Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-903"
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"en.20100707.23.3-903"2
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"I voted in favour of the motion for a resolution as I believe that credit institutions and investment businesses should require a commitment from their employees not to use personal cover or insurance strategies to compromise the effects of alignment, given the inherent risk in how they remunerate employees. I also voted as I did because I agree with the principle that the measures for which there is provision in this directive are steps in the reform process in response to the financial crisis. In accordance with the conclusions made by the G20, the Financial Stability Board and the Basel Committee on Banking Supervision, new reforms may be necessary, including the need to create countercyclical buffers, dynamic reserves, the key aspects underlying the calculation of capital requirements set out in Directive 2006/48/EC and additional measures for risk-based requirements for credit institutions, to help prevent leverage in the banking system. To ensure adequate democratic supervision of the process, Parliament and the Council should be involved in this process in an effective and timely way."@en1
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