Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-355-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-10-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:Markets in financial instruments and repeal of Directive 2004/39/EC - Markets in financial instruments and amendment of the EMIR Regulation on OTC derivatives, central counterparties and trade repositories (debate)2
dcterms:Language	"de"^^xsd:language2
lpv:document identification number	"en.20121025.28.4-355-000"2
lpv:hasSubsequent	lp_eu:2012-10-25-Speech-4-356-0002
lpv:speaker	lp:Holger Krahmer2
lpv:spokenAs	member; ALDE (2009-07-14--2014-06-30)3 member; ENVI (2012-01-19--2014-06-30)3 vice-chair; Delegation for relations with the Arab Peninsula (2009-09-29--2014-06-30)3 substitute; ITRE (2012-01-19--2014-06-30)3 substitute; Delegation for relations with South Africa (2009-09-16--2014-06-30)3 unknown; Freie Demokratische Partei (2009-07-14--2014-06-30)3
lpv:translated text	"Mr President, my role in this great financial market regulation process is limited to the issue of the extent to which industry is affected by financial market regulation – here I speak on behalf of the Committee on Industry, Research and Energy – since there is a need for financial market regulation, which we are addressing with this directive and regulation package. However, there is a lot of activism involved in financial market regulation and the Commission’s first proposal on the subject would simply have led, through questions of definition and interpretation, to companies in the real economy – here I am thinking of smaller industrial enterprises such as German public utility companies and agricultural cooperatives – suddenly being treated like banks, for example when they hedge delivery relationships with suppliers and customers on the futures markets. This would have been the collateral damage of financial market regulation and would have been in no one’s interest. In my view it is clear that industrial companies must be treated differently to banks. The majority of futures transactions made by these companies are for hedging purposes, not speculation. Even where these transactions do involve speculation, it must be said that I do not know of a single industrial company or energy supplier that is of systemic importance. The Committee on Industry, Research and Energy was very clear in its opinion on this subject and I must say that I am pleased that these aspects managed to appear in the final package. To that extent, in the end we certainly did well to include this ancillary aspect."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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