Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-439-500"
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"en.20110705.34.2-439-500"2
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"I voted for this report because I believe that the amendments to the directive on investor compensation schemes must be designed to improve consumer protection, with a view to greater harmonisation of the European single market.
Full harmonisation of the amount of compensation is preferable to minimum harmonisation, since it increases consumer protection, gives investors stronger protection and creates no risk of arbitrage between Member States. Harmonisation of the financing of compensation schemes is welcome, provided the target fund level is not too high. The funds in fact should cover cases of mismanagement and fraud in the deposited securities."@en1
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