Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-196"

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"en.20101111.21.4-196"2
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"I should like to congratulate Mr Gauzès for his outstanding work. I voted in favour of this report because I feel it is necessary to provide European savers with clear and safe financial instruments. I am convinced that we can only attempt to avoid further market destabilisation through strict and specific regulation. The report we have voted on today is therefore part of the broader framework of economic and financial regulation that the European Union is implementing. In this sense, the justified regulation of investment funds is also an effective instrument for preventing malfunction of the system such as, for example, excessive exposure to risks for subjects of systemic importance. I also support the idea of a European ‘passport’, which is being implemented by means of the authorisation and supervision applied to all alternative fund managers established and operating within the Union. Lastly, I welcome the requirements as regards the information to be supplied to monitoring authorities with the aim of guaranteeing greater transparency."@en1

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