Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-386"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Specific tasks for the European Central Bank concerning the functioning of the European Systemic Risk Board - Powers of the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority - European Securities and Markets Authority - Macro-prudential oversight of the financial system and establishment of a European Systemic Risk Board - European Banking Authority - European Insurance and Occupational Pensions Authority - Cross-Border Crisis Management in the Banking Sector (debate)2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20100706.28.2-386"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-3872
lpv:speaker	lp:Sebastian Valentin Bodu2
lpv:spokenAs	member; Delegation for relations with Canada (2009-09-16--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 substitute; INTA (2009-07-16--2011-08-28)3 vice-chair; JURI (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the countries of South Asia (2009-09-16--2014-06-30)3 unknown; Partidul Democrat-Liberal (2009-07-14--2014-03-24)3
lpv:translated text	"I would like to say that I am speaking as the shadow rapporteur for the opinion. The current financial crisis has highlighted the lack of effective management of crisis situations which have arisen in cross-border financial entities in the EU. There have been different approaches adopted at national level. In general, the authorities have either used public funds to bail out the banks or they have isolated the banks’ assets in their own country, applying national instruments to tackle crisis situations, but only at the level of their own branches. These actions have heightened the risks associated with the loss of confidence, distortion of competition, legal uncertainty and the high level of costs incurred for bailing out the banks, borne by taxpayers. Finally, we need measures at European level to stop the management of crises involving a cross-border banking group using national systems, which may be extremely different, and which tend to protect branches located on their own territory and not resolve the problem faced by the group as a whole."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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