Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-376-093"
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"en.20110511.28.3-376-093"2
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"This report on corporate governance in financial institutions sets out a range of measures to be implemented in the companies governing financial institutions. In short, its aim is to draw conclusions from the global financial crisis triggered by the bankruptcy of the Lehman Brothers bank in autumn 2008, related to the inappropriate securitisation of US subprime mortgages. In order to prevent this situation from repeating itself, Parliament proposes that corporate governance must, particularly in the financial services sector, take account of the interests of other stakeholders – depositors, savers, life insurance policy holders, etc. – and of the stability of the financial system, owing to the systemic nature of many of the players involved. The most important of the measures proposed is the development of objective competence criteria to assess the suitability of candidates for controlled roles, taking into account the nature, complexity and size of the financial institution. I would like to align myself with this package of measures by voting for it, in the hope that the measures tabled by the Commission, and now by Parliament, will be sufficient to prevent the recurrence of situations like the one which we experienced in autumn 2008, and which is still being seen in the daily lives of the Portuguese people."@en1
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