Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-918"

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"en.20100922.20.3-918"2
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"The establishment of one or more authorities is necessary but is insufficient to detect signs of anomalies and forecast the onset of problems in the financial markets. The second step consists of calibrating these authorities so that they are assigned functions and tasks which are not redundant, but concrete and achievable. The new institutions are not designed to point the finger and pick out those responsible and punish them, but to study the markets and flag up critical situations, and highlight undesirable trends and behaviours, thereafter proposing solutions. The objective should not be sanctions, because no pecuniary punishment can ever restore confidence. Rather, we must focus on problem prevention, on pre-emptive solutions, and on the identification of those indicators which – more than others – reveal the emergence of possible problems. This report analyses the following critical situations and seeks to resolve them, by designing a mechanism which and based on our knowledge of financial mechanisms, has a very high chance of working well."@en1
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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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