Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-312-750"

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"en.20120913.29.4-312-750"2
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"I supported the resolution on the creation of a banking union. The Commission presented its proposal for banking supervision on 12 September. It was on this occasion that Parliament expressed its position on the subject: if we want to prevent new financial crises and stabilise the euro area in the long term, it is essential to have better supervision in the banking sector, particularly through the European Central Bank (ECB) and the European Banking Authority (EBA). However, what we especially wanted to show in this text is that Parliament’s prerogatives must absolutely be respected in these future mechanisms. The specific missions entrusted to the ECB and the EBA must be the subject of strict democratic controls, without which the banking union proposal would be void of substance. We will stand our ground on this point."@en1

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