The application of industry self-regulation within the EU Richard Knubben Ñïåöèàëèñò ïî ñâÿçÿì ñ ïðàâèòåëüñòâåííûìè îðãàíèçàöèÿìè Åâðîcîþçà 17 November 2011 Geneva Presentation outline .What is industry Self-Regulation (SR) .Benefits of SR .Case studies .Advertising industry .Financial services .Consumer credit .Leasing .Car rental .Conclusions What is industry self-regulation? .Agreement at (inter)national level to promote good practice and address specific problems for the industry .Ranges from no gov. involvement to quasi regulation .Intended to impose lower compliance costs .Can offer quick low cost dispute resolution .Development of accepted standards and rules . Code of Conduct Benefits of SR .Platform for agreements on standards, accepted behavior and safety .Enhance industry reputation .‘trademark effect’ .Powerful lobbying tool to influence legislation .Negate the need for additional legislation .Early warning platform .Knowledge depository (statistics, research) .Neutral platform for competitors to meet .Combating fraud .Size matters… 156 108 171 SR in the advertising industry . 34 SROs in 32 countries in Europe and beyond (AUS, BR, CAN, CHL, IND, NZ, PER, SA) .15 industry organisations . Advertisers . Agencies . Media (TV, Radio, Press, Outdoor, Direct Mail and Online), . Interactive & Sponsorship International standards .Nationally enforced Codes based on global principles (ICC code) endorsed by Advertising Industry and adapted to local culture and norms Consolidated-ICC-Code_b .Geographical coverage .Media coverage .Funding .Codes .Consultation .Administration .Complaint handling .Advice .Sanctions .Consumer awareness Legislative threats and media interests .Gender stereotyping .Taste and Decency .Misleadingness .Alcohol advertising .Food advertising .Advertising to children .Green advertising .Virals/spoofs .Integrated campaigns sd159x Copy advice visuelwestonavant intervention visuelwestonapresintervention Eurofinas members SR in consumer credit industry .The voice of specialised consumer credit providers at European level .It currently represents 18 Member Associations .In turn bringing together more than 607 finance and credit institutions .Employing at least 87 000 people .Membership .Finance houses .Captive companies .Specialised banks .Universal banks Total Eurofinas lending 2010 Outstandings New Credit 2 % 808 Bˆ 825 Bˆ 2.1% 318 Bˆ 325 Bˆ 0 ˆ 100,000 ˆ 200,000 ˆ 300,000 ˆ 400,000 ˆ 500,000 ˆ 600,000 ˆ 700,000 ˆ 800,000 ˆ 900,000 ˆ 20092010CC for Personal ConsumptionVehicle FinanceIndustrial CreditMortgage Credit 0 ˆ 50,000 ˆ 100,000 ˆ 150,000 ˆ 200,000 ˆ 250,000 ˆ 300,000 ˆ 350,000 ˆ 20092010CC for Personal ConsumptionVehicle FinanceIndustrial CreditMortgage Credit33% 34% 35% 36% 23% 22% 8% 9% 13% 15% 50% 52% 28% 27% 7% 8% Activities of the federation Monitoring System Business Events Publications Position papers Banner_480-109-EventPage Financial education .Priority issue for .European Parliament, .EU Commission, and .Council .European Commission Communication .Announced Commission’s views and actions to raise awareness on financial education and to promote it .OECD and G20 involvement CREDIT FONCIER - acheter, revendre & rester zen SR in the leasing industry . The voice of leasing and automotive rental in Europe . It brings together 47 Member Associations . In turn representing more than 2 000 finance leasing firms & more than 1 100 short term rental companies . Leaseurope represents ~94%of the European leasing market Leaseurope members Total Real Estate Movables 674 ˆbil 203 ˆbil 445 ˆbil NEW VOLUMES OUTSTANDINGS Leaseurope Annual Survey ~767 ˆbil Estimated TOTAL Market Total Real Estate Movables 224 ˆbil 30 ˆbil 194 ˆbil Leaseurope Annual Survey ~252 ˆbil Estimated TOTAL Market Source: Leaseurope estimates, Leaseurope 2010 Annual Survey of European Leasing 30 member associations in 27 countries reporting, figures include hire purchase products when reported by member associations The Role of Leasing in Europe Influencing legislation .Accounting standards .Movement of vehicles .Relationship with manufacturers .Periodic Technical inspections .Insurance mediation .Basel 3 Fair Wear and Tear- Industry driven solutions Historically, the industry has developed easily understandable Fair Wear and Tear guidelines, based on pictures, exemplifying acceptable and unacceptable damages. 24 Combating fraud .Asset registers .Scorecards .Cooperation with law enforcement .Lobbying for better legislation img-home Some examples P1030138m IMG_0092 DSC05492 Some examples 100_5211 100_5233 Some examples P1080612 The use of leasing amongst European SMEs cover_photos.png With the support of A report prepared for Car Rental initiatives .Industry code of conduct .EU wide complaints handling system .European consumer guide to renting .Key facts document .Continuous engagement with Commission ECRCS-logo-small In conclusion .Platform for agreements on standards, accepted behavior and safety .Enhance industry reputation .‘trademark effect’ .Powerful lobbying tool to influence legislation .Negate the need for additional legislation .Early warning platform .Knowledge depository (statistics, research) .Neutral platform for competitors to meet .Combating fraud .Size matters… Thanks you Richard Knubben rknubben@gmx.com 17 November 2011 Geneva