Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-05-06-Speech-3-087"

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"I would also like to thank my colleagues for five excellent years of cooperation, although I have to say that there are still unsolved questions for the next legislative term. Above all, this directive does not solve the problem of assessing bank activities. The risk-based approach was not fit for purpose and we really need to think about another type of assessment, perhaps what is known as the performance-based approach. Moreover, we still have not decided who will pay. Which country’s tax payers are going to risk their own money, if a large European group has problems? Will a special fund be set up at European level? Will various countries contribute to a joint fund? Until we have the answer, we cannot say that we have strong and well prepared regulation of the financial sector."@en1
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