Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-22-Speech-3-043"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2009-04-22"^^xsd:date2
dcterms:Is Part Of	lp_eu:Credit Rating Agencies - Reporting and documentation requirements in the case of merger and divisions - Insurance and reinsurance (Solvency II) (recast) (debate)2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20090422.4.3-043"2
lpv:hasSubsequent	lp_eu:2009-04-22-Speech-3-0442
lpv:speaker	lp:Antolín Sánchez Presedo2
lpv:spokenAs	member; PES (2004-07-20--2009-07-13)3 member; Delegation for relations with Japan (2007-03-14--2009-07-13)3 substitute; AFET (2007-01-31--2009-07-13)3 unknown; Partido Socialista Obrero Español (2004-07-20--2009-07-13)3 substitute; Delegation for relations with the United States (2007-03-14--2009-07-13)3 member; ECON (2007-01-31--2009-07-13)3
lpv:translated text	"Madam President, the package of measures on credit rating agencies, insurance and company mergers and divisions is a first step in boosting the confidence and efficiency of the financial markets. It is in line with the principles endorsed by the European Union and the G20 of reinforcing transparency, responsibility and integrity within the financial markets and places the European Union in a position of international leadership. For this reason, I support the measures, even though we will have to go further. The failings of the credit rating agencies are one of the causes of the financial crisis: self-regulation is not enough. The regulation plays a pioneering role in introducing registration, responsibility and monitoring of the agencies, in tackling conflicts of interests, improving working methods and the quality of various types of qualifications, including those from non-EU countries. A future revision of payment systems and the creation of a European public agency are still to be dealt with. The directive on solvency codifies all the existing on private insurance and incorporates technical advances on improved risk management that will give impetus to innovation, improve resource use and increase the protection of insured persons and financial stability within the sector. The new framework for the supervision of insurance groups takes a prudent line, open to further development. The creation of supervisory bodies is a step forward in the process of the integration and reinforcement of European financial supervision, which must continue to advance and could be a model that could become a world standard. Parliament will monitor and promote its development. Finally, the amendment of various directives in relation to reporting and documentation requirements in the case of mergers and divisions is a form of legislative simplification, and highlights the fact that the aim of reducing burdens on businesses by 25% can perfectly well be combined with strengthening the rights of the public and shareholders, provided that information and communication technologies are used."@en1
lpv:unclassifiedMetadata	"acquis"1
lpv:videoURI	<go to Events_and_structure europarl>2

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