Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-147-500"
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"en.20111013.19.4-147-500"2
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"Developing an effective policy on insurance guarantee schemes (IGSs) and implementing it correctly from a methodological point of view is a delicate and complex task, especially given that no mechanism exists to compensate consumers for the losses suffered in the insurance market. It is delicate, because applying it superficially is liable to affect consumer confidence; and it is complex, because the widely adopted parameters may not necessarily work for all the Member States. The Commission should therefore be commended for its work on this subject, because it has combined methodological rigour with the flexibility that is needed. Creating a subsidiary role for IGSs at national level so as to offer greater guarantees to consumers shows sensitivity and is evidence of a high degree of professionalism. The cross-border standardisation directive for IGSs demonstrates a very broad and consistent outlook, and puts the Commission in the position of guarantor of the consistency of the common insurance guarantee scheme. Therefore, it is particularly important to ensure that this image is not obscured in any way. I believe that special attention will have to be paid to transparency when information is exchanged: in the event of the insolvency of an insurer, having a coherent single point of contact for all financial guarantees will ensure that the directive genuinely benefits consumers."@en1
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