Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-14-Speech-2-858"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-12-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20101214.32.2-858"2
lpv:hasSubsequent	lp_eu:2010-12-14-Speech-2-8572
lpv:speaker	lp:Alfredo Pallone2
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; Delegation for relations with Canada (2009-09-16--2014-06-30)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; EPP (2009-11-25--2014-06-30)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 substitute; LIBE (2009-07-16--2012-01-18)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-16)3
lpv:translated text	"My decision to vote for reportis in line with the current situation on European capital markets, which are going through a period of unprecedented flux thanks to new technological advancements. Thanks to the introduction of the Markets in Financial Instruments Directive (MiFID), which promotes competition between trading venues for execution services, the efficiency of the price formation process has increased, widening choice for investors. Market fragmentation has, however, led to poor post-trade transparency in over-the-counter (OTC) trades and this situation means a more effective regulatory framework for consolidated post-trade information is required. In my opinion, regulators need to ensure that they can, at any time, recreate every detail of the trade in order to understand the market dynamics and the participants’ involvement. The impact of new technology and the advent of new market participants has led to faster trading speeds and to an increase in direct market access by clients of trading platform members. Although the introduction of MiFID brought innovation, it seems that it also contributed to the fragmentation of the market. I voted for the report because I believe that these technological advances need to be adequately regulated in order that they do not cause systemic risk to the overall functioning of the markets."@en1

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