Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-414"

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"en.20100706.28.2-414"2
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"This crisis has shown that we need a better mechanism for regulating financial markets across borders and for supervising them. The main aim of the entire legislative package is to maintain financial stability within the EU, detect existing risks in the system in good time and protect investors. However, it is extremely important to avoid over-regulating the market, which could entail more red tape and even corruption. I believe that the three European supervisory authorities and the European Systemic Risk Board will help reinforce supervision at EU level. This is why it is important for Parliament, the Council and the Commission to reach a compromise as soon as possible on the proposals for improving regulation and supervision."@en1
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