanas Guoga, Kaja Kallas, Robert Rochefort","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-70","location":[[" Draft opinion","Paragraph 9 b (new)"]],"meps":[124708,124763,124697,97022],"meta":{"created":"2019-07-03T06:37:32"},"new":["9b. Welcomes the work towards","greater transparency in the pricing of","rental car services, including the sale of","ancillary insurances and other fees;","stresses that all fees or charges, either","required or optional, connected to the","rental a vehicle should be visible to the","consumer on the rental company or","comparison website in a clear and","highlighted manner; reminds the","Commission of the need to enforce the","Unfair Commercial Practices Directive","and welcomes the recent adoption of new","implementing guidelines in light of","technological change;"],"old":[""],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"70","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Dita Charanzov\u00e1, Antanas Guoga, Richard Sul\u00edk, Kaja Kallas, Lambert van Nistelrooij","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-71","location":[["Draft opinion","Paragraph 9 c (new)"]],"meps":[124708,124763,124928,124697,28165],"meta":{"created":"2019-07-03T06:37:32"},"new":["9c. Underlines the need to remove all","barriers to the provision of financial","services across borders includes national","requirements to establish a structure or","register in the Member State of the","consumer; reminds the Member States of","the current legislative requirements and","case law in this domain and believes that","if barriers are not removed that the","Commission should take additional","measures;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"71","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":"Dita Charanzov\u00e1, Antanas Guoga, Richard Sul\u00edk, Kaja Kallas","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-72","location":[["Draft opinion","Paragraph 9 d (new)"]],"meps":[124708,124763,124928,124697],"meta":{"created":"2019-07-03T06:37:33"},"new":["9d. Welcomes the increased use of e-","signatures and e-identification within the","framework of the eIDAS regulation; asks","the Member States to work to ensure that","e-signatures become the norm for","financial service transactions and","agreements; calls on the Commission to","promote the use of e-IDs as a means of","remote identification which meets current","safety requirements while not hindering","business at a distance;"],"old":[""],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"72","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Dita Charanzov\u00e1, Antanas Guoga, Richard Sul\u00edk, Kaja Kallas, Robert Rochefort","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-73","location":[[" Draft opinion","Paragraph 9 e (new)"]],"meps":[124708,124763,124928,124697,97022],"meta":{"created":"2019-07-03T06:37:33"},"new":["9e. Recalls the work done relating to","the credit rating agencies regulation; asks","the Commission to review the impact of","such legislation in relations to products","sold to retail consumers;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"73","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"},{"authors":" Dita Charanzov\u00e1, Antanas Guoga","changes":{},"committee":["IMCO"],"date":"2016-06-02T00:00:00","id":"PE582.123-74","location":[[" Draft opinion","Paragraph 9 f (new)"]],"meps":[124708,124763],"meta":{"created":"2019-07-03T06:37:33"},"new":["9f. Supports the introduction of a","fully transferable bank account number","system to replace the current SEPA","system which ties a consumer to a single","institution via the linking of an IBAN","with a fixed BIC/SWIFT code; calls on","the Commission to introduce a proposal to","allow the portability of bank account","numbers and believes that, at a minimum,","portability should be possible between","institutions within a single Member