Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-399-859"

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	"fr"^^xsd:language2
lpv:document identification number	"en.20121120.28.2-399-859"2
lpv:hasSubsequent	lp_eu:2012-11-20-Speech-2-399-8752
lpv:speaker	lp:Marielle de Sarnez2
lpv:spokenAs	member; INTA (2012-01-19--2014-06-30)3 substitute; AFET (2012-01-19--2014-06-30)3 substitute; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3 vice-chair; ALDE (2009-07-14--2014-06-30)3 unknown; Mouvement Démocrate (2009-07-14--2014-06-30)3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the countries of the Andean Community (2009-09-16--2014-06-30)3
lpv:translated text	". The shadow banking system, which includes insurance companies’ credit intermediation activities and the activities of most hedge funds, is a booming market. Currently, it accounts for 30 % of the overall financial system, i.e. almost USD 67 000 billion. In a period when banks are offering less finance, this credit distribution system deserves our full attention. Although the European Union benefits from the positive effects of this sector, it must also guard against the risks of abuse inherent in this type of activity, especially since the latter mainly contribute to funding at-risk projects via short-term loans, which are a potential source of destabilisation. The subprime crisis of 2007 and the financial crisis that immediately followed it are further arguments in this regard. Therefore, it is necessary to establish an adequate legal framework, with transparent regulation and supervision, in order to re-launch our economy in safety."@en1

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