Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-03-13-Speech-3-234"
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"en.20020313.10.3-234"2
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"Mr President, I want primarily to concern myself with the proposal concerning the supplementary supervision of the financial conglomerates with which I had a lot to do in my job as shadow rapporteur of the Group of the European Liberal, Democrat and Reform Party. First and foremost, I should like to thank the rapporteur, Mr Lipietz, for the huge amount of work he has done in connection with Parliament’s debate of this proposal for a directive. Next, I should like to thank Mr Radwan and Mrs Villiers, with whom I have had very close contact during our work with a view to tomorrow’s vote. Last but not least, I should also like to thank Commissioner Bolkestein for his work on bringing about a genuine internal market for financial services.
With the active participation of the Commission, we in the Committee on Economic and Monetary Affairs have, where far and away the majority of points are concerned, found common solutions to the problems raised in different quarters. The background to the practical proposal is that we wish to secure stable financial markets in Europe. We want to avoid scandals along the lines of Enron. At the same time, however, there must be no more regulation than is necessary. What is most important, therefore, is to secure effective supervision to prevent financial conglomerates from using the same capital to consolidate their positions in several different places. I should like to express my support for the oral amendments to be tabled by Mr Radwan to Amendments Nos 44, 46 and 48 in connection with tomorrow’s vote. I appreciate the Commission’s also being able to accept the amendments tabled. For me, adoption of the proposal tomorrow will be further proof that the European Parliament accepts co-responsibility when necessary. I am a great believer in our not dragging matters out if possible solutions emerge. We have found those solutions here in Parliament, and so it is merely up to the Council to deliver the rest."@en1
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