Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-04-15-Speech-2-409-000"
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"en.20140415.64.2-409-000"2
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"Our position is against. This directive introduces rules relating to payment accounts, with a particular focus on transparency for fees, easier switching mechanisms and broader access to basic bank accounts. Many elements of this reform have already been in place in the UK for some time, and the UK’s prime objective in negotiations on this file was to ensure that key elements of its own system were preserved. Unnecessary harmonisation, over-regulation and interference in freedom of contract. The right to a bank account may sound beneficial but would be more easily delivered by abandoning the over-regulation resulting from anti-money laundering regulations. If, as HMG says, much of this is already in place, we don't need a further tier of regulation muddying the waters."@en1
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