Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-262"

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"en.20100707.23.3-262"2
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"The European Commission has proposed the establishment of a new structural framework for EU financial regulation to improve the quality and consistency of supervision, ensure more effective law making and enforcement and better identify risks which the financial system could be faced with. The decision has been made to establish a European System of Financial Supervisors, comprising a network of national financial supervisors working with three European Supervisory Authorities: the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority. The setting up of the European Insurance and Occupational Pensions Authority must be accompanied by the development of a single rulebook to ensure consistent harmonisation and uniform application to support the efficient operation of the internal market, without the needless complication of legislation and its enforcement. Member States must cooperate with the European Insurance and Occupational Pensions Authority to ensure consistent harmonisation and uniform application of this directive by applying common technical authorisation and notification standards, information and disclosure procedures, regular exchanges of information and experience, as well as closer cooperation, and in so doing, prevent distortions of competition and create the conditions required for the smooth operation of cross-border membership."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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