Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-12-12-Speech-3-376"
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"en.20071212.34.3-376"2
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"Madam President, Parliament’s report shows that both our institutions’ approaches to moving forward in the area of asset management are very much aligned. We also need future decisions to be based on a thorough analysis of impacts.
We both want efficient markets that respond to the needs and expectations of the European fund industry and European investors. Important efforts have been made in that direction. More important efforts are ahead of us. We are committed to delivering, but we should be cautious. We need to preserve the reforms and the repute of the UCITS brand. We need to take the time to involve and consult with all stakeholders, and we need to avoid unnecessary intervention that risks distorting the market but does not bring about noticeable benefits.
Only when all those conditions are met can we be confident that our decisions are up to the challenge. We look forward to further cooperation between our institutions in this very important area."@en1
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