Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-396"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Specific tasks for the European Central Bank concerning the functioning of the European Systemic Risk Board - Powers of the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority - European Securities and Markets Authority - Macro-prudential oversight of the financial system and establishment of a European Systemic Risk Board - European Banking Authority - European Insurance and Occupational Pensions Authority - Cross-Border Crisis Management in the Banking Sector (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20100706.28.2-396"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-3972
lpv:speaker	lp:Sharon Bowles2
lpv:spoken text	"Madam President, despite good things in Solvency II, which we have already heard about, we shelved the group support regime due to concerns over its practicality in periods of economic stress, its interplay with national insolvency laws and mistrust of other countries’ supervisors. Crisis examples, such as Fortis Bank, exposed grounds for such suspicion and the need for a European supervisory architecture and discipline. Solvency II convinced me that cross-border insolvency and near-insolvency in financial institutions have to be tackled at the European level. This is challenging but it is a serious omission from the whole concept of the single market. The Ferreira report covers many of these issues, and I thank her for including my ideas on averting moral hazard from crisis funds and a 28th regime for insolvency of cross-border banks. Now, planning is everything, and contingency plans, living wills and resolution mechanisms will reveal a lot about the present as well as protecting the future."@en1
lpv:spokenAs	substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member_of_the_bureau; ALDE (2009-07-20--2014-06-30)3 member; Conference of Committee Chairs (2009-07-16--2012-01-18)3 chair; ECON (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 unknown; Liberal Democrats Party (2009-07-14--2014-06-30)3 substitute; JURI (2009-07-16--2012-01-18)3
lpv:unclassifiedMetadata	"Sharon Bowles,"1 "on behalf of the ALDE Group."1
lpv:videoURI	<go to Events_and_structure europarl>2

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