Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-22-Speech-3-034"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2009-04-22"^^xsd:date2
dcterms:Is Part Of	lp_eu:Credit Rating Agencies - Reporting and documentation requirements in the case of merger and divisions - Insurance and reinsurance (Solvency II) (recast) (debate)2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20090422.4.3-034"2
lpv:hasSubsequent	lp_eu:2009-04-22-Speech-3-0352
lpv:speaker	lp:Johannes Blokland2
lpv:spokenAs	chair_of_the_bureau; IND/DEM (2008-05-09--2009-07-13)3 vice-chair; ENVI (2007-02-01--2009-07-13)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2004-09-15--2009-07-13)3 member; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2004-09-15--2009-07-13)3 substitute; TRAN (2007-01-31--2009-07-13)3 unknown; ChristenUnie - Staatkundig Gereformeerde Parti (2004-07-20--2009-07-13)3
lpv:translated text	"Now that the central banks of Europe and the United States have predicted the first signs of economic recovery, it is important not to waver in the implementation of guidelines to prevent a repeat scenario. The role of the rating agencies in the credit crisis is considerable, as indeed, investors relied blindly on the advice of these agencies without consulting third parties. There are various reasons why the ratings were not adjusted adequately in a changing market – reasons that cannot all be prevented by introducing new rules. Introducing an establishment requirement within the European Union for carrying out rating activities is a good start but, given the global character of the market, it is no more than a start. The European Commission must harmonise the guidelines with third countries as a matter of urgency, for which reason it would be preferable to adopt a central approach within the European Union in this area. It is clear that more is needed to regain trust in the financial markets. Let us therefore make a start with new financial morals."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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