Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-143"
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"en.20101110.16.3-143"2
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"The emergence of hedge funds and private equity funds was the result of the strict regulation of the financial markets even before the outbreak of the financial crisis. Financial institutions therefore chose these instruments as ways of avoiding the regulations of the capital market. It is therefore not alternative investment funds which are the main reason for this, but the variety of regulations in existence, a situation which we are resolving with today’s even stricter regulations. Capital has the ability to respond flexibly and is very mobile. Government intervention will not stop it, and if regulations are too tough, it will either force this segment of financial services to move outside the European Union or to find new, as yet unregulated forms. One can say with certainty that the material we are discussing is possibly a reaction to the past, but does not decrease the risk of future crises. However, I think that Mr Gauzès and his friends have done a good job."@en1
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