Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-05-21-Speech-2-568-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2013-05-21"^^xsd:date2
dcterms:Is Part Of	lp_eu:Specific tasks for the European Central Bank concerning policies relating to the prudential supervision of credit institutions - European Banking Authority and prudential supervision of credit institutions (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20130521.40.2-568-000"2
lpv:hasSubsequent	lp_eu:2013-05-21-Speech-2-569-0002
lpv:speaker	lp:Phil Prendergast2
lpv:spoken text	"Mr President, as Commissioner Barnier has said, if these measures had been in place half a decade ago, our recent economic history would have unfolded in a different way. Sadly, his predecessor was the champion of light touch regulation, and in Ireland we know that only too well. The aftershock of this sorry state of affairs has been painfully felt by citizens in Ireland and beyond not with a light touch, but with heavy-handed austerity. The size of the banking sector in Europe makes it impossible to ensure proper supervision with individual regulators, even when they are empowered and willing to fulfil their mandates. The European Central Bank is now being empowered with pan-European supervisory responsibilities and must accordingly acknowledge the need for enhanced democratic accountability. Parliament must have more access to ECB documents and the right to openly hear and appoint the supervisory board chairs, as well as powers to investigate infringements and maladministration. In order to break the vicious circle tying exchequers and taxpayers to banking debt, we must show the same sense of urgency and have in place a European banking resolution mechanism, as well as a deposit guarantee scheme."@en1
lpv:spokenAs	member; S&D (2011-04-21--2014-06-30)3 member; Delegation for relations with the United States (2011-05-09--2014-06-30)3 substitute; PETI (2012-01-19--2014-06-30)3 substitute; AGRI (2012-01-19--2014-06-30)3 member; IMCO (2012-01-19--2014-06-30)3 unknown; Labour Party (2011-04-21--2014-06-30)3 substitute; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2011-05-05--2014-06-30)3
lpv:unclassifiedMetadata	"Phil Prendergast (S&D ). -"1
lpv:videoURI	<go to Events_and_structure europarl>2

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