Traduction de «Revue des marchés nationaux » (Français → Anglais) :

4. Stresses the importance of TEN-T, not only as nodal points of connection within Europe, but also as a chance to launch individual domestic markets, local economies and urban and metropolitan areas; stresses, therefore, the importance of completing the priority corridors defined at European level, particularly for high-speed rail routes; draws attention to the unprecedented interest demonstrated by Member States at the 2014 CEF-T calls and to the great number of eligible high quality projects submitted that could not be adopted due to a lack of available funds; insists in this regard that the funding provided for in the MFF must be respected and reviewed, both for ...[+++] commitments and for payments, in order to successfully achieve the CEF priorities and objectives and to top up the budget allocated for CEF.

22. notes that cross-border integration of EU retail financial markets is less developed than in the wholesale area; notes that consumers still use physically present institutions more than virtual ones, and notes a predominantly domestic-oriented financing structure; warns, however, against simply overhauling the national consumer protection traditions and legal systems by one-size-fits-all harmonisation; takes the view that national consumer protection traditions must not be interpreted in such a way that new competitors are hind ...[+++]ered on the domestic market; emphasises the need for a well-functioning internal market for financial services; notes the importance of intermediaries in bringing competition to Member States' domestic markets; stresses the benefits of open and pluralistic structures in the European banking market in meeting the different and evolving needs of consumers;

21. notes that cross-border integration of EU retail financial markets is less developed than in the wholesale area; notes that consumers still use physically present institutions more than virtual ones, and notes a predominantly domestic-oriented financing structure; but warns against simply overhauling the national consumer protection traditions and legal systems by one-size-fits-all harmonisation; takes the view that national consumer protection traditions must not be interpreted in such a way that new competitors are hindered o ...[+++]n the domestic market; underlines the need for a well-functioning internal market for financial services; notes the importance of intermediaries in order to bring competition to Member States' domestic markets; stresses the benefits of open and pluralistic structures in the European banking market to meet the different and evolving needs of consumers;

35. Requests that the Commission provide a comprehensive study of retail financial services with a special emphasis on banking services in the various Member States which identifies the major barriers to competition and further integration, including cultural or social differences; recognises that a low level of cross-border activity does not imply a lack of competition in national retail markets; also recognises the importance of freedom of establishment in enabling market participants to be highly active in many different national markets for retail services, even where c ...[+++]ross-border trade is limited;

In exercising its implementing powers, the Commission should respect the following principles: the need to ensure confidence in financial markets among investors by promoting high standards of transparency in those markets; the need to provide investors with a wide range of competing investments and a level of disclosure and protection tailored to their circumstances; the need to ensure that independent regulatory authorities enforce the rules consistently, especially as regards the fight against economic crime; the need for high levels of transparency and consultation with all market participants and with the European Parliament and the Council; the need to encourage innovation in financial markets if they are to be dynamic and efficie ...[+++]nt; the need to ensure market integrity by close and reactive monitoring of financial innovation; the importance of reducing the cost of, and increasing access to, capital; the balance of costs and benefits to market participants on a long-term basis (including small and medium-sized businesses and small investors) in any implementing measures; the need to foster the international competitiveness of EU financial markets without prejudice to a much-needed extension of international cooperation; the need to achieve a level playing field for all market participants by establishing EU-wide regulations every time it is appropriate; the need to respect differences in national markets where these do not unduly impinge on the cohesion of the single market; and the need to ensure coherence with other Community legislation in this area, as imbalances in information and a lack of transparency may jeopardise the operation of the markets and above all harm consumers and small investors.

The implementation of the directives has already had significant effects: insurers' international activities have increased, and competition on national markets has been boosted, in terms both of prices and of new products offered on the national markets. However, the impact of the internal market has been less pronounced, especially in the case of crossborder insurance transactions, for both the retail and wholesale markets (involving major industrial and commercial risks) which represent some 50% of the market.