Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-422"

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"en.20100706.28.2-422"2
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"Madam President, ladies and gentlemen, at a time of economic and financial crisis, the European Union should adopt strong measures at European level, increasing control over banking institutions and financial markets. The creation of four new control bodies could be a valid alternative, guaranteeing strict cooperation with the national supervisory bodies. It would not be a matter of having bodies responsible for monitoring their entire field of responsibility, but specific financial institutions composed of top-level representatives from the national supervisory bodies, who would contribute to harmonising standards and regulation across the EU States. In particular, the European Banking Authority will evaluate the access to, and availability and cost of, credit for consumers and small and medium-sized enterprises. Following the G20, unfortunately, the idea of taxing banks – which was strongly supported by President Barroso and Mr Van Rompuy – was not even taken into consideration. In a Europe which is ever more exposed to the crisis, we need to act together to build common rules to protect citizens and investors."@en1
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