Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-384-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120912.22.3-384-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Mr President, a central bank does need the power to oversee banks. In the UK, the socialist government gave away that power and it was a very expensive mistake. Therefore, the euro zone central bank supervision of euro zone banks makes some sense for the euro zone but not for those of us who are outside the euro zone. Also you cannot have strong supervision without strong rules. In our backroom negotiations on banking rules we are going round and round in circles. Sometimes a single rulebook is far from a single market and it feels as if, within that market, each market stallholder is setting their own standards. Sometimes those are far from the global minimum standards. In the cross-border world of banking that exposes us all to risk.
The UK supported the EBA to be a police enforcer to pull up standards across the single market. We must not confuse the role of the ECB as supervisor with that of the EBA as single market enforcer. Votes matter. If the ECB was to block-vote against the non-euro zone Member States and that was perceived as trying to drop standards within Europe, then that would undermine the euro zone even further. So the votes will matter."@en1
|
| lpv:spokenAs | |
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples