Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-966"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-11-11"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20101111.21.4-966"2
lpv:hasSubsequent	lp_eu:2010-11-11-Speech-4-9652
lpv:speaker	lp:Nuno Melo2
lpv:spokenAs	member_of_the_bureau; EPP (2009-07-14--2014-06-30)3 member; LIBE (2009-07-16--2012-01-18)3 vice-chair; Delegation for relations with the Mercosur countries (2009-09-30--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-09-16--2014-06-30)3 substitute; DROI (2009-07-16--2012-01-18)3 unknown; Partido Popular (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"The financial crisis which occurred in 2007 was led by major investment banks which had a series of alternative investment funds, or hedge funds, in their portfolio. These were not supervised and often consisted of assets of doubtful value. The crisis reflected this situation, and now it is necessary to take concrete measures to ensure that new crises do not recur in the future, caused by financial mechanisms that no one controls and that often cannot be quantified. This directive approves a series of standards which, in being met, will make these financial mechanisms more transparent and able to be controlled, and thus act as another source of funding for the European economy, rather than the reason for its collapse."@en1

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