Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-421"

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	"de"^^xsd:language2
lpv:document identification number	"en.20100706.28.2-421"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-4222
lpv:speaker	lp:Alexandra Thein2
lpv:spokenAs	unknown; Freie Demokratische Partei (2009-07-14--2014-06-30)3 member; ALDE (2009-07-14--2014-06-30)3 member; JURI (2009-07-16--2012-01-18)3 member; Delegation for relations with Iraq (2009-09-16--2014-06-30)3 substitute; Delegation for relations with Afghanistan (2009-09-16--2012-02-08)3 substitute; AFCO (2009-07-16--2012-01-18)3 member; Delegation for relations with the Palestinian Legislative Council (2009-09-16--2014-06-30)3
lpv:translated text	"Madam President, Commissioner, the financial crisis has highlighted that a uniform financial supervisory authority is an absolute necessity for the European Union. The three EU-wide supervisory authorities which are envisaged for banking, insurance and securities should thereby be provided with the right to intervene directly in national institutions, such as Deutsche Bank. These intervention rights are restricted to absolutely exceptional cases and will hopefully never be used. As a member of the Committee on Legal Affairs, I regret that the committee responsible has not given any consideration to our constitutional objections regarding the envisaged intervention rights, both at European and national level, especially in the wake of the Lisbon judgment of the German Federal Constitutional Court. A recommendation from the Committee on Legal Affairs, whereby the Commission, as guardian of the treaties, would act as the final decision-making authority within the framework of a set procedure, or, in other words, have the last say, was not followed. On this point, the Committee on Legal Affairs recognises that the technical expertise required to make judgments is indisputably available in the national and European supervisory authorities and not in the Commission. I hope that during the current negotiations, too, a solution will also be found to this constitutional problem."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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