Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-23-Speech-2-197"

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"It is very important to further examine how the supervisory structures in the European Union can be improved. However, the report by Mr Rasmussen concerns the recommendations to the European Commission on hedge funds. On procedural grounds, I do not support the amendments by the Group of the Greens/European Free Alliance to the recitals. The recitals are not the place to draw up value judgments on the current situation on the financial markets. I voted against Amendments 6 to 10 inclusive this morning not because I oppose European supervision of financial markets, but because this report is not the right place to launch this initiative. I would advocate that the Committee on Economic and Monetary Affairs deliberate upon supervision of financial markets and the desirability of reinforcing this at European level. If a good report is presented on this, there is every likelihood that I shall yet be able to support this initiative from the Greens."@en1

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