Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-06-Speech-1-244"

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"en.20100906.19.1-244"2
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"Madam President, as you may know, last week we finished the negotiations on the financial supervisory package that will be voted on at the next plenary session. I am glad to tell you that we defended to the end the proposal that the President of the European Central Bank automatically become President of the European Systemic Risk Board for the first five years. In my opinion, this reform is very important. It means that the European Central Bank will be much more implicated in the financial supervision of the European financial markets and institutions. It also means that Mr Trichet, at his periodic hearings in this Parliament, will have to answer questions relating also to financial supervision, and not only to price stability. As a liberal, I believe more in reform than in revolution. Thanks to this reform, doing business as usual will be more difficult for the financial institutions that have generated this crisis."@en1
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