Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-944"

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"en.20100922.20.3-944"2
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"I voted in favour of the report on the proposal for a regulation of the European Parliament and of the Council establishing a European Insurance and Occupational Pensions Authority because I believe it is necessary to fill the gaps which exist today with regard to coordination, the uniform application of EU law and trust between national supervisors. Indeed, the recent financial crisis has shown the inefficiency of some national supervisory models, which were unable to deal effectively with the problematic situations that arose in the European financial markets. I cannot, therefore, but welcome and support the decision to strengthen the supervisory framework on the basis of an intervention aimed at identifying tools that are capable of preventing performance risks in the financial system occurring in future. With the new financial supervisory architecture, we will fill the gaps in the sector, work to improve the functioning of the internal market and, finally, ensure a uniformly high level of regulation and supervision, whilst always taking the needs of individual Member States into consideration."@en1

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