Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-399-812"
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"en.20121120.28.2-399-812"2
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I voted in favour of this report because stricter monitoring and supervision of the shadow banking system is essential. 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. In order to get a complete overview on the shadow bank landscape, more and reliable data and analysis capacities are urgently required. The European Central Bank (with the European Systemic Risk Board) should play an important role in this regard. Given the innovative nature of the shadow banking system, its expansion may lead to new developments that may pose a source of systemic risk, which will have to be tackled. To do this adequately, the necessary monitoring tools should be created to get a concrete view on the whole system of credit intermediation."@en1
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