7 Amendments of Markus FERBER related to 2016/2056(INI)
Amendment 78 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Emphasises that the proposals which emerge from the Green Paper must be consistent with the proportionality principle;
Amendment 96 #
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); 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;
Amendment 104 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (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;
Amendment 108 #
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 in so far as they will be affected;
Amendment 127 #
Motion for a resolution
Paragraph 8
Paragraph 8
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;
Amendment 146 #
Motion for a resolution
Paragraph 9
Paragraph 9
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 adviceact at all times in the interests of customers in accordance with MIFID II consumer protection provisions;
Amendment 173 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Emphasises thaProposes a review as to whether and to what extent 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 further;