Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-932"
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"en.20100707.23.3-932"2
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"This report seeks to establish a reliable, independent and responsible supervisory system intended to form the basis of European action in respect of financial markets. This intention is European but also global, since the G20 has committed to ‘take action to build a stronger, more globally consistent, supervisory and regulatory framework for the future financial sector, which will support sustainable global growth and serve the needs of business and citizens’ (G20 summit of 2 April 2009 in London). The current financial and economic crisis has revealed persistent imbalances between financial globalisation, financial integration of the EU and methods of national supervision, imbalances which we must now remove. To this end, I have made a commitment, by voting in favour of this report, to move towards a more integrated supervisory structure with a view to an integrated single market of financial markets. The ball is now in the court of the Council which, for its part, must also make progress towards genuine European financial supervision."@en1
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