On Tuesday 22 November, the European Parliament did not call for the creation of a European retail consumer protection authority.
In their adoption of the own-initiative report by Olle Ludvigsson (ALDE, Sweden) (see EUROPE 11645), the MEPs reacted to the Green Paper of the European Commission aiming to tackle the fragmentation of retail financial products (see EUROPE 11450). They find that the rise of the European market in this area is closely linked to consumer confidence and consumer...