Basic bank account: EUFFI opinion at the IMCO Hearing says full participation in modern society requires universal access to the necessary financial services. Last month, the IMCO Committee held a hearing on an EU Basic Bank account and discussions focused on the EC Reccomendation on basic payment account. One of the Speakers, alongside others such as Prof Reifner (iff and ECRC), see previous note, was Jim Murray, President European Foundation for Financial Inclusion (former BEUC Managing Director). His intervention delivered at the Hearing is available below. His message below: “I am grateful to have had the opportunity to speak on behalf of the European Foundation for Financial Inclusion (EUFFI) at the recent EP IMCO Hearing on Basic Payment Account. For EUFFI, full participation in modern society requires universal access to the necessary financial services. Access to payment services for all is a key element in the wider struggle for financial inclusion. We hope that the Commission will be persuaded to propose binding measures in this area as soon as possible.” CONSUMER AFFAIRS AND INTERNAL MARKET COMMITEE Hearing on Universal Access to a Basic Payment Account Intervention by Jim Murray, President European Foundation for Financial Inclusion European Parliament. 25 January 2012 ID: 47899 Publication date: 13/02/12     Speech: Jim Murray (IMCO Hearing Jan 2012) (121243 Bytes)

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