Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-158"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20100922.20.3-158"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Mr President, I would like to congratulate all the rapporteurs on their work on this package of highly significant reforms to the supervision of Europe’s financial sector. This overhaul of the EU’s financial architecture has been a huge undertaking for the Committee on Economic and Monetary Affairs.
The crisis has demonstrated that our regulatory framework was not robust enough, that markets do not always self-correct and, worse, that they were exposed to unmonitored systemic risks. I am particularly happy to see the establishment of the European Systemic Risk Board, whose mandate is to act as an early warning against systemic risks or imbalances.
With regard to the ESAs, I am satisfied that a balance has been found that does not weaken the role of Member States. We must now ensure that the three institutions have the staffing and resources they need to be able to do the job properly.
In conclusion, Parliament has put enormous effort and political will into a compromise with the Council to ensure that this urgently needed package of reforms has now been agreed and should be in place in early 2011."@en1
|
| lpv:spokenAs | |
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples