Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-208"

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"en.20101111.21.4-208"2
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"In Europe, alternative investment fund managers are responsible for managing a substantial volume of invested assets. They represent a significant proportion of the trading on financial instrument markets and can exercise considerable influence on the markets and companies in which they invest. I am certain that the impact of alternative investment fund managers on the markets in which they operate is significant, but the recent financial difficulties have highlighted the fact that the activities of investment fund managers can also contribute to extending and disseminating risks throughout the financial system and the economy. The aim of this directive must also be to create incentives for transferring offshore funds to the Union, thus guaranteeing advantages in terms of the regulation and protection of investors while also setting the correct level of income for managers, funds and alternative investors. I should like, in this session, to emphasise that uncoordinated national responses to such risks make it difficult to manage them effectively."@en1

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