Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-08-Speech-3-091"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-10-08"^^xsd:date2
dcterms:Is Part Of	lp_eu:Lamfalussy follow up - Future Structure of Supervision (debate)2
dcterms:Language	"de"^^xsd:language2
lpv:document identification number	"en.20081008.15.3-091"2
lpv:hasSubsequent	lp_eu:2008-10-08-Speech-3-0922
lpv:speaker	lp:Wolf Klinz2
lpv:spokenAs	member; Delegation to the EU-Mexico Joint Parliamentary Committee (2004-09-15--2009-07-13)3 substitute; IMCO (2007-02-05--2009-07-13)3 member; ECON (2007-01-31--2009-07-13)3 substitute; Delegation for relations with Australia and New Zealand (2007-03-15--2009-07-13)3 substitute; Delegation for relations with Switzerland, Iceland and Norway and to the European Economic Area (EEA) Joint Parliamentary Committee (2004-09-15--2009-07-13)3 unknown; Freie Demokratische Partei - Die Liberalen (2004-07-20--2009-07-13)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2007-05-23--2009-07-13)3 member; ALDE (2004-07-20--2009-07-13)3
lpv:translated text	"Mr President, Commissioner, ladies and gentlemen, at the start of this decade, Baron Lamfalussy presented a report in which he suggested ways in which supervisory authorities in Europe could cooperate better and more intensively. At the time, the Council welcomed these suggestions, but did nothing about them. If the financial crisis that we are currently experiencing has a positive side, then perhaps it is that the topic of improving supervision has moved to the top of the agenda. It is surprising, however, that it takes a report from the Committee on Economic and Monetary Affairs according to Rule 39 for the Commission to start to tackle this topic seriously. What is certain is that we can face the challenges of an integrated and growing financial market successfully only if supervision develops increasing convergence and becomes increasingly integrated. In the meantime, 58 of the 100 financial conglomerates are now active across borders. That statistic alone shows how much has to be done! The report by the two rapporteurs points in the right direction. Mrs Kauppi alluded to it: the wide-ranging establishment of colleges to supervise cross-border financial conglomerates; the strengthening of the Level 3 committees. That is fine, but it should also be remembered that the small Member States are often represented in these colleges only as a host country supervisor and that it is therefore important to take proper account of their interests. In the short and medium term there are probably no other ways to improve the situation; in the medium to long term it will not be enough. We must have a system that earns the right to be called a European supervisor, and this system should align itself with that of the European central banks."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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