Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-148-000"
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"en.20111013.19.4-148-000"2
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"I eagerly await the proposal to be tabled by the Commission on this issue, and believe that this report could and should make a significant contribution to the architecture of a future European directive on insurance guarantee schemes (IGSs). I agree with the rapporteur’s choice of the four priorities to be dealt with by a future directive: ensuring consumer protection in the event of the bankruptcy of an insurer; ensuring equal consumer protection regardless of the ‘home’ state of the insurer; ensuring consumer protection in the event of fraud or mis-selling; and ensuring tax-payer protection in the event of IGS failure. All of this is to come from a minimum harmonisation directive that ensures a level of consumer protection. Finally, I would stress the importance of IGSs with regard to reducing risk in cases of insurer bankruptcy, and would emphasise the importance this directive will have for the success of the Solvency II Directive."@en1
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