Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-247"

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"en.20100922.20.3-247"2
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"At a time of economic and financial crisis, the European Union should adopt strong measures at a European level by increasing control over banking institutions and their financial markets. The creation of four new bodies could prove to be a valid alternative, guaranteeing close collaboration with the national supervisory bodies. It would not be a matter of bodies responsible for monitoring the entire sector within their jurisdiction, but specific financial institutions made up of representatives at the highest level of the national supervisory bodies that would help to harmonise the standards and regulations between EU Member States. In particular, the European Banking Authority will assess the access to, availability and cost of credit to consumers and small and medium-sized enterprises. At the end of the G20, the idea of taxing the banks, forcefully upheld by both President Barroso and President Van Rompuy, was not even considered. In a Europe still exposed to the crisis, we need to act together to construct common rules at a European level."@en1

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