Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-16-Speech-2-515"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-12-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Securities settlement systems and financial collateral arrangements (debate)2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20081216.45.2-515"2
lpv:hasSubsequent	lp_eu:2008-12-16-Speech-2-5162
lpv:speaker	lp:Margarita Starkevičiūtė2
lpv:spokenAs	unknown; Liberalų ir centro sąjunga (2004-07-20--2009-07-13)3 member; ALDE (2004-07-20--2009-07-13)3 member; Delegation for relations with Japan (2007-03-14--2009-07-13)3 substitute; Delegation for relations with Iran (2007-03-14--2009-07-13)3 substitute; CONT (2007-01-31--2009-07-13)3 substitute; BUDG (2007-01-31--2009-07-13)3 substitute; Delegation for relations with Australia and New Zealand (2007-04-25--2009-07-13)3 member; ECON (2007-01-31--2009-07-13)3
lpv:translated text	"The document presented only appears technical. In truth it ensures the functioning of a safe securities settlement system, which is important for many people who are members of pension funds, insurance schemes or investment schemes. The rapporteur’s document is excellently prepared, as are all of her documents. I am very pleased that I had the honour of working with her in the preparation of many financial documents and I am very sorry that today is her last day in the European Parliament. We – the Group of the Alliance of Liberals and Democrats for Europe – can agree with this document, as our position is reflected in it. What is that position? Firstly, we believe that the European Union’s common market of securities settlement must be expanded, as it is very fragmented. We do not, however, want to see the establishment of a monopoly; therefore we believe that in the report presented, conditions have been created to flexibly form a cooperation agreement for various systems and to introduce new links. On financial collateral arrangements, we thought it very important that procedures be simplified and made clearer and that, in insolvency and various critical cases, it should be easier to resolve disagreements over property and that all conditions should be clearer. It seems that this goal has also been achieved. Like the other rapporteurs, I am sorry that it has not been possible to solve the problem with the settlement systems established by the European Central Bank. I would very much like to urge the Commission to prepare a compromise proposal on this matter as quickly as possible, because the European Central Bank will have to devote more and more attention to the functioning of such systems and the question of their maintenance should be resolved, which is perhaps what is stopping the expansion of these regulations to existing systems under the influence of the European Central Bank."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph