Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-03-Speech-4-498-000"
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"en.20110203.25.4-498-000"2
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"The 2008 financial crisis clearly showed the need for European Supervisory Authorities to coordinate the regulation and supervision of the finance sector in the European Union. With today’s vote to accept the three heads of these new Authorities we are giving the green light for them to get down to work. We have also seen over the last two years that parts of the financial services industry are intent on resisting necessary new rules and regulations. During the hearing process I have therefore asked the candidates to commit to the highest standards of transparency and open government. To maintain public confidence and trust in these new Authorities, they must be able to do their job in an independent, fair and objective way. It is essential to ensure that these fledgling institutions are not bullied into weakening or undermining key rules to reform the finance sector. I therefore welcome the commitment of the candidates to work to the highest principles of transparency, including disclosing the outcome of regulatory meetings with lobbyists and industry representatives."@en1
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