Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-249-375"
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"en.20121026.23.5-249-375"2
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".
I support this report. The texts deal with various aspects of the structure of the financial markets, the instruments and the participants, and in my view represent a very important step towards increasing transparency and guaranteeing a good price formation process on the European stock exchanges. We must ensure that transparency requirements for high-frequency trading firms are increased, so that everyone is aware of their technical trading. Another very important issue is that of ‘commodities’ and agricultural derivatives: this is an important political matter and it is crucial to establish provisions to reduce speculation in food markets. There must therefore be more transparency requirements and more stringent rules on the rights of asset managers in relation to their clients, and strict limitations must be imposed on the practice of ‘incentivisation’. With regard to this last point, Member States will have the option to ban incentives. This text makes a good commitment and constitutes a strong starting point for negotiations with the Council. I believe that the European Parliament’s text will increase transparency and reduce speculative practices with the overall aim of protecting investors and making financial markets more transparent and efficient."@en1
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