Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-104"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-09-22"^^xsd:date2
dcterms:Is Part Of	lp_eu:Financial supervision package (debate)2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20100922.4.3-104"2
lpv:hasSubsequent	lp_eu:2010-09-22-Speech-3-1052
lpv:speaker	lp:Nuno Teixeira2
lpv:spokenAs	substitute; TRAN (2009-07-16--2012-01-18)3 member; REGI (2009-07-16--2012-01-18)3 member; EPP (2009-07-14--2014-06-30)3 substitute; Delegation for relations with South Africa (2009-09-16--2014-06-30)3 member; Delegation for relations with the Mercosur countries (2010-01-18--2014-06-30)3 substitute; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3 unknown; Partido Social Democrata (2009-07-14--2014-06-30)3
lpv:translated text	"The weaknesses of financial regulatory and supervisory bodies around the world gave rise, to some extent, to the difficulties that we have been experiencing in the European Union and the euro area. The need to activate plans to bail out the economy and families was a decisive factor in the marked increase in government deficits. The package we are debating today is the concrete result of a new financial supervision architecture in Europe, based on the creation of institutions and mechanisms designed to provide both macro-prudential supervision – that is to say, supervision of risks affecting the entire European financial system – and micro-prudential supervision of banking, insurance and the property markets, in coordination with the network of national supervisors. There are also other areas where it is hoped that the European supervisory authorities will contribute to financial stability, in particular, by centralising in one institution the supervision of EU-registered credit rating agencies, the promotion of mandatory technical standards and the mediation of conflicts between national supervisors. Additionally, this new supervisory architecture may also contribute to the success of new Union mechanisms for economic, budgetary and social planning, coordination and supervision within the European Union."@en1

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