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HomeEvaluation of the Mortgage Credit Directive (Directive 2014/17/EU)
Final report
Metadata for publikationen
The Mortgage Credit Directive (Directive 2014/17/EU) aims to create an efficient and competitive internal market for consumers, creditors and credit intermediaries. It aims to provide a high level of consumer protection; and promote financial stability by ensuring that mortgage credit markets operate in a responsible manner. Member States were required to transpose the Directive into their national law by 21 March 2016, but only eight transposed the Directive on time. Spain was the last country to fully transpose the Mortgage Credit Directive, in June 2019. This study has been commissioned by the European Commission (DG FISMA) to support an evaluation of the Directive and to address the regulatory requirements under Articles 44 and 45. The aim of the study is to assess the effectiveness, efficiency, relevance, coherence and EU added value of the Mortgage Credit Directive as well as the simplification and burden reduction potential, in line with Better Regulation principles. The research has combined a review of the literature with extensive stakeholder consultation, including interviews, a mystery shopping and a consumer survey. The evaluation finds that the Mortgage Credit Directive has effectively raised the bar in terms of consumer protection in many EU Member States and has helped to level the playing field for different market players. On the whole, it has remained relevant in light of digital and other market trends, although there are some areas where clarification is needed. The costs of implementation have also been found to be limited for industry. The market for mortgages however remains of national nature, with limited cross-border activity.
- Offentliggjort:
- Forfatter(e): Directorate-General for Financial Stability, Financial Services and Capital Markets Union (Europa-Kommissionen) , Risk & Policy Analysts (RPA)
- Emner: Banker, forsikringer
- Emne: direktiv (EU) , EU-medlemsstat , fast ejendom , forbrugerbeskyttelse , forbrugskredit , kreditgaranti , national gennemførelsesforanstaltning , opholdssted , panterettighed , realkredit , solvens , valuta
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| ISSN | ISBN 978-92-76-22300-9 | DOI 10.2874/41965 | Katalognummer EV-01-20-545-EN-N |
- Released on EU publications website:
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