Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-25-Speech-4-116"
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"en.20080925.15.4-116"2
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"Mr President, I am speaking as Chairman of the Committee on Economic and Monetary Affairs. In the current financial crisis, everybody realises that accounting standards and their potentially procyclical nature are a major issue. The governance of the structures that develop these accounting standards is a very important matter.
The European Commission, already addressed on these issues in the Radwan report, has chosen to draft a proposal that does not involve those who are responsible for the stability of the financial markets, that was drawn up hastily with American authorities who are reaching the end of their mandate and have been disowned by all the candidates in the American presidential election, and without consulting the Council or the European Parliament.
In a spirit of compromise and openness, we agree to reopen this discussion if the Commission for its part agrees to reconsider its proposal and to give a hearing to the European Parliament’s proposals. That is why I would like the Commission to make a statement and undertake to reconsider its proposal. In that case we would be able to support Mrs Kauppi’s proposal."@en1
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