Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-08-Speech-3-099"
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"en.20081008.15.3-099"2
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"Madam President, Commissioner, when, if not now, will it be necessary to improve European supervision? All the omens are clear: there is a need for action and we have something to do here. The provisions for monitoring the stability of the financial markets are critical. We need stricter monitoring regulations for macroeconomic policy and financial market supervision, particularly by the European Central Bank.
Key parameters for making decisions via qualified majority voting in the colleges of supervisors dealing with a cross-border institution in the European authorities are critical. Naturally, we must work on a case-by-case basis when it comes to dealing with and assessing the size of the Member States. A smaller country must not be swamped by a larger country. There needs to be a structure at EU level, backed up by legislation, to run the blockades and resolve conflicts between national and sectoral supervisors. We must make use of all the management options at Level 3 in order to create a better architecture."@en1
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