6 Amendments of Jakob von WEIZSÄCKER related to 2016/2056(INI)
Amendment 3 #
Motion for a resolution
Citation 17 a (new)
Citation 17 a (new)
- having regard to the Resolution of the European Parliament on virtual currencies (T8-0228/2016),
Amendment 26 #
Motion for a resolution
Recital C
Recital C
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;
Amendment 100 #
Motion for a resolution
Paragraph 6
Paragraph 6
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;
Amendment 113 #
Motion for a resolution
Paragraph 7
Paragraph 7
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;
Amendment 189 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (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;
Amendment 230 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (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;