Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-963"
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"en.20101111.21.4-963"2
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"I voted in favour of Parliament’s position as I believe that:
the present directive does not regulate alternative investment funds, which can continue to be regulated and monitored at a national level;
it is necessary to ensure that the actions of alternative investment fund managers are subject to rigorous scrutiny in terms of governance;
there should be an explicit obligation to establish and maintain policies and practices that are consistent with sound and effective risk management for categories of staff whose professional activities have a significant impact on the risk profile of alternative investment funds managed by them.
information and disclosure requirements and specific safeguards against asset stripping should be subject to a general exception for control over small and medium-sized enterprises (SMEs);
it is necessary to clarify the powers and duties of the competent authorities responsible for implementing this directive, and to strengthen the mechanisms needed to ensure effective cross-border cooperation in the field of monitoring."@en1
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