Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-11-14-Speech-3-343"
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"However, an essential component of this Regulation is transparency. Banks must notify their customers of the price structure for the different types of transfers and they must also inform their customers when those prices change. That means that total transparency will apply in terms of what this is all going to cost, and the Commission assumes that, based on the normal rules of competition, the different costs for domestic payments will be kept under control and will therefore not increase.
Amendment No 6 stipulates that the Member States must assume their responsibilities with regard to the application of this Regulation. The Commission can identify with the first part of the amendment. The second part, however, comes across as somewhat mysterious, and the Commission is finding it difficult to pass judgment on it at this stage. With Amendment No 10, the person who tabled this amendment hopes that the principle of non-discrimination will not apply to payment cheques. As it happens, the Commission has never wanted to promote the use of cheques and therefore agrees with the amendment.
In addition, rapporteur Peijs would like the entry into force of the Regulation to be postponed until 1 March 2002. That does not pose any problems for the Commission. We can thus accept that amendment. The other seven amendments are acceptable in principle, although some will need to be edited.
This proposal will be discussed by the Internal Market Council in some ten days’ time, on 26 November. I am convinced that we will reach an agreement, not least because the European Council in Ghent has requested the Council to reach its findings promptly and has endorsed this proposal. I know that the rapporteur, Mrs Peijs, also has numerous contacts with the Council and I think she will share my feelings on this score. I should like to thank Mrs Peijs for the excellent document she has drafted and for all her efforts since 1989 to reduce the costs of cross-border payments. I hope that second reading will be nothing but a formality, in which case the text will be ready for publication in January.
Finally, I should like to ask Mrs Thyssen a second question. She has also asked me whether the Commission is prepared to stand by its decision, and not to succumb to the pressure of the banks, and whether she considers this as a big stick. No, Mr President, this is intended as a Regulation and the Commission is thus certainly planning to adhere to its original brief and to ensure that this Regulation enters into force in March next year and that cross-border payments will cost no more than national transfers.
Finally, allow me to thank Parliament as a whole for the sound cooperation. It shows how progress can be made if both institutions, Parliament and the Commission, are on the same wavelength. This proposal demonstrates the specific benefits of Europe to the citizen and enhances confidence in the European Union."@en1
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