State;"],"orig_lang":"en","peid":"PE582.123v01-00","reference":"2016/2056(INI)","seq":"74","src":"http://www.europarl.europa.eu/doceo/document/IMCO-AM-582123_EN.pdf"}],"changes":{"2016-05-03T01:57:26":[{"data":[{"body":"EC","commission":[{"Commissioner":"HILL Jonathan","DG":{"title":"Economic and Financial Affairs","url":"http://ec.europa.eu/dgs/economy_finance/index_en.htm"}}],"date":"2015-12-10T00:00:00","docs":[{"celexid":"CELEX:52015DC0630:EN","title":"COM(2015)0630","type":"Non-legislative basic document published","url":"http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/com/2015/0630/COM_COM(2015)0630_EN.pdf"}],"type":"Non-legislative basic document published"},{"body":"EP","committees":[{"body":"EP","committee":"ECON","committee_full":"Economic and Monetary Affairs","date":"2015-12-17T00:00:00","rapporteur":[{"group":"S&D","mepref":"4f1ad936b819f207b3000002","name":"LUDVIGSSON Olle"}],"responsible":true,"shadows":[{"group":"EPP","mepref":"4f1ac6efb819f25efd000057","name":"CADEC Alain"},{"group":"ECR","mepref":"4f1ac814b819f25efd0000c7","name":"FOX Ashley"},{"group":"ALDE","mepref":"4f1ac934b819f25efd00011a","name":"IN 'T VELD Sophia"},{"group":"GUE/NGL","mepref":"4f1ad983b819f207b300001f","name":"MATIAS Marisa"},{"group":"Verts/ALE","mepref":"4f1ac841b819f25efd0000d8","name":"GIEGOLD Sven"},{"group":"EFD","mepref":"53ba8254b819f24b330001a9","name":"VALLI Marco"}]},{"body":"EP","committee":"IMCO","committee_full":"Internal Market and Consumer Protection","date":"2016-02-02T00:00:00","rapporteur":[{"group":"S&D","mepref":"4f1ac443b819f25896000000","name":"GUTI\u00c9RREZ PRIETO Sergio"}],"responsible":false},{"body":"EP","committee":"JURI","committee_full":"Legal Affairs","responsible":false}],"date":"2016-04-28T00:00:00","type":"Committee referral announced in Parliament, 1st reading/single reading"},{"body":"EP","date":"2016-09-29T00:00:00","type":"Vote scheduled in committee, 1st reading/single reading"},{"body":"EP","date":"2016-11-21T00:00:00","type":"Indicative plenary sitting date, 1st reading/single reading"}],"path":["activities"],"type":"added"},{"data":[{"body":"EC","commissioner":"HILL Jonathan","dg":{"title":"Economic and Financial Affairs","url":"http://ec.europa.eu/dgs/economy_finance/index_en.htm"}}],"path":["other"],"type":"added"},{"data":[{"body":"EP","committee":"ECON","committee_full":"Economic and Monetary Affairs","date":"2015-12-17T00:00:00","rapporteur":[{"group":"S&D","mepref":"4f1ad936b819f207b3000002","name":"LUDVIGSSON Olle"}],"responsible":true,"shadows":[{"group":"EPP","mepref":"4f1ac6efb819f25efd000057","name":"CADEC Alain"},{"group":"ECR","mepref":"4f1ac814b819f25efd0000c7","name":"FOX Ashley"},{"group":"ALDE","mepref":"4f1ac934b819f25efd00011a","name":"IN 'T VELD Sophia"},{"group":"GUE/NGL","mepref":"4f1ad983b819f207b300001f","name":"MATIAS Marisa"},{"group":"Verts/ALE","mepref":"4f1ac841b819f25efd0000d8","name":"GIEGOLD Sven"},{"group":"EFD","mepref":"53ba8254b819f24b330001a9","name":"VALLI Marco"}]},{"body":"EP","committee":"IMCO","committee_full":"Internal Market and Consumer Protection","date":"2016-02-02T00:00:00","rapporteur":[{"group":"S&D","mepref":"4f1ac443b819f25896000000","name":"GUTI\u00c9RREZ PRIETO Sergio"}],"responsible":false},{"body":"EP","committee":"JURI","committee_full":"Legal Affairs","responsible":false}],"path":["committees"],"type":"added"},{"data":{},"path":["links"],"type":"added"},{"data":{"dossier_of_the_committee":"ECON/8/05919","legal_basis":["Rules of Procedure of the European Parliament EP 052"],"reference":"2016/2056(INI)","stage_reached":"Awaiting committee decision","subject":["2.50.08 Financial services, financial reporting and auditing"],"subtype":"Initiative","title":"Green paper on retail financial services","type":"INI - Own-initiative procedure"},"path":["procedure"],"type":"added"}],"2016-05-22T02:04:39":[{"data":["
PURPOSE: to launch a debate at EU and national level\non how to ensure a further opening of the European market in retail\nfinancial services.
