10 Amendments of Jonás FERNÁNDEZ related to 2016/0182(COD)
Amendment 13 #
Proposal for a regulation
Recital 1
Recital 1
(1) The Union contributes to ensuring a high level of consumer protection and to placing consumers at the heart of the single market by supporting and complementing Member States' policies in seeking to ensure that citizens can fully reap the benefits of the internal market and that, in so doing, their legal and economic interests are properly addressed and defended. A well-functioning and trustworthy financial services sector is a key component of the single market, including the cross-border purchasing capability of the said services. It requires a solid framework for regulation and supervision, which simultaneously ensures financial stability and focuses on supporting a sustainable economy. At the same time, it should provide a high level of protection to consumers and other financial services end-users, including retail investors, savers, insurance holders, pension fund participants, individual shareholders, borrowers or SMEs.
Amendment 17 #
Proposal for a regulation
Recital 2
Recital 2
(2) Since 2007, the confidence of consumers in particular and of other financial services' end-users has been shaken by the financial and economic crisis. To restore citizens' confidence in the soundness, efficiency and best practices of the financial sector, it is therefore important to increase the involvement of consumers and other end- users, as well as of stakeholders representing their interests, in the Union decision-making process in the financial sector.
Amendment 17 #
Proposal for a regulation
Recital 1
Recital 1
(1) The Union contributes to ensuring a high level of consumer protection and to placing consumers at the heart of the single market by supporting and complementing Member States' policies in seeking to ensure that citizens can fully reap the benefits of the internal market and that, in so doing, their legal and economic interests are properly addressed and defended. A well-functioning and trustworthy financial services sector is a key component of the single market, including the cross-border purchasing capability of the said services. It requires a solid framework for regulation and supervision, which simultaneously ensures financial stability and focuses on supporting a sustainable economy. At the same time, it should provide a high level of protection to consumers and other financial services end-users, including retail investors, savers, insurance holders, pension fund participants, individual shareholders, borrowers or SMEs.
Amendment 20 #
Proposal for a regulation
Recital 3
Recital 3
(3) To achieve this objective, the Commission initiated at the end of 2011 a pilot project aimed at providing grants to support the development of a financial expertise centre to the benefit of consumers, other end-users and stakeholders representing their interests and to enhance their capacity to participate in Union policy making in the field of financial services and prevention and persecution of bank abuses. The main policy objectives were to ensure that Union policy-makers, when initiating new legislation, would be provided with views other than those expressed by the financial sector professionals, that the wider public is better informed about issues at stake in financial regulation and that the participation of consumers, is enhanced in Union policy-making in the area of financial services, resulting in well- balanced legislation.
Amendment 20 #
Proposal for a regulation
Recital 2
Recital 2
(2) Since 2007, the confidence of consumers in particular and of other financial services' end-users has been shaken by the financial and economic crisis. To restore citizens' confidence in the soundness, efficiency and best practices of the financial sector, it is therefore important to increase the involvement of consumers and other end- users, as well as of stakeholders representing their interests, in the Union decision-making process in the financial sector.
Amendment 21 #
Proposal for a regulation
Recital 3
Recital 3
(3) To achieve this objective, the Commission initiated at the end of 2011 a pilot project aimed at providing grants to support the development of a financial expertise centre to the benefit of consumers, other end-users and stakeholders representing their interests and to enhance their capacity to participate in Union policy making in the field of financial services and prevent bank abuses. The main policy objectives were to ensure that Union policy-makers, when initiating new legislation, would be provided with views other than those expressed by the financial sector professionals, that the wider public is better informed about issues at stake in financial regulation and that the participation of consumers, is enhanced in Union policy- making in the area of financial services, resulting in well- balanced legislation.
Amendment 38 #
Proposal for a regulation
Article 1 – paragraph 2 – point b
Article 1 – paragraph 2 – point b
(b) awareness and dissemination activities, including to a wide audience of non-experts, including in the field of bank abuses;
Amendment 40 #
Proposal for a regulation
Article 1 – paragraph 2 – point b
Article 1 – paragraph 2 – point b
(b) awareness and dissemination activities, including to a wide audience of non-experts, in particular, but not only, in the field of bank abuses;
Amendment 45 #
Proposal for a regulation
Article 2 – paragraph 1 – point b
Article 2 – paragraph 1 – point b
(b) to contribute to the information of consumers and other financial services end-users, as well as stakeholders representing their interests, about issues at stake in the regulation of the financial sector., and on harmful corporate practices for consumers, including those of cross-border nature;
Amendment 46 #
Proposal for a regulation
Article 2 – paragraph 1 – point b
Article 2 – paragraph 1 – point b
(b) to contribute to the information of consumers and other financial services end-users, as well as stakeholders representing their interests, about issues at stake in the regulation of the financial sector, and on harmful corporate practices for consumers, including those of cross-border nature.