Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-399-187"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-11-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20121120.28.2-399-187"2
lpv:hasSubsequent	lp_eu:2012-11-20-Speech-2-399-2182
lpv:speaker	lp:Zigmantas Balčytis2
lpv:spokenAs	member; ITRE (2012-01-19--2014-06-30)3 member; S&D (2009-07-14--2014-06-30)3 unknown; Lietuvos socialdemokratų partija (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 substitute; TRAN (2012-01-19--2014-06-30)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 member; CONT (2012-01-19--2014-06-30)3
lpv:translated text	"− I voted for this motion for a resolution, which aims to ensure greater transparency and better regulation in the shadow banking sector. Inadequate supervision of financial institutions that perform bank-like functions but are outside the perimeter of banking regulations is harmful to the stability of EU finances. The activities of institutions of this type could have positive effects, such as risk distribution outside the traditional banking sector. However, they have to be completely transparent. Therefore I agree with the proposals to improve the monitoring and regulation system for such financial institutions as well as to establish a central repo database offering supervisory authorities a complete overview of the global repo market. I also agree with the introduction of an exposure limit of 25 % of own funds for all unregulated entities and imposing a limit on the number of times a financial product can be securitised."@en1

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