Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-09-16-Speech-3-998"
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"en.20090916.4.3-998"2
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"I agree with those who spoke about the need for a global co-ordinated approach. This is essential if we are to change the power structures of the global financial system. However neither the Commission or the Council made comment about the concept of 'living wills' for the banking sector. This week marks the anniversary of the collapse of Lehman brothers. It is estimated that it will take ten years for the investment bank to be wound up. This is in contrast to the Dunfermline Building Society which had a life will enabling its assets to be clearly identified. Transparency is essential if we are to bring consumer confidence back to the banking sector."@en1
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