Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-962"

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"en.20101111.21.4-962"2
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"The financial crisis has highlighted the need to subject the activities of the various players in financial markets to strict scrutiny, particularly bodies involved in the management and administration of alternative investment funds. In actual fact, the impact of alternative investment fund managers on the markets in which they operate is largely beneficial, but the recent difficulties in the financial markets have demonstrated that their activities are vulnerable to a whole range of risks, and adequate management of these requires a coherent framework across the European Union. Indeed, the establishment of a harmonised regulatory and monitoring framework at a Community level is proven to be suitable for the cross-border nature of the risks inherent in the activities of alternative investment fund managers, thus helping to strengthen the internal market. I voted in favour of Parliament’s position for those reasons."@en1

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