Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-19-Speech-1-147-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-11-19"^^xsd:date2
dcterms:Is Part Of	lp_eu:Shadow banking (short presentation)2
dcterms:Language	"sk"^^xsd:language2
lpv:document identification number	"en.20121119.22.1-147-000"2
lpv:hasSubsequent	lp_eu:2012-11-19-Speech-1-148-0002
lpv:speaker	lp:Monika Beňová2
lpv:spokenAs	unknown; SMER-Sociálna demokracia (2009-07-14--2014-06-30)3 member; Delegation for relations with Israel (2009-09-16--2014-06-30)3 member; S&D (2012-01-19--2014-06-30)3 substitute; AFET (2012-01-19--2014-06-30)3 member; CRIM (2012-03-28--2013-10-23)3 member; LIBE (2012-01-19--2014-06-30)3
lpv:translated text	"Mr President, shadow banking as such takes place via entities or financial contracts generating a combination of bank-like functions but outside the regulatory perimeter or under a regulatory regime that is either insufficiently thorough or addresses issues other than systemic risks. Regulated entities in the regular banking system take part extensively in those activities defined as part of the shadow banking system, and are, in many ways, interconnected with shadow banking entities. Estimates suggest that the size of the global shadow banking system in 2011 was approximately EUR 51 billion. This represents up to 30 % of the total financial system and half of total bank assets. Moreover, shadow banking has been identified as one of the main possible triggers or factors contributing to the financial crisis, and can threaten the stability of the financial system. Therefore, we need complete oversight of shadow banking."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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