Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-09-Speech-4-119"

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"en.20081009.21.4-119"2
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"Mr President, also as an acknowledgement of the frantic search by EU Member States to rescue the banking system, but not in a sufficiently coordinated way, we have thought that it makes sense to introduce this amendment. It reads: ‘whereas the increasing cross-border nature of banking in Europe and the need to respond in a coordinated way to adverse shocks, as well as the need to deal with systemic risks effectively, require divergences between the national regimes of Member States to be reduced to the greatest extent possible; whereas there is a need to move beyond the studies that the European Commission has already carried out in this regard and to amend Directive 94/19/EC as soon as possible to provide the same level of protection for bank deposits across the whole European Union in order to preserve financial stability and depositors’ confidence and avoid distortions of competition’."@en1
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