Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-06-07-Speech-2-311-882"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2016-06-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:Markets in financial instruments (A8-0126/2016 - Markus Ferber)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20160607.27.2-311-882"2
lpv:hasSubsequent	lp_eu:2016-06-07-Speech-2-311-8902
lpv:speaker	lp:Matt Carthy2
lpv:spoken text	"I voted against this report which aims to amend a directive regulating of some of the financial instruments that contributed to the global financial crisis. The Markets in Financial Instruments Directive (MiFID) and the Regulation on Markets in Financial Instruments (MiFIR) were adopted in the aftermath of the crisis. MiFID and MiFIR (collectively referred to as MiFID II) cover securities markets, investment intermediaries and trading venues. The initial intention of this directive was to ‘quick fix’ the date of entry into application of MiFID II, which is scheduled to be applied in January 2017 after Member States transpose it by July 2016. But a number of Delegated Acts have been delayed and the Commission has proposed to postpone the application date by one year, until January 2018. While I understand the reasons for the postponement, the finance lobby, backed by Conservative MEPs and the Council, have tried to use the delay to revisit the content of the MiFID II in order to water down regulation of financial instruments. I oppose any further changes to the text of MiFID II by the European Parliament and the Council because deregulation of these instruments is exactly what caused the financial crisis."@en1
lpv:spokenAs	substitute; ECON (2014-07-01--2017-01-18)3 member; AGRI (2014-07-01--2017-01-18)3
lpv:unclassifiedMetadata	"Matt Carthy (GUE/NGL ),"1 "in writing. ‒"1

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