Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-458"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Capital requirements for the trading book and for re-securitisations, and the supervisory review of remuneration policies - Remuneration of directors of listed companies and remuneration policies in the financial services sector (debate)2
dcterms:Language	"sv"^^xsd:language2
lpv:document identification number	"en.20100706.30.2-458"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-4592
lpv:speaker	lp:Olle Ludvigsson2
lpv:spokenAs	unknown; Arbetarepartiet- Socialdemokraterna (2009-07-14--2014-06-30)3 member; EMPL (2009-07-16--2012-01-18)3 substitute; ECON (2009-07-16--2012-01-18)3 substitute; Delegation for relations with Australia and New Zealand (2009-09-17--2013-01-10)3 member; S&D (2009-07-14--2014-06-30)3 member; Delegation to the EU-Former Yugoslav Republic of Macedonia Joint Parliamentary Committee (2009-09-16--2014-06-30)3
lpv:translated text	"Madam President, the area of bonuses and remuneration systems is one in which we have heard a great deal of rhetoric in recent years. On the other hand, there have been very few specific measures. It is therefore a positive move that we are now establishing legislation that is both clear and practicable. This legislation will most likely reduce the short-sighted and exaggerated risk taking in the financial sector. That will reduce the risk level and increase stability. The financial services industry should have removed the elements of the bonus systems that are damaging to society long ago, but since this has not happened, there is nothing else we can do but legislate. It is too risky for society to largely accept the status quo. Taxpayers have already paid out too much to cover losses in banks that have taken risks that were far too high. It is now vital that the directive is implemented properly in the Member States and that the regulations are used effectively, thereby helping to change the current bonus culture."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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