Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-900"

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.20100707.23.3-900"2
lpv:hasSubsequent	lp_eu:2010-07-07-Speech-3-8992
lpv:speaker	lp:Bruno Gollnisch2
lpv:spokenAs	unknown; Front national (2009-07-14--2014-06-30)3 member; NA (2009-07-14--2014-06-30)3 substitute; BUDG (2009-07-16--2012-01-18)3 member; Delegation for relations with Japan (2009-09-16--2014-06-30)3 member; TRAN (2009-07-16--2012-01-18)3
lpv:translated text	"The legislation proposed to us today generally entails strengthening equity capital requirements according to the risks taken by financial institutions, and in regulating bonuses and other golden parachutes. I regret that it does not go far enough. It does not, for example, set a ceiling on such bonuses or stipulate that they are not the essential part of remuneration, or prohibit certain so-called ‘toxic’ products. This legislation therefore does not go far enough, but is at least a step in the right direction. It is a pity that multiple reforms of the financial sector in the EU, albeit presented as urgent and indispensable, are delayed for reasons that are sometimes political. One other concern: stipulating new, stricter rules is all well and good. However, will this be enough to place finance once more at the service of the economy? Nothing is less certain. Banks rushed to repay State aid without meeting their credit obligations to businesses and private individuals, so as to be able to pay exceptional bonuses. Speculation is rife, across the board, since those involved know that the taxpayer will pay whatever happens. It is no longer the rules that need to be changed, but the system itself."@en1

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