Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-901"

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.20100707.23.3-901"2
lpv:hasSubsequent	lp_eu:2010-07-07-Speech-3-2782
lpv:speaker	lp:José Manuel Fernandes2
lpv:spokenAs	substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2010-03-05--2014-06-30)3 member; BUDG (2009-07-16--2012-01-18)3 substitute; Delegation for relations with India (2009-09-16--2014-06-30)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 substitute; ENVI (2009-07-16--2012-01-18)3 member; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3 member; EPP (2009-07-14--2014-06-30)3 unknown; Partido Social Democrata (2009-07-14--2014-06-30)3
lpv:translated text	"The stability and financial sustainability of the banking sector are absolutely critical to the development of the real economy. The current global crisis has revealed weaknesses in the banking system and called its credibility with the public and businesses into question, in addition to the negative impact on Europe’s productive and industrial capacity and on the financial stability of the Member States themselves. At the root of the financial crisis was excessive exposure to risks brought on by banking operating rules, based on huge incentives for immediate results. These became increasingly unsustainable due to the lack of capital and the unregulated use of resources. In view of this, it is imperative to apply sound and ethically reasonable methods at the level of remuneration and incentives in the banking sector, so as to prevent the implementation of policies that encourage excessive risk-taking, coupled with the imposition of stricter requirements on capital for the trading book and resecuritisations."@en1

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