\nCONTENT: retail finance provides a number of services\nthat are essential for citizens: current accounts, pensions and\nsavings, mortgages and financing other purchases, personal\ninsurance against health problems or accidents and property\ninsurance.
\nBut Europe-wide markets in retail financial services\ndo not really exist at present. Only\na small minority of retail financial service purchases take place\nacross borders. There are many good products that exist in domestic\nmarkets, but it is difficult for consumers in one EU Member State\nto buy products provided in another. Furthermore, prices vary\nwidely across the EU: for example, motor insurance for ordinary\ncitizens.
\nThe Commission considers that digitalisation\ncould help bring down prices and improve the comparability of\nproducts, empowering consumers in their financial choices. In the\nlong run, digitalisation should allow firms to make their products\navailable anywhere in the Union, bringing a single European market\ncloser to reality.
\nBuilding confidence, will, however, be\ncrucial to the expansion of the\nsingle market in this area: confidence among companies that they\ncan do business across borders and trust among consumers that if\nthey use a service across borders their interests will be\nprotected.
\nThe Commission's goal is to maximise the practical\nbenefits of a single market in retail financial services for as\nmany European consumers as possible by opening up the\nmarket, so that they have a bigger and better choice of\nfinancial products.
\nThe Green Paper complements other key pieces of\nCommission work:
\nRetail financial services are also subject to a wide\nvariety of requirements and regulations at EU and national levels\nwith the aim of protecting consumers and encouraging an internal EU\nmarket for these services.
\nCONTENT : the Green Paper is an opportunity to make\nproposals on how the European market for retail financial\nservices namely insurance, loans, payments, current and\nsavings accounts and other retail investments might be\nfurther opened up, bringing better results for consumers and\nfirms, whilst maintaining an adequate level of consumer and\ninvestor protection. It seeks to identify the specific barriers\nthat consumers and firms face in making full use of the single\nmarket and ways in which those barriers could be overcome,\nincluding by making best use of new technology, subject to\nappropriate safeguards.
\nThe goal is to make it easier:
\nThe Green Paper therefore explores:
\nObstacles to cross-border activity in the market for\nretail financial services: the\nCommission states that the obstacles originate from two main groups\nof root causes affecting both suppliers and consumers, which act\ntogether to keep the European market fragmented:
\nThe Commission is particularly interested in whether\nthe use of innovative digital technology can assist in\nsolving any of these obstacles.
\nHelping consumers to buy financial products\ncross-border: whether purchasing life\ninsurance, using a mortgage to buy a home, moving abroad or saving\nmoney for the future, consumers should be able to (i) know what is\navailable elsewhere in the EU, (ii) get competitively-priced\nproducts suited to their needs, and iii) be confident that their\nproducts are safe and suitable and will act in the way they\nintend.
\nCustomers should be better informed of the different\nfinancial services and insurance products available in the EU. It\nis also necessary to determine whether new measures are needed\nto:
\nCreating new market opportunities for\nsuppliers: the Green Paper also\nfocuses on how the Commission could help to reduce the costs and\nrisks inherent in providing financial services cross-border, making\nthis possible for firms and increasing competition and consumer\nchoice across the EU. It is necessary to determine if new measures\nare needed to:
\nNext steps: interested\nparties are invited to send their answers to the questions in the\nGreen Paper by 18 March 2016 through the online\nquestionnaire.
\nThe Commission will organise a conference in early\n2016 to examine the evidence yielded by the consultation and\ndiscuss priority areas mentioned in the Green paper. It envisages\npublishing an action plan on retail financial services to follow up\nthe consultation around summer 2016.
