Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-970"

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"en.20101111.21.4-970"2
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"New rules for better economic governance are still being implemented but this nonetheless remains insufficient. By adopting, by a large majority, the report on alternative funds and capital investment, Parliament continues to implement new rules for better economic governance. Managers of alternative investment funds, which account for nearly USD 1 000 billion in assets, play an important role in the financing of the European economy. Although these funds are not directly at the root of the financial crisis, their management must not escape the need to regulate all actors in the financial services. Parliament has obtained the inclusion of new chapters on asset stripping and pay and has done a great deal to influence the rules regulating the passport system, responsibility of the depositary, requirements for own funds and recourse to leveraging."@en1

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