Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-206"

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"en.20100707.23.3-206"2
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"Madam President, ladies and gentlemen, I am in favour of establishing a European banking authority because it should be able to close the regulatory gaps that were highlighted during the last economic and financial crisis; gaps which, I am sorry to say, Parliament had already identified quite some time before. In fact, as was seen from some of the reports on this issue, coordination solely between national supervisors, whose jurisdiction stops at their own country’s borders, is not sufficient to control financial institutions that view the internal market as a truly borderless area. The establishment of this authority would therefore be a significant first step towards avoiding this type of problem."@en1
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