Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-437-125"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-07-05"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110705.34.2-437-125"2
lpv:hasSubsequent	lp_eu:2011-07-05-Speech-2-437-2502
lpv:speaker	lp:Rolandas Paksas2
lpv:spokenAs	vice-chair_member_of_the_bureau; EFD (2010-02-16--2012-01-26)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 member; PETI (2009-07-16--2012-01-18)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; ITRE (2009-07-16--2012-01-18)3
lpv:translated text	"The European single market must function harmoniously and we must constantly promote its integration and strengthen consumer protection. Consumers and depositaries must be sure that they are operating in a stable financial environment. We must establish an efficient compensation scheme and stronger common rules concerning funding at national level. It is crucial for investors with cross-border investments to enjoy the same level of protection in all Member States. I agree with the proposal that the level of compensation should be increased to EUR 100 000. Furthermore, in cases where an investment firm or a third party is in a state of insolvency, it is very important to facilitate the return of investors’ financial instruments. In order to strengthen investor protection, ensuring a level playing field for investors, we must above all improve the single European market for financial services and harmonise EU legislation. It is necessary to put forward long-term robust financing principles for investor compensation schemes, and to reduce the contributions to the schemes so that they would be regarded as mutual insurance mechanisms, rather than taxes or payments of a fiscal nature."@en1

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