Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-03-13-Speech-2-103"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2007-03-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20070313.16.2-103"2
lpv:hasSubsequent	lp_eu:2007-03-13-Speech-2-1042
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	substitute; Delegation to the Euro-Mediterranean Parliamentary Assembly (2004-09-15--2009-07-13)3 unknown; Coligação Democrática Unitária (PCP-PEV) (2004-07-20--2009-07-13)3 vice-chair; EUL/NGL (2004-07-20--2009-07-13)3 substitute; AGRI (2007-01-31--2009-07-13)3 vice-chair; EMPL (2007-01-31--2009-07-13)3 member; FEMM (2007-01-31--2009-07-13)3
lpv:translated text	". This proposal to amend a number of directives as regards procedural rules and evaluation criteria for the prudential assessment of acquisitions aims principally at promoting cross-border mergers and acquisitions (M[amp]A) in the banking and financial sector. In other words, it aims at promoting the concentration and centralisation of capital at European level, by improving the penetration ability of foreign capital and the integration of the financial markets. Prudential assessment is thus seen as an obstacle to cross-border M[amp]A, following a Commission survey presented in November 2005 on barriers to consolidation of the financial sector within the internal market. Apart from maximum harmonisation, among other technical details, the proposal provides for reducing the periods for prudential assessment by the competent national and banking supervisory authorities from the current 65 days to 30 days. The compromise proposal extends the period proposed by the Commission but still accepts a reduction to the current period. We therefore voted against."@en1

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