Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-401-875"
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"en.20121120.28.2-401-875"2
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"The global crisis we are currently in started when the market realised that the securitisation of loans was subject to incentives that would lead to a lowering of lending standards, the ‘subprime loans’. Because of what happened it seems increasingly important to make the connection between the traditional banks and the shadow banking system transparent, in order to tackle it from a regulatory viewpoint. In order to gain a complete overview of the shadow banking system, more comprehensive and reliable data on it is required. Indeed, some aspects of the shadow banking system may have beneficial effects on the real economy, whereas others can lead to tragic situations and high systemic risk. In the light of what I have briefly explained, I voted in favour of the proposal."@en1
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