Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-896"

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"en.20100707.23.3-896"2
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"− My position on the report under discussion by Parliament is motivated, among other things, by the conviction that with regard to banking, in order to protect the market and savings, we need to set out new capital standards both for resecuritisations and trading books, so as to increase coverage and guarantees against the risks assumed by banking institutions. Sticking with the banking sector, I feel that the introduction of rules concerning retribution policies is desirable, so that pay and bonuses paid to directors are limited and, in any case, proportionate to the operating results and long-term financial position of credit institutions. This would have beneficial effects, such as persuading managers not to follow overly speculative and risky policies, which would benefit not only individual institutions but also the markets overall."@en1

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