Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-09-06-Speech-4-036"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20070906.2.4-036"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Madam President, the review of the consumer acquis should improve the functioning of the internal market by strengthening consumer protection and competitiveness among businesses.
Increasing the safety and reliability of the market can reduce costs, boost the volume of transactions and attract investment; in short, it can help to achieve the objectives of the revised Lisbon Strategy.
The opinion of Parliament’s Committee on Economic and Monetary Affairs has stressed the importance of applying special consumer protection rules in the financial services sector and the need for an integrated, comprehensive and systematic approach in this area throughout the European Union. It has also emphasised that the review must be carried out with the participation of stakeholders, in accordance with the principles of good governance.
This approach is to a large extent reflected in the report, insofar as it advocates a comprehensive vision, a mixed or combined approach comprising a horizontal instrument and other sectoral instruments, and scrupulous application of the principles of better regulation.
Consumer protection can eradicate undesirable practices and prevent the accumulation of imbalances that lead to major conflicts. Just yesterday we debated the situation caused by the mortgages given out in the United States to groups with limited resources, with high prices, in predatory circumstances and with irresponsible promotions.
Financial security and economic stability can be improved by ensuring free and informed consent on the part of consumers, with clear and adequate information and the opportunity to verify the reports on their financial situation and find out the relevant data, in order to receive impartial advice, and, where appropriate, reactive mechanisms including the use of collective redress, avoiding, of course, the excesses found in the US but clearly guaranteeing consumer protection.
An annual report of complaints and claims by the users of financial services could be a useful instrument alongside better education. Any progress in this area will be very positive."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples