Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-04-16-Speech-2-354-250"
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"en.20130416.42.2-354-250"2
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"I supported this resolution which states ‘Considering the devastating effects of the latest financial crisis the overall objectives of this regulation are to encourage economically useful banking activities that shall serve the general interest and to discourage unsustainable financial speculation without a real added value. This implies a comprehensive reform of the ways savings are channelled into productive investments. In order to safeguard a sustainable and diverse banking environment in Europe, competent authorities should be empowered to impose significantly higher capital requirements for systemically important institutions that are able, due to their business activities, to pose a threat to the global economy.’"@en1
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