18 Amendments of Dita CHARANZOVÁ related to 2016/2243(INI)
Amendment 17 #
Draft opinion
Paragraph 3
Paragraph 3
3. Urges the Commission to actively identify and remove existing barriers in the Single Market that currently prevent the advancement of digital services, including in the area of FinTech; calls on the Commission to present a FinTech Action Plan based on competitiveness, stability and consumer protection;
Amendment 25 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Believes that the completion of the Capital Market Union will help support the development of FinTechs and a true Single Market for financial products and services;
Amendment 27 #
Draft opinion
Paragraph 5
Paragraph 5
5. Regrets the lack of a commoStresses the scope for further improvements in the means that can be used for cross border payments; supports the development of such payment means within Europe an online banking payments systd regrets high degree of fragmentation of the online banking market in the EU and the lack of EU- wide, European owned, credit or debit card scheme; believes that this is essential for the well-functioning of the Capital Markets Union, and a crucial part of the Digital Single Market, fostering European e- commerce and cross-border competition in financial services; calls on the Commission to identify the steps ahead towards creating an environment supportive to the growth of such a system;
Amendment 33 #
Draft opinion
Paragraph 6
Paragraph 6
6. Underlines that the EBA’s guidelinesdraft Regulatory Technical Standards (RTS) on ‘strong paymentcustomer authentication’ should take FinTech and e- commerce practices into account; asks the EBA to revise its suggestions in order to avert a negative effect on online services; asks that risk- based security policies be taken into account.; supports the Commission in seeking further harmonised standards for financial services but at the same time stresses that innovation and new market entries must be taken into account in any future standard setting;
Amendment 36 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Building on the work of the eIDAS Regulation, calls on the Commission to further assess the framework for European e-ID schemes in order to ensure that they facilitate the supply of cross-border online financial services; asks furthermore the Commission to urgently assess the current regulatory barriers that hamper a wider use of e- identification techniques;
Amendment 41 #
Draft opinion
Paragraph 6 b (new)
Paragraph 6 b (new)
6b. Reminds that that FinTech also includes regulatory technology (tech) and insurance tech; underlines that technology should be used to allow better and more efficient oversight by public authorities and that active access and exchange of data should be encouraged; at the same time stresses that, in case if a concern about an error or discrimination arises, decisions made through automated FinTech services should be subject to a complaint and review process as well as an appropriate rectification;
Amendment 45 #
Draft opinion
Paragraph 6 c (new)
Paragraph 6 c (new)
6c. Stresses that FinTechs should be used as a means to increase financial stability in Europe; asks the Commission to analysis how FinTechs can help in this process;
Amendment 48 #
Draft opinion
Paragraph 6 d (new)
Paragraph 6 d (new)
Amendment 50 #
Draft opinion
Paragraph 6 e (new)
Paragraph 6 e (new)
6e. While welcoming the growth of crowd funding and peer-to-peer lending, believes that such schemes should be subject to at least minimum regulation in order to preclude its abuse and unfair commercial practices;
Amendment 51 #
Draft opinion
Paragraph 6 f (new)
Paragraph 6 f (new)
6f. Underlines that cyber-security issues must be addressed in the planning stage of all FinTech initiatives and strong protective actions adopted to guarantee this infrastructure against cyber-attacks; asks the Commission and Member States to ensure that such measures are in place;
Amendment 52 #
Draft opinion
Paragraph 6 g (new)
Paragraph 6 g (new)
6g. Recalls the Parliament’s report on virtual currencies and the potential benefit of distributed ledger technology (DLT) beyond VCs; asks the Commission to look into a possible DLT usages in FinTechs and other DSM schemes;
Amendment 53 #
Draft opinion
Paragraph 6 h (new)
Paragraph 6 h (new)
6h. Notes the increase of robot financial advisors and welcomes this as it could decrease the barriers to market investments by consumers;
Amendment 54 #
Draft opinion
Paragraph 6 i (new)
Paragraph 6 i (new)
6i. Takes note of the support some national financial regulators of regulatory “sandboxing” of new FinTech pilot projects; is of the view that a similar approach at the European level could be encouraged whilst, at the same time, ensuring that consumers, if they are part of such pilot project, are made aware of related risks;
Amendment 55 #
Draft opinion
Paragraph 6 j (new)
Paragraph 6 j (new)
6j. Stresses that consumers are the driving force behind the rise of FinTechs; underlines the goal of any future legislative changes should be to support consumers in this transformation;
Amendment 56 #
Draft opinion
Paragraph 6 k (new)
Paragraph 6 k (new)
6k. Underlines that ‘Know-Your- Customer’ rules should take into account remote verification so as to allow for better access for consumers to cross border FinTech services;
Amendment 57 #
Draft opinion
Paragraph 6 l (new)
Paragraph 6 l (new)
6l. Supports the use of big data in, among others, risk management by FinTech; notes the increase use of “digital/data onboarding” for use by FinTech companies; underlines, however, that data protection measures must be taken and consumer should be given a choice in how data is used and collected in line with the GDPR;
Amendment 58 #
Draft opinion
Paragraph 6 m (new)
Paragraph 6 m (new)
6m. Believes that data portability must be part of FinTech services in order to ensure that consumers are not locked into one service provider or product; additionally asks the Commission to analyse the benefits of greater application programming interface (API) access for FinTech companies allowing supplementary services for consumers;
Amendment 59 #
Draft opinion
Paragraph 6 n (new)
Paragraph 6 n (new)
6n. Notes that financial passporting could allow FinTech services to be offered across Europe while being subject to the regulator control of a single Member State;