Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-399-984"

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"en.20121120.28.2-399-984"2
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". − Three years after the financial, social and economic crisis erupted, the proposal put to the vote today comes just in time as with a view to effective crisis management and avoiding future turbulence on the financial markets we cannot avoid subjecting shadow banking activities to close scrutiny. It is common knowledge that while they stimulate trading and act as an incentive to financial transactions, shadow banks can at the same time cause massive and sudden damage in the absence of the safety nets of the traditional banking system. The report aims to construct databases and information systems which can be used to facilitate the monitoring of security market transactions and repurchase transactions; this means that in the future we would have a greater chance of avoiding systemic risks. In the light of the above I obviously voted in favour of the report."@en1

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