Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-03-29-Speech-1-049"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20040329.6.1-049"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Madam President, Commissioner, the adoption of both directives today is a welcome development. For a start, I am glad that the acceptance of the directives in this form means that two directives that are significant in terms of the Financial Services Action Plan have been adopted before this Parliament has run its course. It is important that we have managed, in the life of this Parliament, before the elections, and before enlargement, to lay the foundation stone of an integrated financial market that will add to Europe’s appeal, all the more so in comparison with the US.
Secondly, I am glad that we have got this far, primarily largely thanks to Parliament, along with the Commission. The compromises and guidelines arrived at by Parliament at first reading demonstrated the goodwill of everyone concerned, among whom I would particularly single out Mrs Villiers, who succeeded, by means of a dialogue that disregarded party and national divisions, in finding a way forward that ended up being acceptable to the Member States. I regret the way in which the Member States repeatedly showed, right to the end, how little they are willing and able to pursue a shared objective. One of the things the investment services directive is about is more competition between the systems, which differ within the EU. This is about more competition, along with transparency, pricing, and protection for consumers. If we are to build Europe, the Heads of State or Government must come to realise that this cannot be a matter of one system prevailing over another. On one side there are the big investment banks; on the other, the smaller banks, the savings banks and cooperative banks. I think we in this House have done a good job, both in terms of its substance and of the time it has taken.
I want to say something brief about the transparency directive, namely that I am glad – although I take a rather different line from the Commission on this – that we have not got the rules on quarterly reporting that had been proposed, which I believe would have added little value in relation to the extra effort and additional bureaucracy. I therefore believe that adopting these two directives this week, and within the life of this Parliament, will add up to a good piece of work on our part for Europe as a financial marketplace."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples