Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-306-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-06-08"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20110608.20.3-306-000"2
lpv:hasSubsequent	lp_eu:2011-06-08-Speech-3-307-0002
lpv:speaker	lp:Crescenzio Rivellini2
lpv:spokenAs	member; CONT (2009-07-16--2012-01-18)3 substitute; ENVI (2009-07-16--2012-01-18)3 member; Conference of Delegation Chairs (2009-09-29--2014-06-30)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-05)3 member; EPP (2009-07-14--2014-06-30)3 member; PECH (2009-07-16--2012-01-18)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 chair; Delegation for relations with the People's Republic of China (2009-09-29--2014-06-30)3
lpv:translated text	"I should like to offer my congratulations on the excellent work carried out by Mr Klinz. I call on the rating agencies to shed further light on how they determine their sovereign ratings, while also asking the sector to explain their methodologies and why their ratings diverge from the forecasts of the main international financial institutions. Another controversial issue is the structure to be put forward to counterbalance the three largest rating agencies at European level, which are felt to have a disproportionate influence on our market. Hence, I call on the Commission to carefully assess the opportunity for a completely independent credit rating foundation, which should be provided with seed funds to cover a maximum of five years. Lastly, it is essential to look at the ways to make rating agencies subject to civil liability for their ratings. I would therefore ask the Commission to identify the ways in which rating agencies could be held liable under the civil law of the Member States."@en1

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