Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-460"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Capital requirements for the trading book and for re-securitisations, and the supervisory review of remuneration policies - Remuneration of directors of listed companies and remuneration policies in the financial services sector (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20100706.30.2-460"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-4612
lpv:speaker	lp:Pascal Canfin2
lpv:spokenAs	vice-chair; Special Committee on the Financial, Economic and Social Crisis (2009-10-15--2011-07-31)3 substitute; Delegation for relations with the People's Republic of China (2009-09-16--2012-05-15)3 member; Delegation for relations with the United States (2009-09-16--2012-05-15)3 substitute; IMCO (2009-07-16--2012-01-18)3 member; ECON (2009-07-16--2012-01-18)3 unknown; Europe Écologie (2009-07-14--2012-05-15)3 member; G/EFA (2009-07-14--2012-05-15)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3
lpv:translated text	"Madam President, Commissioner, my political group is particularly delighted that this directive has been adopted. It is a directive which arguably contains the most ambitious rules in the world on remuneration factors. I must say that the ability to strictly limit the variable remuneration of directors of banks assisted by the public purse, and even the possibility to defer up to 70% of traders’ bonuses in the long-term interests of the bank and, potentially therefore, to take account of the risks taken and the negative effects of these risks in order to reduce these bonuses, are important rules which translate the G20’s commitments in principle into real figures at European level. However, I must also say that in negotiations with all the other shadow rapporteurs and with the rapporteur herself, we constantly came up against a lack of commitment by the States, against the huge gap between fine rhetoric on the regulation of capitalism, on the raising of the moral standards of capitalism, on the one hand, and the negotiating positions of the Council and the main States, which constantly refused to agree figures, and tried to reduce the scope of and water down all of our ambitious proposals, on the other. I must say, Commissioner, that the Commission has largely been on our side in this struggle. Therefore, I think that this is an achievement which we can share. Now, there is an important issue at stake. As we lost, we have had to make compromises. We lost a number of battles aimed at agreeing figures, and we have had to replace these figures with a number of words, often rather portmanteau words, such as ‘justified’, ‘appropriate’ and ‘balanced’. The challenge now is for the future European banking authority to translate these principles and portmanteau words into real figures, which will then be applied by all banks and all Member States. I would therefore like to know, Mr Barnier, how you intend to apply pressure on and strictly monitor this future process so that it does not distort the text on which we are going to vote tomorrow."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph