Knowledge gap hits financial services sector

The European Commission has set out, in the form of a Green Paper, May 2007 its vision for future EU policy on retail financial services, which are financial products such as bank accounts, loans, mortgages, investments and insurance provided to individual consumers. The Green Paper aims to strengthen and deepen the Commission's understanding of the problems faced by consumers and industry in this area, to set out the Commission's overarching objectives and to highlight areas where more work may be needed. It is an important contribution to the Commission's current review of the Single Market to ensure that its policies are fit for the 21st century.

European Commission: Press Release: IP/07/596: Internal Market: Commission launches debate on future EU policy on retail financial services http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/596&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: DG Internal Market and Services: A Single Market for Services: Financial services: Retail financial services: Retail policy http://ec.europa.eu/internal_market/finservices-retail/policy_en.htm

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