Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-23-Speech-4-991"
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"en.20090423.58.4-991"2
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"Mr Gauzès’ report – I am not sure if I pronounced his name correctly – concerns rating agencies, and I supported this report, because shortcomings and errors in ratings and supervision over them have contributed to the rise of the present financial crisis. The fact that there are only a few ratings agencies, their area of operation is global and their head offices often lie outside the EU causes me to wonder how effective European legislation can be in this area. I agree that cooperation between the EU and third countries must be intensified for the solution of this problem, and that that is the only means to achieve a harmonised regulative basis."@en1
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