Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-154-687"
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"en.20111013.19.4-154-687"2
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"I voted in favour of Mr Skinner’s report, to which I also contributed as part of my work in the Committee on Economic and Monetary Affairs by tabling a series of amendments. I believe that, in line with what has already been done for the banks and investment companies, EU-level insurance guarantee schemes should be implemented in the insurance sector, too. However, it is my opinion that, while the basic principle may be the same, it is important to adapt and tailor the measures to the sector in question, given its specific characteristics. For example, the scope should exclude third-party motor insurance policies that already have a mandatory fund that provides cover and be restricted to life insurance products, since they require greater protection as long-term products that are often intended for people of retirement age. Furthermore, I believe it is essential to link the creation of insurance guarantee funds to the prudential rules laid down by the Solvency II Directive, which still needs to be implemented in full. I hope that the Commission will take these suggestions on board when it presents the legislative proposal in the future."@en1
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