Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-268-859"

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"en.20110405.13.2-268-859"2
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"As is known, it is impossible to find out what export credit agencies (ECAs) finance or have financed in the past. Some national ECAs do not even report the overall balance of their annual operations regularly. Many others do not report disaggregated data of their sectoral lending or the geographical distribution. This is in spite of transparency requirements in the Organisation for Economic Cooperation and Development (OECD) Arrangement of 2005, which all EU Member States adhere to, and which shall now be transferred into EU law. The OECD Arrangement does not contain the requirements needed to guarantee the fair pricing of premiums since it entails no disciplines with regard to transparency and minimum standards in the application of social and environmental risk calculations. There are proposals to tidy up transparency requirements on risk calculations, disclose off-balance sheet vehicles, make the notification of social and environmental risk calculations mandatory and to establish a requirement for the EU Member States to annually report to the Commission on the activities of their ECAs in these regards. I therefore voted in favour of this document, because it will introduce more transparency and standards in the application of social and environmental risk calculations."@en1

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