Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-905"
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"en.20100922.20.3-905"2
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"I am voting in favour of the majority of this report’s proposals and the creation of a European Banking Authority. The financial crisis revealed many weaknesses in financial supervision and in the Union’s banking system, in particular. In view of this fact, the European public realised that Parliament and the Commission were taking urgent measures. Subsequently, at the point at which we now find ourselves, it falls to us to develop prevention mechanisms that will allow us to better adapt the European economy to potential future shocks. To this end, the creation of the European Banking Authority is a crucial contribution to financial supervision, as it will be responsible for setting out the
and governance model for managing crises, from the need for early intervention to solving potential insolvencies, where necessary"@en1
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