Activities of Lambert van NISTELROOIJ related to 2016/2056(INI)
Shadow opinions (1)
OPINION on the Green Paper on Retail Financial Services
Amendments (9)
Amendment 6 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Agrees with the Commission that the lack of cross-border financial services is a major concern and may harm the interests of consumers and businesses, as well as undermine the functioning of the single market; supports all efforts to find new ways to re-launch the single market for retail financial services in practice;
Amendment 10 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Stresses, as outlined in the Green paper, that barriers preventing financial products from being sold across borders and the lack of cross-border sales are not primarily found in European law but either in barriers caused by national legislations or by the voluntary choice of financial institutions to segment the single market into national markets; asks the Commission to undertaken further analysis to understand this market segmentation and price discrimination and to recommend in a white paper, while respecting the freedom to contract, measures that could be introduced to encourage financial institutions to compete beyond national borders and to challenge current national pricing structures;
Amendment 22 #
Draft opinion
Paragraph 2
Paragraph 2
2. CWelcomes the benefits brought to consumers by the digital transformation of financial services and the raise of non- traditional fintech companies which have started to change the way retailers and consumers interact; calls on the Commission to ensure that digitalisation brings better market access for all businesses on an equal footing, especially for SMEs and fintechs, and greater consumer choice, bringing down price differences of financial services within the EU;
Amendment 42 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Calls on the Member States to fully transpose and implement the MCD, PAD, IDD MiFID II directives as soon as possible, especially in relations to their consumer information requirements and protection measures;
Amendment 49 #
Draft opinion
Paragraph 5
Paragraph 5
5. Considers that unjustified discrimination based on residence and price differences for common retail financial products between Member States requires urgent action; suggests that comparison tools play a role in bringing down price differences; believes that retail financial institutions should be within the scope of the Commission's proposal on Geo-blocking (2016/289/EU).
Amendment 62 #
Draft opinion
Paragraph 8
Paragraph 8
8. Emphasises the importance of availability of alternative dispute resolution (ADR) and online dispute resolution (ODR), especially cross-border, as efficient redress is key to the single market and consumer trust; recommends that the Fin- NET programme be incorporated into the ADR and ODR structures in order to increase its efficiency and the work towards consolidating such services into 'one-stop-shops' for consumers;
Amendment 63 #
Draft opinion
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Asks the Member States to ensure that digital communications and sales related to retail financial services are available in forms accessible to persons with disabilities, including via websites and downloadable file formats; supports the full inclusion of all retail financial services within the scope of the Directive on the accessibility requirements for products and services (the "European Accessibility Act");
Amendment 64 #
Draft opinion
Paragraph 8 b (new)
Paragraph 8 b (new)
8b. Asks the Commission to work with retailers, consumer organisations and other relevant stakeholders towards the creation of an independent pan-European comparison website for the most sold financial services products;
Amendment 71 #
Draft opinion
Paragraph 9 c (new)
Paragraph 9 c (new)
9c. Underlines the need to remove all barriers to the provision of financial services across borders includes national requirements to establish a structure or register in the Member State of the consumer; reminds the Member States of the current legislative requirements and case law in this domain and believes that if barriers are not removed that the Commission should take additional measures;