Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-146"
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"en.20101110.16.3-146"2
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"I would like to begin by congratulating the Commissioner, the representatives of the Council, the shadow rapporteurs and, in particular, Parliament’s rapporteur. I am well aware of the effort that he put into this subject and the difficulties he underwent so that it would be possible to reach a consensus. Congratulations are therefore due to Mr Gauzès.
Getting down to business, I would like to point out three major aspects in the solution that was presented: firstly, there is a concern to connect with the real situation, which can be seen in the tendency to allow things that are different to be treated in different ways. The funds have different sums, different characteristics and different associated risks. Secondly, there is the aspect of concern for financial stability, which can be seen in the definition given for levels of capital. Thirdly, there is the concern with combating protectionist tendencies, which is amply demonstrated by the agreement relating to third countries. In short, this is a more transparent solution that offers greater security for the market and greater protection for the consumer. This is a more European solution, and one that is better for the internal market. Better regulation will certainly mean that we will have a better market."@en1
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