Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-406"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Specific tasks for the European Central Bank concerning the functioning of the European Systemic Risk Board - Powers of the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority - European Securities and Markets Authority - Macro-prudential oversight of the financial system and establishment of a European Systemic Risk Board - European Banking Authority - European Insurance and Occupational Pensions Authority - Cross-Border Crisis Management in the Banking Sector (debate)2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20100706.28.2-406"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-4072
lpv:speaker	lp:Mario Borghezio2
lpv:spokenAs	member; EFD (2009-07-14--2013-06-02)3 member; LIBE (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the United States (2009-09-16--2013-06-02)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 unknown; Lega Nord (2009-07-14--2014-06-30)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3
lpv:translated text	"Madam President, ladies and gentlemen, the measures for the supervision of the European financial system must – and this should be better emphasised in the report – have a priority objective, which must be very clear and strongly supported: to establish strict rules to control the derivatives market as this is one of the main causes, if not the main cause, of the current financial crisis. Here, instead, we are, above all, designing a centralised institution, to some extent copied from the model of the ECB. This is not good, because at this point it is not known or fully clear what the role of the national supervisory bodies will be – the in our country. It seems that they are being watered down somewhat to the role of agent, which is not a particularly well-defined role. Instead, oversight should begin in our countries. In Italy, for example, it happens via a system of local branches which can monitor situations well. Furthermore, why should the headquarters of the European agency be in Frankfurt? Who decided that? Based on what criteria, if not in order – I would say – to make it conformant with the European Central Bank? We propose it be sited in Milan, for example, which is a major financial and banking market, including from a geo-economic point of view due to its position at the centre of Europe. I believe that this plan should generally go much deeper, with measures that require courage to implement, such as introducing a separation between commercial and investment banks in European legislation, based on the principles of the old US law."@en1
lpv:unclassifiedMetadata	"Banca d'Italia"1
lpv:videoURI	<go to Events_and_structure europarl>2

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph