Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-10-28-Speech-3-1612-000"
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"en.20151028.40.3-1612-000"2
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"Mr President, I would like to congratulate my good colleague Renato Soru, the rapporteur, for an excellent report. He is responsible for ensuring that securities financing transactions will be more transparent in the future. The underlying reason for the securities financing transactions report is to make our banking system safer, increase transparency and improve supervision.
These instruments play a significant role in the financial sector in that they ensure liquidity in the secondary debt market, contribute to an efficient settlement and allow for better employment of capital. This agreement not only strengthens the reporting obligation, it also improves the collection of data on the transactions, enabling better monitoring of risk concentrations and identifying counterparty exposures.
I welcome this report on shedding light on the shadow banking sector, because in my opinion you cannot just regulate the banking sector alone and allow other means through which highly risky activities continue within our financial services sector, which is critical for the success of the capital markets union."@en1
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