Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-11-26-Speech-3-187-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2014-11-26"^^xsd:date2
dcterms:Is Part Of	lp_eu:The powers of the European Central Bank to impose sanctions (A8-0028/2014 - Kay Swinburne)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20141126.18.3-187-000"2
lpv:hasSubsequent	lp_eu:2014-11-26-Speech-3-187-5002
lpv:speaker	lp:Siôn Simon2
lpv:spoken text	"I voted in favour of amending Regulation (EC) No 2532/98 concerning the powers of the European Central Bank to impose sanctions. The financial crisis highlighted the need for better regulation and supervision of the financial sector in the EU. New rules have been adopted to ensure that all financial actors, products and markets are appropriately regulated and efficiently supervised. There is a wide consensus that a lack of credibility of regulation contributed to the euro area crisis since implementation appeared to be severely deficient. It has become clear that a better governed and more deeply integrated economic and monetary union is required. For regulation to be fully efficient, it needs to be accompanied by thorough supervision and enforcement. I support the ECB Recommendation to upgrade the supervision of the financial sector at EU level: improving coordination between national supervisors on the one hand and enhancing EU-wide supervision to deal with risks and issues with cross-border effects on the other hand. Both supervision levels are complementary and essential to safeguard financial stability in Europe."@en1
lpv:spokenAs	member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2014-07-14--2017-02-13)3 member; EMPL (2014-07-01--2017-01-18)3 substitute; AFCO (2014-07-08--2017-01-18)3
lpv:unclassifiedMetadata	"Siôn Simon (S&D ),"1 "in writing. -"1

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