Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-401-500"
Predicate | Value (sorted: default) |
---|---|
rdf:type | |
dcterms:Date | |
dcterms:Is Part Of | |
dcterms:Language | |
lpv:document identification number |
"en.20121120.28.2-401-500"2
|
lpv:hasSubsequent | |
lpv:speaker | |
lpv:spokenAs | |
lpv:translated text |
". −
More effective monitoring and supervision as regards banking and shadow banking is definitely necessary to make banking more transparent and avoid market manipulation. I supported this report, which addresses these issues. Unfortunately, depending on the country, a number of shadow banking activities are not regulated, which makes auditing extremely difficult or nearly impossible in the case of disturbance of cash flows or distortion of credit risk.
Therefore, I find it necessary for financial asset transfers from the balance sheet to be disclosed by filling the gaps in the International Financial Reporting Standards. Certainly, the responsibility of accountants and internal auditors in signalling potential risks should be increased. Accounting rules should reflect reality and not the desired situation; for example, real estate is valuated considerably above market value. Such manipulations contribute to instability in banking and this should certainly be avoided because trustworthiness is the very foundation of banking."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples