Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-337"

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"en.20101215.23.3-337"2
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"I voted in favour of the report on the introduction of centralised supervision of credit rating agencies. I am in complete agreement with the content of Mr Gauzès’ report on the proposal for a regulation which sets out a model for the centralised supervision of credit rating agencies by the European Securities and Markets Authority (ESMA), especially given the significant mobility of services provided by credit rating agencies and their instantaneous impact on the financial markets. Centralised supervision could lead to increased transparency in the world of credit rating agencies and could promote greater competition between the different agencies. That is the reason why I voted in favour of the report. However, I am concerned that the proposed period during which all the changes regarding the transfer of competencies and duties from the relevant supervisory bodies in the Member States to ESMA is too short, and so I think it should be extended."@en1

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