Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-372-000"
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"en.20121025.28.4-372-000"2
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"Mr President, Commissioner, I would like to say very quickly that I believe that Parliament is doing its job with the Commission – and soon, I hope, with the Council – in a difficult area, and to thank the rapporteur, who has done a very considerable amount of work with the shadow rapporteurs. It is an area where, in my view, one must be careful not to court public opinion.
Sometimes, outside, we are asked: what are you doing to regulate financial markets better?, and people underestimate what has been done. Nor must we give the idea that we are able, with a wave of a magic wand, to transform finance completely, to the extent required. A balance has been struck between transparency and optimum organisation. It is important to defend the rights of the consumer. There are still some slight differences of opinion between the above groups but, in any case, there is genuine agreement on saying that consumers must be better protected and also on protecting access to financing for small and medium-sized enterprises.
These are, therefore, complex issues. We will continue working. In my view, Commissioner, it is a big job, which forms part of an even vaster whole.
For my part, I also welcome the fact that the supervisory bodies, which we have helped to put in place together, are themselves also able to exercise more far-reaching competences in that area."@en1
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