Consumer Financial Services (Communication)
The EU Commission wants to strengthen the internal market for consumer financial services. In its analysis of the Commission’s Communication, cep regards as appropriate the Commission’s reluctance to bring in new rules on territorial restrictions because such restrictions are not per se limitations on the internal market.
In cep’s view, an optional set of EU rules on financial services should be brought in because it would intensify cross-border competition in particular by reducing the costs of market entry. This would also make services which fall under the regime easier to compare.