Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-04-16-Speech-3-366-000"
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"en.20140416.53.3-366-000"2
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"Settlement is the last stage in the process of conducting a trade, and while less in the limelight that the actual business of trading on stock markets, it is no less vital to the functioning of our capital markets. I hope that the outcome of CSDR will bring down the cost of settlement across the EU and make the whole system more efficient. In order to create a functioning single market in financial services across the EU, we need to ensure that those parts of the system that can be brought together in a mutually-beneficial way are brought together as quickly as possible. As rapporteur on the file I am confident that we have set in place the right framework for the European Securities and Market Authority to fill in the final details, and I will be following their work closely in the coming months to ensure that the political agreement is fulfilled."@en1
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