Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-057-000"

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"en.20110704.20.1-057-000"2
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"Mr President, the report by Mr Stolojan is an excellent piece of work and underlines an urgent issue. We can say, based on the problems and as a result of the globalised and integrated status of the financial sector, that the previously applied monitoring methods and procedures have to be synchronised with the risks arising in the complex and extended financial conglomerates. I agree that the extensive contamination of financial conglomerates and the errors in the system will affect the situation of the financial sector in the long term as well. I absolutely support the amendment of the directive in order to restore trust, and I support the idea to prepare guidelines for transparency. The proposed stress tests will highlight the weaknesses of the system, and this is why I believe that the exposure to risks will definitely decrease in the near future."@en1
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