responsible credit
Search OK

EU HEARING: Universal access to a basic payment account
The Committee on the Internal Market and Consumer Protection (IMCO), European Parliament has held an additional hearing on the basic bank account following hearings by both the IMCO and ECON hearings from last year.

Prof. Reifner from ECRC partner iff contributed to the debate on EU basic banking legislation with a presentation and paper on the role of overindebtedness as a key related issue that has been neglected so far by the work of the EU Institutions on the subject of the basic payment account. The paper behind his presentation at the session “Basic banking as a consumer right and as universal service: benefits for social and financial inclusion” is available below.

The Recommendation issued by the European Commission must be applied within 6 months of 18.7.2011 EC adoption. (see EC website  (including Impact assessment).

Hearing of the Committee on the Internal Market and Consumer Protection
Universal Access to a Basic Payment Account
Wednesday 25 January 2012 from 16.00 to 18.30
European Parliament, Brussels
József Antall Building (JAN) room 4Q1
16.00 - 16.25 Opening session
Opening by the Chairman, Mr. Malcolm HARBOUR
Statement by the IMCO Rapporteur, Ms. Evelyne GEBHARDT (S&D)
Remarks by the ECON Rapporteur, Mr. Jürgen KLUTE (GUE/NGL)
Presentation by DG MARKT (Mr Jonathan FAULL)
16.25 - 17.30   Session 1
Basic banking as a consumer right and as universal service: benefits for social and financial inclusion
Ms Anne FILY, BEUC - The European Consumers' Organisation
Mr Udo REIFNER, Institut für finanzdienstleistungen e.V.
Mr Wiktor KAMINSKI, National Association of Cooperative Savings & Credit Unions (NACSCU).
Mr Peter DYRBERG, Advokatfirmaet Schjødt AS.

Questions & Answers
17.30 - 18.10   Session 2

Access to a basic payment account and benefits for the Internal Market growth
ETUC - European Trade Union Confederation (tbc)
Mr Jim MURRAY, European Foundation for Financial Inclusion (EUFFI).
Speaker from FSUG (Financial Services User Group) (tbc)
Mr Dirk STEIN, Director for the European retail banking and consumer politics at the Bundesverband deutscher Banken (Association of German Banks) (tbc).
Questions & Answers
18.10- 18.30   Closure                   
Conclusions by the Rapporteur, Ms. Evelyne GEBHARDT
Closing remarks by the Chair, Mr. Malcolm HARBOUR

This hearing is available to listen online:

Also discussed by IMCO yesterday and available on the video link was:
Tue, 24 Jan 2012 15:30 - 16:30
 12.0 (IMCO/7/07628) The implementation of the Consumer Credit Directive 2008/48/EC
Wed, 25 Jan 2012 09:50 - 10:40
16.0 (IMCO/7/05833) Credit agreements relating to residential property
Wed, 25 Jan 2012 15:00 - 16:00
22.0 (IMCO/7/07300) Access to a basic payment account
Wed, 25 Jan 2012 16:00 - 18:30
Public hearing
23.0 (IMCO/7/07300) Access to a basic payment account

ID: 47878
Publication date: 25/01/12

EC website on basic payment account

Created: 26/01/12. Last changed: 26/01/12.
Information concerning property and copy right of the content will be given by the Institut For Financial Services (IFF) on demand. A lack of explicit information on this web site does not imply any right for free usage of any content.