Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-281"

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.20100707.23.3-281"2
lpv:hasSubsequent	lp_eu:2010-07-07-Speech-3-8942
lpv:speaker	lp:Alfredo Pallone2
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; Delegation for relations with Canada (2009-09-16--2014-06-30)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; EPP (2009-11-25--2014-06-30)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 substitute; LIBE (2009-07-16--2012-01-18)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-16)3
lpv:translated text	"I voted in favour of the third revision of the Capital Requirements Directive (CRD3) on the capital requirements of financial institutions. The proposal contains a whole series of innovations aimed at adapting and safeguarding the financial system in the event of future risks and crises. I agree with increasing the capital requirements for trading book (short-term resale activities by financial institutions) and resecuritisation activities. I welcome, therefore, the inclusion of penalties and caps in relation to remuneration policies and, in particular, on bonuses, to discourage practices that promote unacceptable and unmanageable risks. I believe it is only fair that banks which have received public support shall not be allowed to pay bonuses to their directors until that aid has been repaid in full. Moreover, salaries of the directors of these banks will not be able to exceed EUR 500 000 per year. The fact that bonuses will not be able to exceed 50% of a director’s total remuneration seems to me to be appropriate and respectful of European citizens and taxpayers."@en1

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