Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-993"

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	"fi"^^xsd:language2
lpv:document identification number	"en.20101110.16.3-993"2
lpv:hasSubsequent	lp_eu:2010-11-10-Speech-3-1622
lpv:speaker	lp:Sirpa Pietikäinen2
lpv:spokenAs	substitute; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 substitute; FEMM (2009-07-16--2012-01-18)3 member; EPP (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 unknown; Kansallinen Kokoomus (2009-07-14--2014-06-30)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; ENVI (2009-07-16--2012-01-18)3
lpv:translated text	"Ladies and gentlemen, I would first like to congratulate the rapporteur, Mr Gauzès, for his excellent work on this complex, technical and controversial report. When it appeared, the Commission’s proposal on alternative investment fund managers provoked passion, criticism and praise in various quarters. It was criticised heavily and for having been drafted in secret. I myself thought that its biggest weakness was that it mixed two product clusters – different in terms of their nature and therefore their risks – in the same directive. These were private equity funds and hedge funds. One focuses on a speedy return, while with the other, the investment matures over a longer period. The risks are associated specifically with the first. The debate on the directive by Parliament and the Council resulted in a compromise – not a perfect one, but an acceptable one all the same. The directive on alternative investment fund managers constitutes an important part of the new system for financial regulation and supervision. We nevertheless have to remember that financial supervision will need to improve even after this directive has been adopted."@en1

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