Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-257-000"
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"en.20121026.23.5-257-000"2
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".
The exacerbated commodity market volatility and price levels that seem unrelated to fundamental extraction costs and the balance between supply and demand over the last ten years has indeed generated devastating and long lasting negative externalities which are potentially much bigger than the total amount of official development aid over the same period. A comprehensive EU sustainable development cooperation strategy should go hand in hand with more transparent and better regulated commodity related markets in the EU and worldwide. The Commission recast proposals on the Markets in Financial Instruments Directive and Regulation (MiFID and MiFIR) include provisions with the explicit purpose of addressing the need to reinforce supervision and regulation in commodity related financial markets. Three general issues need to be addressed by the European Parliament in the framework of the MiFID/MiFIR revision: strict limitation on exemptions from MiFID to include all commodities actors within the scope of the regulation; strengthening the provisions for position limits; strengthening the powers for regulators to intervene in specific products or activities."@en1
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