Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-145"
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"en.20101110.16.3-145"2
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".
I would first of all like to congratulate the rapporteur, Mr Gauzès. We would not have had this draft resolution tabled for debate today had it not been for the skill and tenacity of this gentleman and of those who cooperated with him, and for the Commission’s and Council’s involvement. I am going to vote for this report because of the benefit it will provide by making the activity of these funds transparent in terms of costs, investment policy and the risks which they also run. We are too well aware that without transparency, we cannot talk about the managers of these funds having responsibility.
In addition, by introducing supervision and monitoring of these funds, we can be sure that this will plug one of the gaps which still exist in Europe’s financial supervision structure, thereby responding directly to the justified demands of European citizens who have been hit very hard by this financial crisis which has been triggered worldwide."@en1
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