Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-498-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Energy market integrity and transparency (debate)2
dcterms:Language	"de"^^xsd:language2
lpv:document identification number	"en.20110913.40.2-498-000"2
lpv:hasSubsequent	lp_eu:2011-09-13-Speech-2-499-0002
lpv:speaker	lp:Othmar Karas2
lpv:spokenAs	member; ECON (2009-07-16--2012-01-18)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; AFET (2011-04-06--2011-12-14)3 substitute; IMCO (2009-07-16--2012-01-18)3 vice-chair; EPP (2009-11-25--2012-02-02)3 substitute; Delegation for relations with Japan (2009-09-16--2014-06-30)3 member; Delegation for relations with Canada (2009-09-16--2014-06-30)3 unknown; Österreichische Volkspartei (2009-07-14--2014-06-30)3
lpv:translated text	"Mr President, Mr Oettinger, ladies and gentlemen, what we need to do, and this is more important than ever, is to ensure that the energy markets are made more transparent and are monitored more effectively and that any attempt to manipulate or abuse the markets is uncovered and punished. We need an internal energy market and we must overcome the existing boundaries. Only clear rules on transparency and uniform sanctions throughout the whole of Europe will enable us to overcome the current boundaries and prevent abuse. Our aim with this regulation is to create an instrument to stop market abuse in the energy sector. It proposes a common European approach to the ban on insider trading and market manipulation in the wholesale energy markets for all electricity and natural gas products not covered by the Market Abuse Directive. It is fortunate that we are not providing for the costs of data collection in this report, that the boundary costs will not be transferred, and that the harmonisation of penalties across the Member States has been included at the instigation of the European Parliament, in order to prevent forum shopping. As far as the scope of the regulation is concerned, it is clear that wholesale energy markets should include not only the organised energy exchanges but also the unregulated markets, because their transactions could have an influence on trading on the energy exchanges. This approach will reinforce the integrity of the market and strengthen consumer confidence."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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