Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-356-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-10-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:Markets in financial instruments and repeal of Directive 2004/39/EC - Markets in financial instruments and amendment of the EMIR Regulation on OTC derivatives, central counterparties and trade repositories (debate)2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20121025.28.4-356-000"2
lpv:hasSubsequent	lp_eu:2012-10-25-Speech-4-357-0002
lpv:speaker	lp:Theodor Dumitru Stolojan2
lpv:spokenAs	member; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2011-10-26--2014-06-30)3 unknown; Partidul Democrat-Liberal (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the countries of Central America (2011-10-25--2014-06-30)3 vice-chair; ECON (2012-01-23--2014-06-30)3 substitute; BUDG (2012-01-19--2014-06-30)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; Delegation to the EU-Moldova Parliamentary Cooperation Committee (2011-10-26--2014-06-30)3 member_of_the_bureau; EPP (2009-07-14--2014-06-30)3
lpv:translated text	". Mr President, first of all, I would like to congratulate Mr Ferber on the two reports submitted for discussion today. Thanks to the rapporteur’s particularly hard work, these two reports have been supported by all members of the Committee on Economic and Monetary Affairs. I express my hope that the European Parliament will vote in plenary by a large majority in favour of these two reports. I express this hope because both European regulations will close the regulatory loopholes in the markets where complex financial instruments, such as financial derivatives, are traded. I would like to underline that in my country, Romania, there was recently a major scandal caused precisely by transactions involving financial instruments in markets lacking in transparency which are not supervised by the authorities. These transactions caused losses to the investors and seriously affected the credibility of Romania’s stock exchange and supervisory authorities, even though the transactions concerned were not subject to supervision and were not linked to the Romanian stock exchange. Furthermore, investors have extremely limited opportunities to take the people who conducted these transactions to court in those cases where they breached the mandate given to them by investors. This is why I will vote in favour of both reports, so that the markets for OTC instruments and other platforms for trading financial instruments which are not subject to regulation and supervision can become transparent, protect investors’ interests and come under the supervision of the authorities in this sector. ( )"@en1
lpv:unclassifiedMetadata	"The speaker agreed to take a blue-card question under Rule 149(8)"1
lpv:videoURI	<go to Events_and_structure europarl>2

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