Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-280"

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	"fr"^^xsd:language2
lpv:document identification number	"en.20100707.23.3-280"2
lpv:hasSubsequent	lp_eu:2010-07-07-Speech-3-8972
lpv:speaker	lp:Marine Le Pen2
lpv:spokenAs	member; EMPL (2009-07-16--2012-01-18)3 unknown; Front national (2009-07-14--2014-06-30)3 member; NA (2009-07-14--2014-06-30)3 substitute; INTA (2009-07-16--2012-01-18)3 substitute; Delegation for relations with Canada (2009-09-16--2010-11-14)3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"The aim of Mrs McCarthy’s report is to control traders’ remuneration and lay down new rules on the capital requirements for banks. This is just the latest attempt to regulate banks, the previous regulations having been completely ineffective. These measures are just window dressing. New regulations will have no remedial effect because the banks will just bypass them again. The excessive remuneration of traders can only be stopped if banks are prohibited from trading their own capital. This would involve banks’ deposit-taking activities being hived off from their investment arms and a ban being introduced prohibiting the two arms from lending to one other. The largest financial institutions must be reduced in size so as to prevent them from abusing their dominant position. Banks must be subject to the 100% capitalisation requirement; they would then only be able to lend what they have. Increasing the money supply must be the state’s responsibility and the state must be prohibited from bailing out banks facing bankruptcy. Only if these conditions are imposed will bankers start to take responsibility and carefully assess the risks they take."@en1

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