Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-148"
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"en.20101110.16.3-148"2
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"Thank you, Mr President. Firstly, I would like to thank the representatives of the European Commission and the rapporteurs for a very important document. The financial and economic crisis has exposed shortcomings in the operation and monitoring of our financial system. Today, legislation is already being adopted in Europe establishing a strict system at EU level which will allow the activities of financial institutions to be monitored and assessed and appropriate recommendations and action to be taken if necessary. As for alternative funds, the supervision system should also apply to them. If we want to achieve greater and improved stability in the financial system, and increase the protection of investors, i.e. our citizens, then the activities of such funds must also be controlled and subject to supervision at EU level. The rules must be the same for everyone operating in this field and we must not leave gaps for uncontrolled activity. We must learn from previous mistakes and not repeat them. I believe that it is not just Europe that is learning from them, but all the countries of the world."@en1
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