Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-24-Speech-5-025"
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"en.20090424.3.5-025"2
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"Madam President, I would like to talk about the report by Mr Purvis on electronic money.
First of all, I think that if we consider the reasons why electronic money is less developed here than in Hong Kong, it is undoubtedly because European citizens have become used to using their bank cards much more easily.
This Parliament has had two concerns in drawing up this legislation: firstly, at a time when the issue of supervision is on everybody’s lips, we do not want to deregulate the supervision of electronic money institutions solely because of the latter’s lobbying. This is why the European Parliament has above all insisted that these institutions that issue electronic money and manage electronic money should be subject to genuine supervision, and I think that we have obtained a number of guarantees in this area. I welcome this.
In the same way, we were anxious to take into account the interests of citizens and those who use electronic money, particularly when they want to end their contracts, so that they did not have restrictions and fees imposed on them by the institutions managing electronic money that we would have seen as excessive.
This is the spirit in which we have supported this proposal, in the hope that it would make our fellow citizens’ lives easier through the use of electronic money, but that this would not result in excesses, particularly in terms of supervision mechanisms."@en1
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