Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-897"

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	"pt"^^xsd:language2
lpv:document identification number	"en.20100707.23.3-897"2
lpv:hasSubsequent	lp_eu:2010-07-07-Speech-3-8962
lpv:speaker	lp:Nuno Melo2
lpv:spokenAs	member_of_the_bureau; EPP (2009-07-14--2014-06-30)3 member; LIBE (2009-07-16--2012-01-18)3 vice-chair; Delegation for relations with the Mercosur countries (2009-09-30--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-09-16--2014-06-30)3 substitute; DROI (2009-07-16--2012-01-18)3 unknown; Partido Popular (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"Every business sector should be concerned with providing good results for its shareholders. However, the financial crisis which began in 2008 alerted people to the fact that some financial institutions have management practices that are geared towards making easy money in the short term without measuring the damage that this could cause to the financial health of the institution. Moreover, many of these financial institutions did not have enough capital for them to bear their trading portfolios and resecuritisations, using leveraged systems in an uncoordinated manner, and thus significantly increasing the risk of operations. I am voting in favour of this legislative resolution so that situations where financial institutions are drained of capital do not recur, and so that remuneration policies are reviewed and framed within more responsible objectives."@en1

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