Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-19-Speech-1-146-000"
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"en.20121119.22.1-146-000"2
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"Mr President, this subject could not be more topical, since it comes at the same time as the regulation of bank capital requirements, the development of banking supervision and the practical implementation of the European Semester. The European Union is clearly making an effort to evaluate the reasons behind the financial crisis that has developed so as to avoid or prepare for any financial events in the future. We must pay attention to ensuring that shadow banks operate in a transparent manner that does not cause systemic risks in the future. It is common knowledge that, although their activities may stimulate trade and act as a stimulus for liquidity flow, they are also capable of causing great damage at the same time, in the absence of a protection network for the traditional banking system. In actual fact, the key is to take precautions and to prevent shadow banking based on hedge funds, money-market funds and investment instruments from threatening European banks and exposing money markets to systemic risk. The goal is clear; we still have time to develop the means."@en1
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