Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-088"
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"en.20100922.4.3-088"2
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"Madam President, the President of the European Central Bank will automatically become the President of the European Systemic Risk Board for the next five years.
This is not a minor issue. It visualises that the ECB is really implicated in the financial supervision of the European financial markets and institutions. It also means that Mr Trichet, who is also accountable in his hearings in this Parliament, will also have to answer questions relating to financial supervision, not only questions relating to price stability.
With this reform, the President of the ECB will risk his reputation and his credibility in achieving effective financial stability in Europe. Thanks to this reform, doing business as usual will be more difficult for the financial institutions that have generated this crisis. It will benefit future generations of European citizens."@en1
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