Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-401-750"
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"en.20121120.28.2-401-750"2
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The activity of shadow banking can create many risks and instability in financial markets if it is not regulated and supervised and, in this regard, the Commission, which presented its findings in its Green Paper, is committed to producing guidelines to enhance the total transparency of all activities in this sector and keep the potential for increasing systemic risk under control. This report calls on the European Commission to create mechanisms for a better analysis of risk transfers in the financial sector. I voted in favour of this report because I consider it clearly necessary to establish standards that oversee and set rules for the functioning of shadow banking and that provide greater stability, robustness and transparency in the financial system."@en1
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