Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-226"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20100707.23.3-226"2
lpv:hasSubsequent	lp_eu:2010-07-07-Speech-3-2272
lpv:speaker	lp:Aldo Patriciello2
lpv:spokenAs	member; CONT (2009-07-16--2012-01-18)3 member; ITRE (2009-07-16--2012-01-18)3 substitute; REGI (2009-07-16--2012-01-18)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-05)3 member; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3
lpv:translated text	"In the financial sector and in some listed companies, remuneration policies for categories of staff whose professional activity has a material impact on the company’s risk profile have been such as to encourage transactions seeking short-term profits, with increasingly risky business models being developed to that end, to the detriment of workers, savers and investors. Moreover, the Commission Green Paper on corporate governance in financial institutions and remuneration policies stresses that the lack of effective control mechanisms has contributed to excessive risk taking on the part of financial institutions. In view of the many initiatives that have been launched at international, European and national level to resolve the issues relating to remuneration practices, and bearing in mind that it is essential for a coordinated strategy to be adopted at international level, I support the initiatives already undertaken by the Commission. Nevertheless, I believe that the size of the finance business and, therefore, its contribution to the systemic risk which imposes further regulatory burdens in relation to remuneration policy, must be considered in the context of remuneration policies in the finance sector. I also believe that supervisory authorities must decide on the need to establish a remuneration committee for financial institutions, with account being taken of the size, internal organisation, nature and complexity of their business activities."@en1

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph