Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-13-Speech-1-053"
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"en.20020513.5.1-053"2
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"Mr President, our rapporteur, Mrs Berger, has very convincingly shown that the Council common position contains a considerable number of Parliament’s demands from the first reading. I would now just mention here that any directive, for example, in response to Parliament’s demands, would apply to all consumers and not only those that live in the Member States. Furthermore, the demands for information that service providers must make available correspond very closely to Parliament’s demands, and this and other things mean I am quite prepared, on behalf of my group, to appeal to Parliament not to commence legislative conciliation regarding this matter but adopt this common position, which in many respects is very satisfactory.
It might be said that we have now made a good start with regard to guaranteeing consumer protection in the internal market in financial services, and we can definitely go further in this at a later date. It is quite proper that the principle of minimum harmonisation is now being applied. That provides a guarantee that, as no Community act has yet been introduced to cover all the issues and considerations involved, Member States may deviate from it and go a little further. I do not believe that the internal market will come to any particular harm as a result. The cross-border sale of financial services is now definitely under way, and in the early stages this will represent a very good level of consumer protection."@en1
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