9 Amendments of Danuta Maria HÜBNER related to 2015/2106(INI)
Amendment 129 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Believes that consumer protection does not necessarily entail large volumes of information; is concerned that the multiplicity of customer information might not ultimately serve real customer needs; points to the necessity of a European initiative for more and better financial education; welcomes the attention recently paid to the necessity to streamline information requirements, as shown inter alia by the Commission’s decision to review the Prospectus Directive and by the ongoing reflections on a Key Information Document for PRIIPS, and calls for reflection and work in this direction to be pursued;
Amendment 136 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Highlights the benefits of asset diversification inasmuch as it allows to spread risks and makes it possible to better match investors’ needs; emphasises that the purpose of prudential regulation is not to favour certain asset classes; calls for a risk- based approach to regulation, withhereby the same rules beingare applied to the same risks; believes that a more granular categorisation of asset classes is appropriate, in particular by establishing categories such as infrastructure;
Amendment 172 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Is concerned about the lack of available and attractive risk-appropriate (long-term) investments and savings products for consumers; reiterates the need for diversity in investor and consumer choices; underlines accordingly that innovative initiatives that have the potential to create more diversity on the market should be identified and promoted, including when relevant through an appropriate legal framework;
Amendment 180 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Welcomes the diversity of business models; calls for a differentiation in regulation and supervision regardingbased on the nature, size, riskiness and complexity of entities under consideration;
Amendment 214 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Reiterates the need for a level playing field within the EU, also with regard to SSM as far as financial regulation and supervision are concerned, including between SSM-supervised banks and the banks of non- participating Member States;
Amendment 276 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Stresses that efforts for a cultural change in the financial sector have to be pursued further in order to accompany a gradual shift towards more diversity of funding sources; acknowledges however the benefits of relationship banking for consumers and SMEs in particular in terms of reducing asymmetries of information;
Amendment 294 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Underlines the importance of the international framework with respect to its scope, methodologies and implications on the EU framework; stresses that consistency of new regulation, both with the existing European acquis and with the guidance provided by international institutions and fora, should be a priority; calls on the Commission and ESAs to coordinate more closely with international bodies promoting EU interests;
Amendment 319 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Believes that better financial regulation starts with Member States applying the current acquis; stresses that effective, efficient and consistent implementation of the legislation passed is crucial in order for the intended results to be achieved; stresses accordingly that all institutions involved should pay due attention to this process and its monitoring; considers that gold-plating does not facilitate the functioning of the internal market;
Amendment 431 #
Motion for a resolution
Paragraph 43 a (new)
Paragraph 43 a (new)
43a. Calls on Member States to commit to respect the deadlines set for the transposition of directives since, in addition to being a legal requirement, this is key in order to avoid undue delays in the full implementation of legislation, as well as its partial or uneven application across the Union, which might result in the absence of a level playing field for the different actors involved and in other types of distortions;