Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-24-Speech-5-026"
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"en.20090424.3.5-026"2
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"The proposal for a regulation of the European Parliament and of the Council on cross-border payments in the Community, which aims to replace the current applicable regulation, is linked to the creation of an integrated European payments market. The proposal is also aimed at increasing the protection of consumers’ interests and rights and easing the burden with regard to reporting statistics.
Article 5 on the balance of payments and Article 12 relating to the review clause are the subject of a compromise which our rapporteur, Margarita Starkevičiūtė, is aiming for and is supported by Bulgaria. The compromise offers an opportunity for a timely, adequate assessment.
The current global financial crisis focuses attention on the need for relevant statistical data. Bulgaria is in favour of removing settlement-based reporting obligations on payment service providers for balance of payments statistics under a threshold of EUR 50 000.
Bulgaria supports the removal of Article 5(2) as the reservations which have been expressed are made in the context of the potential loss of information and a deterioration in the quality of the balance of payments statistics, as well as to do with the need for a technical period for implementing the switch to the direct reporting system."@en1
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