Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-423"

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	"de"^^xsd:language2
lpv:document identification number	"en.20100706.28.2-423"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-4242
lpv:speaker	lp:Thomas Mann2
lpv:spokenAs	vice-chair; Delegation for relations with the countries of South Asia (2009-09-30--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 vice-chair; EMPL (2009-07-16--2012-01-18)3 unknown; Christlich Demokratische Union Deutschlands (2009-07-14--2014-06-30)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2010-03-08--2011-07-31)3 substitute; Delegation for relations with India (2009-09-16--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3
lpv:translated text	"Madam President, an effective European banking supervisory authority, as presented in the report from Mr García-Margallo y Marfil, will contribute to the architecture of a new financial control system. We want to keep systemic risks permanently to a minimum. To do this, we obviously need the banks’ equity base, which has to be strengthened, among other reasons, in order to carry out business activities entailing less risk. However, precedence is given to national supervisory authorities, which are finally cooperating with each other and keeping each other fully informed, thereby preventing risky transactions. The importance of own national interests, as stipulated by some EU finance ministers, must take a back seat. It would be disastrous if even one Member State stepped out of line, and this does not just refer to countries in the euro area. The Presidency of the Council, which happens to be absent, must assume responsibility for conducting a close dialogue with the European Parliament and the Commission and for redirecting the current national thinking towards joint, consistent, long-term action. For the sake of taxpayers, we need more involvement from Europe, not less."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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