Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-06-04-Speech-3-225"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-06-04"^^xsd:date2
dcterms:Is Part Of	lp_eu:Competition: Sector inquiry on retail banking - Retail Financial Services in the Single Market (debate)2
dcterms:Language	"sk"^^xsd:language2
lpv:document identification number	"en.20080604.24.3-225"2
lpv:hasSubsequent	lp_eu:2008-06-04-Speech-3-9972
lpv:speaker	lp:Zita Pleštinská2
lpv:spokenAs	substitute; Delegation for relations with Australia and New Zealand (2007-03-14--2009-07-13)3 substitute; REGI (2007-01-31--2009-07-13)3 member; IMCO (2007-01-31--2009-07-13)3 member; EPP-ED (2004-07-20--2009-07-13)3 member; FEMM (2007-01-31--2009-07-13)3 member; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2004-09-15--2009-07-13)3 substitute; Temporary Committee on Climate Change (2007-05-10--2009-02-04)3 unknown; Slovenská demokratická a kresťanská únia (2004-07-20--2009-07-13)3
lpv:translated text	"A well-functioning integrated financial market is a necessary precondition for the realisation of the Lisbon agenda. Banks play an essential role in passing on monetary policy conditions, particularly to small and medium-sized enterprises and consumers. Although many clients would be interested in using cross-border financial services, opening an account in a Member State bank is accompanied by so much bureaucracy that clients often get discouraged. The European banking industry should improve and simplify its account closing procedures. Statements of account are still very complicated and many consumers do not understand them. The complexity of financial products makes it difficult for consumers to make informed decisions. Consumers are also burdened with disproportionately high banking fees for services and for the issue of credit cards. I think that rather than regulating banking fees, the EU should ensure that the banking sector is competitive. Informed consumers are an essential component of economic competition among banks. I believe that consumer organisations play an important role because they are able to define which information they deem to be necessary to enable consumers to make appropriate choices when it comes to banking products. They can coordinate financial education programmes aimed at increasing the awareness of consumers as regards their money management options. They also help very vulnerable consumers. I believe that the time will come in the EU when consumer organisations will not be fighting for their survival. Once they become responsible for consumer policy, they will understand how important finances are."@en1

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