Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-971"
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"en.20101111.21.4-971"2
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"The recent difficulties in the financial markets have shown that many of the strategies deployed by managers of alternative investment funds are vulnerable to some or even many risks affecting investors, other market players and the markets themselves. I voted in favour of Parliament’s position as I agree that it is necessary to ensure that the actions of alternative investment fund managers should be subject to rigorous scrutiny in terms of governance. Alternative investment fund managers should be managed and organised in such a way as to minimise conflicts of interest. I agree that the organisational requirements established under the present directive should not affect the systems and controls imposed by national law for the registration of individuals working within or for investment firms. It is necessary to clarify the powers and duties of the competent authorities responsible for implementing this directive and to strengthen the mechanisms needed to ensure effective cross-border cooperation in the field of monitoring."@en1
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