Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-02-04-Speech-2-284-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2014-02-04"^^xsd:date2
dcterms:Is Part Of	lp_eu:Criminal sanctions for insider dealing and market manipulation (A7-0344/2012 - Arlene McCarthy)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20140204.43.2-284-000"2
lpv:hasSubsequent	lp_eu:2014-02-04-Speech-2-285-0002
lpv:speaker	lp:Charles Tannock2
lpv:spoken text	"Mr President, as an MEP for London, home to one of the world’s largest financial centres, the City, this is an issue that is very important. It is worth noting, however, that the ethical conduct of financial institutions in places like London does have effects which go far beyond their own confines. The 2008 credit crunch and the subsequent revelations of dubious practices in the banking industry have been a stark reminder that an unregulated light-touch regime does not always deliver the prosperity, respect and transparency that it promises. Whether one considers the Libor scandal or the cases involving HSBC and money laundering, we can see that this approach can lead to malpractice. I am pleased to note that the UK and the FCA now impose some of the most severe criminal sanctions against those found guilty of insider trading and market manipulation in Europe. However, the number of prosecutions and convictions for misconduct still remains very low. The proposal in this report will see the minimum criminal penalties for these practices now increased, by consensus across the Union, creating a more level playing field, which I support."@en1
lpv:spokenAs	substitute; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 member; DROI (2012-01-19--2014-06-30)3 vice-chair; Delegation for relations with the NATO Parliamentary Assembly (2009-09-29--2014-06-30)3 member; AFET (2012-01-19--2014-06-30)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; PECH (2009-07-14--2014-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2012-03-28--2014-06-30)3 substitute; SEDE (2012-01-19--2014-06-30)3 unknown; Conservative Party (2009-07-14--2014-06-30)3 member; Delegation to the EU-Chile Joint Parliamentary Committee (2012-03-28--2014-06-30)3
lpv:unclassifiedMetadata	"Charles Tannock (ECR ). -"1
lpv:videoURI	<go to Events_and_structure europarl>2

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