Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-399-835"

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	"pt"^^xsd:language2
lpv:document identification number	"en.20121120.28.2-399-835"2
lpv:hasSubsequent	lp_eu:2012-11-20-Speech-2-399-8432
lpv:speaker	lp:Carlos Coelho2
lpv:spokenAs	member; LIBE (2012-01-19--2014-06-30)3 substitute; DROI (2012-01-19--2014-06-30)3 member; CRIM (2012-03-28--2013-10-23)3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Delegation for relations with Japan (2009-09-16--2014-06-30)3 unknown; Partido Social Democrata (2009-07-14--2014-06-30)3 substitute; DEVE (2012-01-19--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3
lpv:translated text	"The concept of ‘shadow banking’ does not necessarily mean an unregulated or illegal part of the financial sector. However, its innovative nature may be a source of systemic risk for taxpayers and the financial system. As such, all its toxic practices should be eliminated in order to ensure financial stability. Taking into account the fact that some of the components of shadow banking are vital for financing the real economy, it is important to define the scope of new or existing regulatory measures. This is why global cooperation is absolutely vital as a means of obtaining complete transparency as regards shadow banking. A fuller overview and better monitoring will allow supervisors to gauge the level of repo agreements, security lending and all the liabilities and mechanisms of the institutions. I therefore call for a rational, global approach to regulation, in keeping with the Financial Stability Board’s recommendations."@en1

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