Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-493-000"
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"en.20120313.21.2-493-000"2
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"When preparing one of these texts – and there are around 30 of them – we are a legislative pipeline with you. Around a dozen of them have already been approved, including this week in fact, thanks to you, the regulation on short selling, soon to be followed by the regulation on the key derivatives sector. As far as insurance is concerned, we are working on the measures for the technical implementation of Solvency. We are also working on pension funds.
I take a great deal of time, Ms Ford, to listen to everyone. Very recently, I was involved in a major conference on pension funds, which was attended by hundreds of people. We have to take the time to study, to listen, to consult the impact studies. Then, in a few weeks, we will publish the cumulative study on all of this legislation.
We can always do more. However, I just want to say that we are paying very close attention to this issue, and I told you myself that I am concerned about the impact of all of these measures on growth. Nonetheless, in general, I think that if we work well together, we are going to establish sound and solid bases for Europe’s financial services, and that will give us a competitive edge.
What has curbed growth for four years is the absence of rules, the absence of transparency, the absence of responsibilities in many companies in the financial sector. We are in the process of restoring those rules and I can tell you that I am paying very close attention to the impact of these measures on growth."@en1
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