Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-05-22-Speech-3-337-468"
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"en.20130522.24.3-337-468"2
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"I voted against this report as we believe that the EU should not have control over prudential supervision of credit institutions or banking institutions. Therefore the European Central Bank should cease to exist and the EU should get back to being the simple trade treaty it was when we originally joined. This report shows how the EU is in fact imposing its one-size-fits-all, single rule book solutions and in the future, due to this legislation, will destroy the City of London. I am especially against the provision which says that: ‘The ECB may, if deemed necessary, instead of the national competent or national designated authorities of the participating Member State, apply higher requirements for capital buffers than applied by the national competent or national designated authorities of participating Member States to be held by credit institutions at the relevant level’."@en1
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