Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-24-Speech-3-019"

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"The European Parliament’s motion for a resolution on the Commission’s work programme for 2009 can be agreed in principle like the document expanding on this programme. I would personally like to point to the complexity with which Parliament’s resolution emphasises the importance of ensuring stability on the financial markets and reassuring consumers during the current financial crisis. There is no doubt that there is a need to develop regulatory measures so as to improve investor transparency and to improve the standards for valuation, supervision of business caution and the work of the rating agencies. The Commission must develop a detailed plan to bring about an improvement in the legal regulations for financial services and review the directives on the activities of credit institutions and capital adequacy. This will make it possible to achieve an improvement in the financial regulatory framework and increase the confidence of market participants. Paragraph 27 of the resolution rightly includes a call for the Commission to consider what kind of transitional arrangements should be put in place in the field of justice and home affairs pending the entry into force of the Lisbon Treaty. If, however, the situation actually arises whereby the Lisbon Treaty does not enter into force before the 2009 elections, this request to the Commission will have to have a far broader scope. Otherwise, our dear European Commission will be caught with its pants down."@en1
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