Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-238"

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"en.20100922.20.3-238"2
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"Since the launch of the Financial Service Action Plan, Parliament has been a central actor in the construction of a single market for financial services, actively promoting harmonisation, transparency and fair competition, while ensuring investor and consumer protection. Long before the financial crisis, Parliament had regularly been calling for the reinforcement of the true level playing field for all actors at European level, while pointing out important failures in Europe’s supervision of ever more integrated financial markets. In all its reports, Parliament called upon the European Commission to analyse how progress towards a more integrated supervisory structure could be achieved. It also noted the need for effective oversight of the systemic and prudential risks of the top market players. In order to make progress towards a more integrated supervisory structure, the Commission has issued legislative proposals aimed at establishing a new network of European supervisory authorities, based on three pillars: the first for the banking sector, the second for insurance and occupational pensions, and the third for securities and markets. Finally, a European Systemic Risk Board should be established to monitor and assess potential threats to financial stability."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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