\nThe Committee on Economic and Monetary Affairs adopted\nan own-initiative report by Olle LUDVIGSSON (S&D, SE) in\nresponse to the Green paper on retails financial\nservices.
\nMembers welcomed the Commission Green Paper on retail\nfinancial services and stated that its publication is timely, given\nthe need to work proactively at all stages of the policymaking\nprocess in order to respond efficiently and adequately to\ndevelopments in such an innovative and fast-changing market. They\nstated that digitalisation will continue to create new\nopportunities for consumers, investors, SMEs and other companies in\nterms of competition, cross-border activities and innovation. They\nalso emphasised, in particular in order to boost consumer trust and\nsatisfaction, that the Green Paper initiative can succeed only if\nit has a strong focus on creating an EU market in which\nwell-protected consumers have equal opportunities and access to\ntransparent, straightforward and good-value-for-money\nproducts.
\nThe report underlined that greater consumer trust\nin financial services is necessary, since it remains low,\nespecially with regard to financial products with high currency\nexchange risks. The Commission is called on to ensure that existing\nmeasures aimed at improved financial literacy and awareness\nare fully implemented and that further measures are introduced\nwhere necessary in order to empower consumers to make informed\ndecisions.
\nFurthermore, in order for the single market in retail\nfinancial services to be efficient and dynamic, there should be no\nunnecessary or unfair differences between euro and non-euro Member\nStates. The EU-level capacity for data collection and analysis in\nthis field will probably need to be strengthened.
\nShort-term priorities:\nthe report emphasised that the enforcement of EU and national\nfinancial and consumer legislation needs to be strengthened and\nthat a single market in retail financial services needs high levels\nof consumer protection legislation and consistent and rigorous\nenforcement thereof across the Member States.
\nThe Commission is called upon, inter alia,\nto:
\nLong-term considerations: the Commission is invited to:
\nLastly, Member States should ensure that digital\ncommunications and sales related to retail financial services are\navailable in forms accessible to persons with\ndisabilities.
\nPURPOSE: to launch a debate at EU and national level\non how to ensure a further opening of the European market in retail\nfinancial services.
\nCONTENT: retail finance provides a number of services\nthat are essential for citizens: current accounts, pensions and\nsavings, mortgages and financing other purchases, personal\ninsurance against health problems or accidents and property\ninsurance.
\nBut Europe-wide markets in retail financial services\ndo not really exist at present. Only\na small minority of retail financial service purchases take place\nacross borders. There are many good products that exist in domestic\nmarkets, but it is difficult for consumers in one EU Member State\nto buy products provided in another. Furthermore, prices vary\nwidely across the EU: for example, motor insurance for ordinary\ncitizens.
\nThe Commission considers that digitalisation\ncould help bring down prices and improve the comparability of\nproducts, empowering consumers in their financial choices. In the\nlong run, digitalisation should allow firms to make their products\navailable anywhere in the Union, bringing a single European market\ncloser to reality.
\nBuilding confidence, will, however, be\ncrucial to the expansion of the\nsingle market in this area: confidence among companies that they\ncan do business across borders and trust among consumers that if\nthey use a service across borders their interests will be\nprotected.
\nThe Commission's goal is to maximise the practical\nbenefits of a single market in retail financial services for as\nmany European consumers as possible by opening up the\nmarket, so that they have a bigger and better choice of\nfinancial products.
\nThe Green Paper complements other key pieces of\nCommission work:
\nRetail financial services are also subject to a wide\nvariety of requirements and regulations at EU and national levels\nwith the aim of protecting consumers and encouraging an internal EU\nmarket for these services.
\nCONTENT : the Green Paper is an opportunity to make\nproposals on how the European market for retail financial\nservices namely insurance, loans, payments, current and\nsavings accounts and other retail investments might be\nfurther opened up, bringing better results for consumers and\nfirms, whilst maintaining an adequate level of consumer and\ninvestor protection. It seeks to identify the specific barriers\nthat consumers and firms face in making full use of the single\nmarket and ways in which those barriers could be overcome,\nincluding by making best use of new technology, subject to\nappropriate safeguards.
\nThe goal is to make it easier:
\nThe Green Paper therefore explores:
\nObstacles to cross-border activity in the market for\nretail financial services: the\nCommission states that the obstacles originate from two main groups\nof root causes affecting both suppliers and consumers, which act\ntogether to keep the European market fragmented:
\nThe Commission is particularly interested in whether\nthe use of innovative digital technology can assist in\nsolving any of these obstacles.
\nHelping consumers to buy financial products\ncross-border: whether purchasing life\ninsurance, using a mortgage to buy a home, moving abroad or saving\nmoney for the future, consumers should be able to (i) know what is\navailable elsewhere in the EU, (ii) get competitively-priced\nproducts suited to their needs, and iii) be confident that their\nproducts are safe and suitable and will act in the way they\nintend.
\nCustomers should be better informed of the different\nfinancial services and insurance products available in the EU. It\nis also necessary to determine whether new measures are needed\nto:
\nCreating new market opportunities for\nsuppliers: the Green Paper also\nfocuses on how the Commission could help to reduce the costs and\nrisks inherent in providing financial services cross-border, making\nthis possible for firms and increasing competition and consumer\nchoice across the EU. It is necessary to determine if new measures\nare needed to:
\nNext steps: interested\nparties are invited to send their answers to the questions in the\nGreen Paper by 18 March 2016 through the online\nquestionnaire.
\nThe Commission will organise a conference in early\n2016 to examine the evidence yielded by the consultation and\ndiscuss priority areas mentioned in the Green paper. It envisages\npublishing an action plan on retail financial services to follow up\nthe consultation around summer 2016.
\nThe Committee on Economic and Monetary Affairs adopted\nan own-initiative report by Olle LUDVIGSSON (S&D, SE) in\nresponse to the Green paper on retails financial\nservices.
\nMembers welcomed the Commission Green Paper on retail\nfinancial services and stated that its publication is timely, given\nthe need to work proactively at all stages of the policymaking\nprocess in order to respond efficiently and adequately to\ndevelopments in such an innovative and fast-changing market. They\nstated that digitalisation will continue to create new\nopportunities for consumers, investors, SMEs and other companies in\nterms of competition, cross-border activities and innovation. They\nalso emphasised, in particular in order to boost consumer trust and\nsatisfaction, that the Green Paper initiative can succeed only if\nit has a strong focus on creating an EU market in which\nwell-protected consumers have equal opportunities and access to\ntransparent, straightforward and good-value-for-money\nproducts.
\nThe report underlined that greater consumer trust\nin financial services is necessary, since it remains low,\nespecially with regard to financial products with high currency\nexchange risks. The Commission is called on to ensure that existing\nmeasures aimed at improved financial literacy and awareness\nare fully implemented and that further measures are introduced\nwhere necessary in order to empower consumers to make informed\ndecisions.
\nFurthermore, in order for the single market in retail\nfinancial services to be efficient and dynamic, there should be no\nunnecessary or unfair differences between euro and non-euro Member\nStates. The EU-level capacity for data collection and analysis in\nthis field will probably need to be strengthened.
\nShort-term priorities:\nthe report emphasised that the enforcement of EU and national\nfinancial and consumer legislation needs to be strengthened and\nthat a single market in retail financial services needs high levels\nof consumer protection legislation and consistent and rigorous\nenforcement thereof across the Member States.
\nThe Commission is called upon, inter alia,\nto:
\nLong-term considerations: the Commission is invited to:
\nLastly, Member States should ensure that digital\ncommunications and sales related to retail financial services are\navailable in forms accessible to persons with\ndisabilities.
\n