Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-06-07-Speech-2-111"
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"en.20050607.21.2-111"2
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"The June List supports institutional competition and therefore regrets that the Commission has considered it necessary to regulate this market too. At present, the legislation applies where reinsurance is written, meaning that the market players themselves choose which legislation is most appropriate. It is not to citizens that the directive primarily offers protection. Instead, it concerns regulations governing financial institutions and trade between companies (B2B). These players carry out their own risk assessments on a daily basis and do not need further EU legislation.
Not being able to vote against the Commission’s proposals, we therefore choose to abstain from voting."@en1
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