Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-487-000"

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"Mr President, when the Commission and Parliament join forces and when we have a Presidency which makes things move, then Europe will go in the right direction. The regulation on energy market integrity and transparency (REMIT) is a step forward to prevent the scandal of insider trading and manipulation. I think this is good for consumers, citizens and companies in Europe. However, there are two or three things which I think we now have to get right. The first, which Robert Goebbels mentioned, is sanctions. It is really important that the Commission keeps a very close eye on how sanctions are transposed nationally, because we do not want regulatory dumping to attract certain traders to certain places. This must be prevented. Secondly, we have put the Agency for the Cooperation of Energy Regulators (ACER) into the driving seat. We need a European referee for the European market, but it is clear that the 15 additional people at ACER envisaged in the original Commission document will not be able to do any more than just automatic screening. What we need at ACER is a preliminary analysis, because otherwise they will flood the national regulatory agencies with potential cases every day. This is not an intelligent way to proceed, nor a good use of time, for ACER or for the national regulators. So my question to you is how can we make sure that ACER gets enough staff? ACER also needs a very highly sophisticated and secure ICT system. It is not secure today and we need to secure it. There are three issues for which we Greens have fought hard. One is regional cooperation between the national regulatory agencies. That is now in the text. It is clear that the markets are regional and so we need more regional cooperation between regulatory authorities. The second concerns minimum requirements for trading floors. In future, we want all trading to take place on trading floors and for there to be less over-the-counter trade done in dark rooms. For this we need minimum requirements. Lastly, we have established ACER as a trade repository, which means that academics, not only in Europe but worldwide, can now follow what is going on in European electricity and gas trading. We have also established a link to CO trading, which means that there will be an increasing level of external expertise to help us see where the weaknesses in the system are. I would like to thank our negotiation team. I think this is an honest result of our efforts."@en1
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