retail financial services

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Retail Financial Services – EU follow-up

Retail Financial Services. On the 10 October 2016, the European Parliament adopted a report and recommendations for action following the Green Paper on Retail Financial services published by the Commission on 10 December 2015. http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+REPORT+A8-2016-0294+0+DOC+XML+V0//EN&language=fr Three observations in that report can be highlighted: - there should be a simple “safe financial products” framework introduced across [...]

By | February 24th, 2017|Hot Topics|Comments Off on Retail Financial Services – EU follow-up

Finance Watch response to the European Commission’s consultation on the “Green paper on retail financial services: Better products, more choice, and greater opportunities for consumers and businesses”

2016 - Finance Watch response to the European Commission’s consultation on the “Green paper on retail financial services: Better products, more choice, and greater opportunities for consumers and businesses” Key points include: We support the green paper's objectives of harmonising consumer protection and lowering prices for consumers. However, the scope of the initiative should be [...]

By | October 6th, 2016|Reading Room|Comments Off on Finance Watch response to the European Commission’s consultation on the “Green paper on retail financial services: Better products, more choice, and greater opportunities for consumers and businesses”

EU REGULATORY FRAMEWORK FOR FINANCIAL SERVICES

BEUC Response to the Commission’s Call for Evidence RESPONSE TO EUROPEAN BANKING AUTHORITY DISCUSSION PAPER on future draft Regulatory Technical Standards on strong customer authentication and secure communication under the revised Payment Services Directive

By | September 18th, 2016|Reading Room|Comments Off on EU REGULATORY FRAMEWORK FOR FINANCIAL SERVICES

Regulatory concerns surrounding AI

Politico - Artificial intelligence is gaining traction in the financial industry, in areas ranging from “robo-advisors” for investors to algorithmic trading and even corporate decision-making. Now come the regulators. A new study by the Institute of International Finance warns: “The adoption of artificial intelligence technology by the finance industry will lead to growing regulatory, security, privacy, [...]

By | September 18th, 2016|Reading Room|Comments Off on Regulatory concerns surrounding AI

Digitisation and Innovation: The Savings and Retail Banks’ View of the Digital Market Agenda

The Digital Single Market Strategy can bring Europe up to the forefront of the digital world. But what will it mean for people when it comes to how they interact with their local bank? It will reinvent the banking relationship – a most precious asset – putting the stakes high for Europe’s savings and retail [...]

By | September 18th, 2016|Reading Room|Comments Off on Digitisation and Innovation: The Savings and Retail Banks’ View of the Digital Market Agenda

GREEN PAPER ON Retail Financial Services. BEUC response to the Commission consultation

BEUC response to the Commission consultation - 2016 BEUC welcomes the Commission’s Green Paper, aimed at improving consumer outcomes in the retail finance area. We acknowledge that retail finance markets are still largely national affairs and that price differences in Member States exist, suggesting potential benefits for more cross-border sales and competition. It is in [...]

By | March 6th, 2016|Reading Room|Comments Off on GREEN PAPER ON Retail Financial Services. BEUC response to the Commission consultation

Retail Financial services : meeting and consultation

On 2 March 2016, Brussels, the European Commission held a public hearing on the green paper on retail financial services. In the opening session, Mr. O. Ludvigsson MEP, EP Rapporteur on the green paper, focused on the need for harmonisation across EU and on digitalisation as an opportunity to overcome cross-border barriers. Mr. O. Salles, Head of Unit on Retail [...]

By | March 2nd, 2016|Events|Comments Off on Retail Financial services : meeting and consultation

Draft Guidelines on arrears and foreclosure under the Mortgage Credit Directive

2014 - BEUC comments on Draft Guidelines on arrears and foreclosure under the Mortgage Credit Directive BEUC welcomes the opportunity to comment on the Consultation Paper 2014/43 on Draft Guidelines on arrears and foreclosure. The draft guidelines provide detail on how financial institutions should give effect to the relevant Mortgage Credit Directive (MCD) provisions on [...]

By | October 6th, 2014|Reading Room|Comments Off on Draft Guidelines on arrears and foreclosure under the Mortgage Credit Directive

Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing

2013 - BEUC position on the Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing BEUC supports the Commission’s legislative proposal to protect the financial system from being misused for money laundering and [...]

By | October 6th, 2013|Reading Room|Comments Off on Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing