Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-375-000"

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.20121025.28.4-375-000"2
lpv:hasSubsequent	lp_eu:2012-10-25-Speech-4-376-0002
lpv:speaker	lp:Werner Langen2
lpv:spokenAs	member; Conference of Delegation Chairs (2009-09-30--2014-06-30)3 member; EPP (2012-02-03--2014-06-30)3 substitute; ITRE (2012-01-19--2014-06-30)3 member; ECON (2012-01-19--2014-06-30)3 substitute; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 chair; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-30--2014-06-30)3 unknown; Christlich Demokratische Union Deutschlands (2009-07-14--2014-06-30)3
lpv:translated text	"Mr President, I seldom have the opportunity to praise Mr Ferber in a plenary session as highly as I can today, since he has done very good work. The compromise position he has produced, which has been accepted unanimously, is the result of multifaceted negotiations. Very well done. I have three points to make. The first is on the issue of position limits. The solution that has been found, which is obviously still being attacked from without, is the right way: we must not throw the baby out with the bathwater and make the negative side-effects for agricultural trade, which this solution certainly contains, responsible for world hunger. If we resolve position limits as Mr Ferber suggests, we are on the right track. My second point concerns the compromise position on banning commissions, which was tabled at the last minute. As currently formulated, this could change the market considerably. As rapporteur for insurance mediation, I would preferred it if, in this position, this issue had been left to the Member States, since there are different systems. To write that commissions should be banned across the board goes too far for me, since it will entail a process of vertical concentration. Thirdly, high-frequency trading: it has already been mentioned that there are many people in the sector who are against the compromise position. However, I think it is right that high-frequency trading should be slowed down, otherwise in the future computer systems and powerful computers will manipulate the financial market even more than before. Further work, which was not possible in MIFID, needs to be done on this, but the rapporteur will be able to achieve something more in the pending negotiations."@en1
lpv:unclassifiedMetadata	"(The speaker agreed to take a blue-card question under Rule 149(8))"1
lpv:videoURI	<go to Events_and_structure europarl>2

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