Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-369-000"
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"en.20121025.28.4-369-000"2
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"Mr President, I would also like to congratulate the rapporteur and the other Members who have done a very good job on this reform.
The financial crisis has increased due to the existence of complex and strange transferable securities that are linked to derivative instruments and negotiations outside the official markets, with the aim of achieving high profits very quickly.
We need to attract financial transactions to a transparent market in order to guarantee good forming of prices and competition between transferable products. Above all, however, it is vital that the information provided is understandable to investors, who must have full knowledge in order to freely give consent to the risks they are taking on.
There is no point in transparency shedding light on the situation if confusion regarding the configuration of transferable products blinds the public’s understanding."@en1
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