Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-284"
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"en.20100707.23.3-284"2
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"This is a dubious regulation insofar as two new supervisory authorities, the macro-prudential European Systemic Risk Board (ESRB) and the micro-prudential European System of Financial Supervision (ESFS), are being created. The ESRB will not be able to impose measures or penalties on Member States or financial institutions, and its warnings will not be binding. The ESFS should be guaranteed by the European Central Bank (ECB). I therefore voted in favour of referral back to committee."@en1
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