3 Amendments of Andreas SCHWAB related to 2017/2066(INI)
Amendment 11 #
Draft opinion
Paragraph 2
Paragraph 2
2. Welcomes the fact that the Action Plan aims to tackle a number of important issues and that in some of the areas it sets out specific actions to be taken by the Commission, with a clear timetable; regrets, however, that in some of the identified areas, the proposals on how to solve the identified problems remain rather vague; points out that the EU legislative authority has already taken important steps to establish a more competitive and more secure EU market for retail financial services; stresses that some items of EU legislation have still to be properly transposed and applied across the EU; accordingly welcomes the fact that the Action Plan focuses first of all on non-legislative action intended to ensure that existing legislation gives EU consumers maximum benefits;
Amendment 27 #
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the review and cutback of national trade barriers but cautions that this should not result in lower consumer protection standards; stresses that a high standard of consumer protection and consumer confidence are essential for a genuine internal market in retail financial services, in particular as regards loans by new digital actors whose lending practices these days are possibly not always adequately covered by existing EU legislation; therefore welcomes the Commission's aim of checking that existing EU legislation is appropriate;
Amendment 48 #
Draft opinion
Paragraph 6a (new)
Paragraph 6a (new)
6a. Points out that Parliament has already called on the Commission to take account of cybersecurity issues during the planning phase for all finance technology initiatives; regrets the fact that the Commission does not address that in its Action Plan, especially since suitable safeguards against cyber-risks are conducive to consumer confidence; calls therefore on the Commission to do so as part of the work of its task force;