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Extracts from the press conference by Michel Barnier on the package proposed by the EC to boost consumer confidence in financial services
Michel Barnier, Member of the EC in charge of Internal Market and Services, presented on 12 July 2010, a package that the European Commission adopted to boost consumer confidence in financial services, as part of its response to the crisis.
The measure's aim was to improve protection for insurance policy holders, bank account holders and investors in the EU. It included a proposal to improve deposit-guarantees in European banks, a proposal to enhance EU investor compensation schemes, and a White Paper on Insurance Guarantee Schemes.