Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-09-23-Speech-2-331"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2003-09-23"^^xsd:date2
dcterms:Is Part Of	lp_eu:Investment services and regulated markets2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20030923.11.2-331"2
lpv:hasSubsequent	lp_eu:2003-09-23-Speech-2-3322
lpv:speaker	lp:Ieke van den Burg2
lpv:spokenAs	member; EMPL (2002-01-17--2004-07-19)3 member; PES (1999-07-20--2004-07-19)3 unknown; Partij van de Arbeid (1999-07-20--2004-07-19)3 substitute; ECON (2002-01-17--2004-07-19)3 member; Delegation for relations with Japan (2002-02-07--2004-07-19)3
lpv:translated text	"Mr President, all honour to you for your stamina. In the short time that has been allocated to me and at this late hour, I can only formulate a few guiding principles that will determine my commitment to reach compromises and my voting behaviour on Thursday. I should like to outline two objectives. First of all, promoting private investment in the European Union. We must make every effort to increase liquid assets for the benefit of economic activity and to recover from the economic decline once again. Secondly, protecting small private investors. On the one hand, by laying down unambiguous rules that are closely monitored and, on the other hand, by optimising these small investors’ choices in terms of investment products, institutions and methods. It is the latter point that formed the subject of the debates concerning the directive. In my view, the small investor should be able to have access to stock exchanges as well as his own home bank. In-house matching is a fully-fledged alternative to the monopoly of stock exchanges, something which causes me increasing anxiety, certainly if it transcends national borders and stands in the way of national supervision. This requires transparency, but must not adversely affect price forming and liquidity on the financial markets. As far as the last point – the method of legislation – is concerned, I agree with the approach, based on the Lamfalussy method, of delegating a number of things to supervisors and regulators. I concur with everyone who has stated that it is important to reach compromises and to encourage the Council to do the same."@en1

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