Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-255-062"

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"en.20121026.23.5-255-062"2
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". In recent years, more investors have become active in the financial markets and they are being offered an increasingly complex and wide-ranging set of services and instruments. In view of these developments, the legal framework of the European Union should encompass the full range of investor-oriented activities. To this end, it is necessary to provide for the degree of harmonisation needed to offer investors a high level of protection and to allow investment firms to provide services throughout the European Union, within the framework of a single market, on the basis of home country supervision. The financial crisis has exposed weaknesses in the functioning and in the transparency of financial markets. The evolution of financial markets has exposed the need to strengthen the framework for the regulation of markets in financial instruments, including where trading in such markets takes place over the counter, in order to increase transparency, better protect investors, reinforce confidence, address unregulated areas, and ensure that supervisors are granted adequate powers to fulfil their tasks. This regulation constitutes a step in this direction, hence my vote in favour."@en1

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