Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-293-281"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-03-08"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20110308.22.2-293-281"2
lpv:hasSubsequent	lp_eu:2011-03-08-Speech-2-293-3122
lpv:speaker	lp:Louis Grech2
lpv:spoken text	"The report on ‘innovative financing’ sends a strong message to the financial institutions and, in particular, to the banking industry, that it is time to further regulate the financial sector, holding banks administratively responsible and legally accountable for their negligent actions and ineffective risk management practices. It has become evident that the financial services market is often incapable of regulating itself sufficiently and that the quality of consumer protection and safeguards in the financial services sector require tangible and strong improvement, particularly with regard to the monitoring and supervisory aspects. The current situations might be used as a window of opportunity to strengthen the financial services industry and to restore citizens’ and consumers’ confidence in the sector, as they are now the ones footing the bill for the big blunders and bailing out the major financial institutions. Having said that, the Commission should first evaluate the impact which a tax on financial transactions will have on the European economy, because any future proposals should not be based solely on decisions taken on impulse to address the buzzword of the moment, but should consist of a pragmatic approach that will prove to withstand the stresses of time and will restore the trust of the European citizens in the financial markets."@en1
lpv:spokenAs	substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2013-03-12)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3 member; Delegation for relations with Australia and New Zealand (2009-09-16--2013-03-12)3 substitute; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2013-03-12)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2013-03-12)3 unknown; Partit Laburista (2009-07-14--2013-03-12)3 member; S&D (2009-07-14--2013-03-12)3 substitute; BUDG (2009-07-16--2012-01-18)3 vice-chair; IMCO (2009-07-16--2012-01-18)3
lpv:unclassifiedMetadata	"Louis Grech (S&D ),"1 "in writing."1

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