Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-997"

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"en.20100707.23.3-997"2
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"I voted for this report. In the financial sector, remuneration policies for categories of staff whose professional activity has a material impact on the company’s risk profile have been such as to encourage transactions seeking short-term profits, with increasingly risky business models being developed to that end, to the detriment of workers, savers and investors, and sustainable growth in general. Inappropriate remuneration structures of financial institutions played a big role in the accumulation of risks that led to the current financial, economic and social crisis. Therefore, I very much support the Commission’s proposal to set up sound and transparent remuneration practices which should be continually reviewed and, where necessary, adapted in order to create uniform conditions throughout Europe and secure the global competitiveness of the European finance industry."@en1
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