Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-134"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-11-10"^^xsd:date2
dcterms:Is Part Of	lp_eu:Alternative investment fund managers (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20101110.16.3-134"2
lpv:hasSubsequent	lp_eu:2010-11-10-Speech-3-1352
lpv:speaker	lp:Syed Kamall2
lpv:spoken text	"Mr President, may I start by praising the hard efforts of Commissioner Michel Barnier? Thank you very much for coming to London to meet with hedge funds and private equity managers and hear their concerns. I would also like to thank the Belgian Presidency for their work, as some of my previous colleagues have said, and also Mr Gauzès and the other shadow rapporteurs. I shall not thank any more people because I will run out of time, given that I have only got one minute. I think it is very important that we look at the issues and see how far we have come in eighteen months. I was one of the most critical people when it came to the original draft. Especially when it came to issues such as the scope, it seemed to be a one-size-fits-all directive, with the same rules for all sorts of funds – not just hedge funds and private equity but also investment trusts in the UK, which have existed for 150 years with no systemic risk. We are in a better place there. I am very happy with where we have come on third country access: we have managed to keep markets open and to allow EU investors to continue to invest in non-EU funds. We have a level of transparency that does not put private equity at a significant disadvantage compared to sovereign wealth funds, and we have come to a better place on depository liability, where we are not concentrating systemic risk. All in all, no one would say it is a perfect directive, but I think we have achieved a workable compromise. I hope that the majority of Parliament will support Mr Gauzès, the rapporteur, and the other shadow rapporteurs in the work we have done."@en1
lpv:spokenAs	vice-chair; AFCO (2009-07-20--2011-02-01)3 substitute; INTA (2009-07-21--2012-01-18)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; PECH (2009-07-14--2013-11-18)3 substitute; ECON (2009-07-21--2011-06-07)3 substitute; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 member; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-16--2012-02-01)3 unknown; Conservative Party (2009-07-14--2014-06-30)3 substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3
lpv:unclassifiedMetadata	"Syed Kamall,"1 "on behalf of the ECR Group."1
lpv:videoURI	<go to Events_and_structure europarl>2

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