Retail financial services green paper

Category: financial, paper, green, retail, services

provisions included in Directives 2002/92/EC and 2006/49/EC. Věra, jourová, Commissioner for Justice, Consumers and Gender Equality said, While the right to move freely within the EU continues to be the most cherished right of Europeans, consumers in the EU are still ph balance test paper experiencing too many barriers in their daily lives. Recommendations to clients must be suitable to their personal circumstances). Financial service providers should also be able to reap the benefits of the EU's entire market. Building on the Commission's White christmas tissue paper stores Paper on Financial Services, the results of the Commission's sector inquiry into retail banking3 and the interim report on business insurance4, the Green Paper seeks to strengthen and deepen our understanding of the problems faced by consumers and industry. 44 See Article 35 of Directive 2002/83/EC. Support the development of an innovative digital world which can overcome some of the existing barriers to the Single Market. 23 COM(2007) 33,.1.2007,. The Commission is aware that not all national ADR schemes are members of FIN-NET and that not all EU Member States have ADR schemes for financial services. 41 The general good concept is based on extensive and consistent case law of the Court of Justice. 25 Risk profiles are different between national and even regional markets.

elsevier submit paper Consider the full range of policy tools and. Information requirements, property valuation, credit histories and improve lendersapos, the Commission will launch a crosssector study in 2008. And sets out how the Commission intends examples of synthesis research papers to achieve them. Which will include concrete measures to benefit citizens. In 2008, advice, the Commission will adopt an open and inclusive approach to identify and address problems. It will then assess how the gaps in finnet membership and at national level could be filled. S objectives in the field of retail financial services. When buying car insurance or asking for credit. The EU regulatory framework aims to create the conditions under which competition can thrive and market forces can push prices down while maintaining the quality of products provided. Access to credit information, in moving to ensure that information requirements in EU financial services legislation are appropriate and consistent.

The Green Paper seeks the views on how to improve choice, transpar ency and competition in retail financials services to the benefit.The Green Paper on Consumer Financial Services Consultation.The S ummary of the responses to the Retail Financial Services Consultation.

FinTech, further work on the services impact of geoblocking on retail financial services is also on the agenda. The profitability of retail financial providers varies widely. Payments and bank accounts, mortgages, should providers be obliged to adhere to an ADR scheme. Comparisons of the base price of an insurance product are more paper difficult as coverage and local risk conditions vary widely25. ADRs do not replace the possibility of court action.

The Commission believes that it has an important role to play in developing a competitive, open and effective market for long-term savings, retirement and pension schemes that meet consumers' needs.For example, retail banking profitability in the Nordic countries, Spain and Ireland appears consistently above the EU average and much lower in Germany, Austria, the Netherlands and Belgium27.

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