Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-259-875"
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"en.20121026.23.5-259-875"2
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".
The report in question, prepared by Markus Ferber, focuses on the proposal for a regulation of the European Parliament and of the Council on Markets in Financial Instruments and amending the European Market Infrastructure Regulation (EMIR) on over-the-counter derivatives, central counterparties and trade repositories. At present, after much having been said and written about the actual cause of the current economic and financial crisis, the conclusion is unanimous: financial speculation! To prevent such a crisis in the future, it is becoming urgent to adopt measures and implement rules that promote security and transparency in financial transactions and offer guarantees to investors. There is no doubt that financial markets are necessary, but they must be secure and transparent. To achieve this, it is necessary to address all the existing shortcomings. I therefore welcome the safeguard clause, which will protect citizens. For many years, the financial markets have been working for the benefit of themselves and their institutions and not for the benefit of the real economy. I voted in favour of this proposal because it refocuses the financial markets on the real economy, supporting small and medium-sized enterprises, making the financial sector more credible and guaranteeing greater protection for the rights of consumers and investors."@en1
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