Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-12-12-Speech-3-298"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2001-12-12"^^xsd:date2
dcterms:Is Part Of	lp_eu:Financial collateral arrangements2
dcterms:Language	"de"^^xsd:language2
lpv:document identification number	"en.20011212.11.3-298"2
lpv:hasSubsequent	lp_eu:2001-12-12-Speech-3-2992
lpv:speaker	lp:Klaus-Heiner Lehne2
lpv:spokenAs	unknown; Christlich Demokratische Union Deutschlands (1999-07-20--2004-07-19)3 substitute; Committee on Citizens' Freedoms and Rights, Justice and Home Affairs (1999-07-21--2002-01-14)3 vice-chair; Delegation to the EU-Russia Parliamentary Cooperation Committee (1999-07-22--2002-01-14)3 member; Committee on Legal Affairs and the Internal Market (1999-07-21--2002-01-14)3 member; EPP-ED (1999-07-20--2004-07-19)3
lpv:translated text	"Mr President, ladies and gentlemen, please permit me to start by making an observation. We have here another example of how lawmaking in this House is normally dealt with just before midnight, whilst we have during the day been largely occupied with more or less pointless resolutions on one summit or another, which are generally fruitless. I see it as desirable that we should in future deal with important legislative matters at a more appropriate time in the course of the part-session. Apart from that, I would also like to thank the rapporteur on behalf of the Legal Affairs Committee for his very balanced report, which one can also call a proposal by the Commission and a consequence of the directive on settlement finality that was adopted in 1998. At that time, I was on the Legal Affairs Committee – which then had principal responsibility for the report – and was rapporteur for this directive. I can only say that the problems we faced, and which this report goes a long way towards solving, were the same as those we are dealing with today. We must simply take care that there is a reasonable balance between the interest in having such credit security systems and keeping them stable, and the other interests that of course exist – those, perhaps, of creditors in insolvency cases – to which consideration must also be given, and that these interests are reconciled fairly. For there can be no doubt that what is at issue here is not just the protection of these financial systems; there must also be guarantees that others affected by this regulation should not be put at an undue disadvantage. I think that we have found a just reconciliation of the two, and it is this point that is decisive. The rapporteur has also mentioned a second angle of significance to us in the Legal Affairs Committee, namely the fact that the boundaries as regards preferential creditors have – I would say – been drawn relatively generously. We took the view that this category should either in fact be extended to include medium-sized enterprises, or, on the other hand, actually be restricted to banks and direct participants in financial markets. I believe that the Committee on Economic and Monetary Affairs has achieved a good result, and, in view of the lateness of the hour, I would also like to come to a conclusion. I can say on behalf of the Legal Affairs Committee that we are in agreement with what the rapporteur has presented, and we will also, for our part, support it."@en1

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