Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-03-31-Speech-3-077"
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"en.20040331.3.3-077"2
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".
Mr President, the proposed directive before you, while largely technical, is of considerable importance for the success of European financial integration. Over the last few years we have moved to a whole new approach on the European regulation of securities designed to ensure that Europe can react quickly and effectively to market developments and opportunities. With this in mind, the Commission put forward the proposal designed to establish a coherent and effective regulatory system across the financial services area. In doing so, we were mindful of the reservations of Parliament and, in particular, of your concerns on ensuring institutional balance with the Council.
I must, therefore, congratulate you for the very cooperative way in which your Members and the Council, and in particular the Irish presidency, have worked with us to reach a solution. With this in mind, I now wish to make a formal declaration on behalf of the European Commission."@en1
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