Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-20-Speech-2-281"
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"en.20091020.34.2-281"2
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"First of all, the question of credibility is a subjective question for you. I think that the response to this question was given by Parliament, which gave me a new mandate recently, so it shows that this Parliament believes I am credible to go ahead with this policy.
In fact, we are pursuing our policy in response to the economic and financial crisis. We have taken important decisions; we are leading globally on regulatory and supervisory measures we have taken recently. Based on the report I commissioned to the de Larosière Group, we have tabled some proposals which I hope will be approved by the Council and by Parliament.
Just today, at a meeting of the Commission, we approved the communication on derivatives, which will, of course, have to be followed up by concrete legislation. So indeed we are responding to the financial crisis in all its aspects, including regulatory and supervisory, and I have already taken some decisions during this Commission, and the next Commission will, of course, follow this path because I believe the situation demands it."@en1
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