Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-918"

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"en.20100707.23.3-918"2
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"I voted in favour of the proposed regulation as I believe that the task of the European Systemic Risk Board (ESRB) must be to control and evaluate systemic risk in normal periods, with the aim of mitigating the system’s exposure to the risk of system components failing and increasing the financial system’s resistance to shocks. In this sense, the ESRB should ensure financial stability and mitigate the negative impacts on the internal market and the real economy. In order to achieve its objectives, the ESRB must analyse all the relevant information, especially the relevant legislation with a potential impact on financial stability, such as provisions on accounting, bankruptcy and viability. I also agree that whenever necessary, the ESRB should publicly issue risk warnings and make general recommendations relating to the EU as a whole to each of the Member States or to groups of Member States, with a timetable for the appropriate measures. When these risk warnings or recommendations are directed at individual Member States or at groups of Member States, the ESRB may propose appropriate support measures."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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