Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-880"
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"en.20100707.23.3-880"2
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"This period of crisis has highlighted that the European Union did not have the capacity to manage efficiently and effectively crises triggered at the level of cross-border financial institutions. The most glaring example of this is the bank recapitalisation and guarantee measures which were adopted on an ad hoc basis in the EU. I voted for this report because I believe that a European framework needs to be created for managing crises, which will include common legislative norms that apply to all banking institutions carrying out their business within the EU. Furthermore, I think that these norms should promote the financial system’s stability and strengthen the financial services internal market and its competitiveness."@en1
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