Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-256-250"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-10-26"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20121026.23.5-256-250"2
lpv:hasSubsequent	lp_eu:2012-10-26-Speech-5-256-5002
lpv:speaker	lp:Sergio Paolo Francesco Silvestris2
lpv:spokenAs	substitute; BUDG (2012-01-19--2014-06-30)3 member; AGRI (2012-01-19--2014-06-30)3 substitute; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2014-06-30)3 member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 member_of_the_bureau; EPP (2012-02-03--2014-06-30)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-11)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3
lpv:translated text	". The Markets in Financial Instruments Directive (MiFID) establishes a legal framework aimed at regulating the provision of investment services, so enabling investors to be offered a high level of protection and allowing investment firms to provide services throughout the Union. Directive 2004/39/EC also increased transparency and competition in the markets and improved investor protection. However, I feel that consideration should be given to problems that have arisen in recent times, with greater competition emerging between trading venues for financial instruments and investors having more choice in terms of service providers and available financial instruments. In fact, the benefits arising from greater competition are not evenly distributed among all market participants, and have not always been passed on to the end investors. All this means that the provisions contained in the Directive under examination are now out of date. The purpose of re-examining the MiFID Directive is to update the current regulations and bring them into line with market developments, including the financial crisis and technological developments, and also to improve their efficiency. That is why I voted in favour."@en1

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