Activities of Antonio LÓPEZ-ISTÚRIZ WHITE related to 2016/2243(INI)
Legal basis opinions (0)
Amendments (5)
Amendment 5 #
Draft opinion
Paragraph 2
Paragraph 2
2. Believes that innovation in the financial sector can create jobs and growth within the EU, and contribute towards a wider choice of services for consumers; calls on the Commission to identify the policy changes necessarynotes that FinTech companies have been pushing for increased oversight of their activities for years in order to reduce regulatory uncertainty, which hinders their development; and in this regard urges the Commission to come up with a clear and comprehensive FinTech agenda of legislative and non-legislative measures to be taken before the end of its term in order to enable the EU to reap the benefits of FinTech to the fullest;
Amendment 10 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Underlines that Fintech companies have the potential to directly benefit SMEs by extending the availability of credit and accelerating the loan process; urges the Commission to shape its legislative measures in a manner leaving sufficient flexibility for firms to operate and arrange finance for SMEs as well as stimulating partnerships between banks and Fintech companies in the area of SME lending;
Amendment 22 #
Draft opinion
Paragraph 4
Paragraph 4
4. Highlights that FinTech-related services can play a major role in the development of a future-proof European Digital Single Market, for example by making existing channels more cost- efficient and by, offering innovative payment solutions and increasing consumer trust in digital technologies; believes that the Commission should take a technology- neutral approach in its policy initiatives;
Amendment 30 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Acknowledges that Fintech companies vary significantly in their business operations and thus urges the Commission to refrain from one-size-fits- all measures and tailor its regulatory proposal to accommodate the different business models;
Amendment 35 #
Draft opinion
Paragraph 6
Paragraph 6
6. Underlines that the EBA’s guidelines on ‘strong payment authentication’ should take FinTech and e- commerce practices into account; asks the EBA to revise its suggestions in order to avert a negative effect on online services and ensure a level playing field encouraging financial innovation and improving competition between all market players; asks that risk-based security policies be taken into account.