Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-03-14-Speech-3-252"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2001-03-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Regulation of European securities markets (continuation)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20010314.9.3-252"2
lpv:hasSubsequent	lp_eu:2001-03-14-Speech-3-2532
lpv:speaker	lp:Theresa Villiers2
lpv:spoken text	"Mr President, I very much welcome the Lamfalussy report and the opportunity to comment on it, but I would like to start by putting on record my personal thanks to Mr Bolkestein for coming along at this late hour despite the interruption. I know it is appreciated by all my colleagues. We are all aware of the benefits of the single market in financial services but I will re-state them because they are so important: cheaper products for consumers, better returns for savers and easier and cheaper finance for business. Sadly, this remains an aspiration rather than a reality. One of the main reasons we are failing to achieve such a single market is poor implementation and inconsistent interpretation. Both of these will be helped by Mr Lamfalussy's proposals, which are sensible and pragmatic. We need further assurances and guarantees on transparency and market consultation and on democratic oversight, but I hope we and the other two European Union institutions can find a way to make these proposals work. This is an important political opportunity which should not be wasted and I am glad to hear that the Commission is taking a pragmatic view on its right of initiative. As Mr Bolkestein stated in his introduction, he does not have concerns about the role of the regulators’ committee. We need to see that kind of flexibility from the Council as well and if it is true that the Council is trying to roll back the European Parliament's limited role in the comitology process under present rules, that is unhelpful and regrettable. All three institutions will need to show goodwill and make sacrifices and compromises if this arrangement is to work, but it is a prize well worth fighting for because the single market in securities will yield many benefits for the people we are elected to represent."@en1
lpv:spokenAs	member; Delegation for relations with the countries of South Asia and the South Asia Association for Regional Cooperation (SAARC) (1999-10-06--2002-01-14)3 member; ECON (1999-07-21--2002-01-14)3 member; EPP-ED (1999-07-20--2004-07-19)3 unknown; Conservative and Unionist Party (1999-07-20--2004-07-19)3 substitute; Committee on Legal Affairs and the Internal Market (1999-07-21--2002-01-14)3
lpv:unclassifiedMetadata	"Villiers (PPE-DE )."1

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