Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-24-Speech-3-259"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-09-24"^^xsd:date2
dcterms:Is Part Of	lp_eu:Situation of the world financial system and its consequences on the European markets (debate)2
dcterms:Language	"de"^^xsd:language2
lpv:document identification number	"en.20080924.31.3-259"2
lpv:hasSubsequent	lp_eu:2008-09-24-Speech-3-2602
lpv:speaker	lp:Karsten Friedrich Hoppenstedt2
lpv:spokenAs	member; Delegation for relations with the People's Republic of China (2007-03-14--2009-07-13)3 member; ECON (2007-01-31--2009-07-13)3 substitute; ENVI (2007-01-31--2009-07-13)3 member; EPP-ED (2004-07-20--2009-07-13)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2007-05-23--2009-07-13)3 unknown; Christlich Demokratische Union Deutschlands (2004-07-20--2009-07-13)3 substitute; Delegation for relations with the countries of the Andean Community (2007-03-14--2009-07-13)3
lpv:translated text	") Mr President, over the last few days, we have seen great turbulence in the US financial system, and that is putting it mildly. One of the major news items was that the company Lehman Brothers Holdings was forced to file for bankruptcy protection from creditors. I would like to make two points in this context. Firstly, the US is planning a massive support package. However, this will not end the crisis or protect us from further surprises as events continue to unfold. Secondly, yes, it is necessary to determine which regulatory mechanisms could be improved and where more transparency could be created. Unfortunately, though, more and better regulation will not rule out all the unpleasant surprises that might occur in the financial markets in future, because we are not familiar with all the existing banking mechanisms. Why do I say that? Let me give you an example. Surprises can arise, for example, in the netting agreements between banks, which are very important in minimising risk. Of course, banks can only take netting agreements into account in risk assessment if these agreements are enforceable in law. Could better rules in future rule out any uncertainty about the validity of netting agreements? I do not think so. In my view, therefore, even sound and reliable regulations will not rule out unpleasant surprises in future."@en1
lpv:unclassifiedMetadata	"(DE"1 "Karsten Friedrich Hoppenstedt (PPE-DE ). -"1
lpv:videoURI	<go to Events_and_structure europarl>2

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph