Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-890"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-09-22"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20100922.20.3-890"2
lpv:hasSubsequent	lp_eu:2010-09-22-Speech-3-2522
lpv:speaker	lp:Nuno Melo2
lpv:spokenAs	member_of_the_bureau; EPP (2009-07-14--2014-06-30)3 member; LIBE (2009-07-16--2012-01-18)3 vice-chair; Delegation for relations with the Mercosur countries (2009-09-30--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-09-16--2014-06-30)3 substitute; DROI (2009-07-16--2012-01-18)3 unknown; Partido Popular (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"The need to respond to a future financial crisis and the new models for macro- and micro-prudential supervision have led to the creation of the European Systemic Risk Board (ESRB) and the European System of Financial Supervisors. However, it is only the prestige of the European Central Bank (ECB) that will make this new system effective, as the new ESRB will not be able to impose measures or sanctions on Member States or financial institutions, and its warnings will not be binding. The mission of this new supervision architecture coordinated by and subordinate to the ECB will be to anticipate future crisis scenarios so that preventative measures can be taken to block the emergence of new crises. It will also be necessary to ensure that all selections for senior management roles throughout the system are based on the criteria of real ability and merit, rather than politically expedient power sharing among the Member States."@en1

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