AGE addresses joint call for stronger supervision powers of the European Supervisory Authorities

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AGE has joined forces to denounce a disappointing European Parliament draft report on the review of the European System of Financial Supervision. The proposal drafted by the ECON committee does not include the joint amendments that we submitted to strengthen the protection of European financial services users.

We believe a strong supervision mandate will be crucial to ensure the protection of consumers of all ages, especially for products that have a very long-term impact on their lives and living standards, such as personal pension products. Moreover, a proper representation of consumers is indespensible for this, as well as the finiancial support and research into consumer-related issues. Supervisory convergence should also be part of the mandate of EU Supervisory Authorities.

To see the the call, please click here.

For any questions or comments, please contact: Philippe.Seidel@age-platform.eu

 

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