5 Amendments of Gunnar HÖKMARK related to 2007/2287(INI)
Amendment 8 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers that the provision of financial services to private clients and small businesses will remain to a large extent a local business, in view of linguistic and cultural factors and the need for personal contact.; considers, with that in mind, that the development of Internet services changes the prospects for Europe’s financial markets and presents an opportunity to take the lead in the development of consumer services;
Amendment 12 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Emphasises that a single market in financial services for consumers and small businesses can be created only by measures that provide a secure environment both for the demand and the supply side.; considers it crucial that such measures should take a form which opens the way for new products, services and market actors;
Amendment 19 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Supports the Commission in its aim only to pursue initiatives that demonstrably offer citizens tangible benefits, are soundly justified and have been subject to proper impact studies; agrees that, in the case of the single market in financial services for consumers and small businesses, only an increase in cross-border activity can justify legislative measures. an increase in cross-border activity is crucial to the freedom of consumer choice, to the revival of local financial markets and to increased competitiveness generating lower costs and more dynamic development;
Amendment 32 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Recognises the option of a 28th legal framework, such as the Common Reference Framework, as a possible new approach to European regulation, to enable cross-border market choice to be provided to a uniformly high consumer protection standard; considers that this must not form an obstacle to new services and products, which are a necessary component in the development of the financial sector; calls on the Commission again to put forward a time-frame for developing a 28th legal framework.
Amendment 54 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Reminds the Commission that effective competition between financial service providers is secured by having a large number of market participants; notes in this connection that financial intermediation is of major importance in enabling the individual consumer to take advantage of the opportunities offered by the European market; draws attention to its resolution on consolidation in the financial services industry, in which it averred that the pluralistic structure of the European banking market, where financial institutions could take on diverse legal forms in accordance with their diverse business aims, was an asset to the European economy.