Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-921"
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"en.20100922.20.3-921"2
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"I voted in favour of the financial supervision package, for the reasons outlined below. The creation of the three authorities must be accompanied by a single set of rules so as to ensure consistent harmonisation and uniform application; this will help the internal market to function more effectively. The authorities must ensure a high, effective and consistent level of regulation and supervision, taking into account the interests of all the Member States and the diverse nature of financial institutions. Matters subject to technical standards should be genuinely technical, and their development requires the expertise of supervisory experts. The technical standards adopted as delegated acts should further develop, specify and determine the conditions for consistent harmonisation and uniform application of the rules included in the basic instruments adopted by the European Parliament and the Council, supplementing or amending certain non-essential elements of the legislative act. This directive should identify situations where a procedural or a substantive issue of compliance with Union law may need to be resolved and the supervisors may not be able to resolve the matter on their own. In such a situation, one of the supervisors involved should be able to refer the issue to the competent European supervisory authority."@en1
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