Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-903"

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"en.20100922.20.3-903"2
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"The establishment of the European Banking Authority (EBA) is part of the Commission’s proposals following the recommendations of the Larosière Report of February 2009. I welcome the establishment of the European Banking Authority as a European response to the financial and economic crisis has created real and serious risks to the stability of the internal market. This pan-European supervisory system is designed to establish close cooperation and coordination between national and European authorities to ensure the stability of the EU's financial system, and will close gaps in between different national regimes. A new board made up of heads of European central banks will monitor and act against macro-economic risks as they emerge across Europe. The EBA will issue decisions directly applicable to financial institutions and will alert the Commission regarding dangerous products or market transactions. Moreover, the EBA will play a key role in identifying systemic risks and will participate in the event of a crisis resolution."@en1
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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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