Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-05-19-Speech-2-308-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2015-05-19"^^xsd:date2
dcterms:Is Part Of	lp_eu:Indices used as benchmarks in financial instruments and financial contracts (A8-0131/2015 - Cora van Nieuwenhuizen)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20150519.31.2-308-000"2
lpv:hasSubsequent	lp_eu:2015-05-19-Speech-2-309-0002
lpv:speaker	lp:Neena Gill2
lpv:spoken text	"Madam President, I gave my support to the report on benchmarks. I congratulate the rapporteur, Mrs Cora van Nieuwenhuizen. The benchmark scandals in the recent past clearly demonstrate what unregulated benchmarks can lead to. Manipulating them amounts to stealing from investors and consumers and undermines confidence in markets. The Commission fined the banks something like EUR 1.7 billion for this. This regulation will impact consumers’ daily lives, as financial benchmarks determine the level of the mortgage payments of millions of households in the EU. Banks, while stating that they cannot invest in the real economy, have made buffers to pay billions in fines for benchmark manipulation. The agreement that we voted upon in the Committee on Economic and Monetary Affairs has a balanced and proportional outcome. Transparency and supervision on the benchmark process have been increased, and conflicts of interest have been tackled."@en1
lpv:spokenAs	substitute; Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (2015-02-25--2015-11-30)3 substitute; AFET (2014-07-08--2017-01-18)3 member; ECON (2014-07-01--2017-01-18)3
lpv:unclassifiedMetadata	"Neena Gill (S&D )."1
lpv:videoURI	<go to Events_and_structure europarl>2

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