Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-078"

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"en.20100922.4.3-078"2
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"Madam President, we have made it. The supervisory architecture train has left the station and we are expecting great things from the common rule book. However, our financial legislation is still like a Swiss cheese with holes and carve-outs – places a single rule book will never reach. That is a shame that we will all share until we all really truly subscribe to a single market in financial services. The new authorities give us an extra dimension to achieve cross-border coordination, but that means extra care has to be taken to make sure that decisions are responsive and taken close to the markets. The ESAs will need to be joined up with one another and with national supervisors and they will indeed have to have fingers in all the pies to make appropriate decisions, mindful that a bad decision is not made better by making it widespread."@en1
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