Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-271"

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"I voted in favour of Mrs Goulard’s report. Back when work was being carried out within the Committee on Economic and Monetary Affairs, I contributed with a series of amendments which were included in the final text. I believe, in fact, that it is very important for the European Systemic Risk Board (ESRB) to be able to give prior notice of possible systemic risks through early warnings and to recommend the adoption of measures suitable for countering them. The ESRB will definitely play a crucial role in its system of financial architecture. It will be the only institution with a general and complete overview of matters, and its role of supervising and coordinating the various European Supervisory Authorities (ESAs) will be crucial in the event of future crises or warnings. I believe, therefore, that it is necessary to clearly define direct supervisors’ responsibilities in relation to groups with systemic implications and to clarify the roles between the macro-prudential supervision of the ESRB and the micro-prudential supervision of the ESAs. However, I trust that this will all be clarified when the text is finalised during negotiations with the Council."@en1

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