Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-923"

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"en.20100922.20.3-923"2
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"I voted for this report because the financial crisis has laid bare the faults of the financial markets at global level, and the European markets were no exception, meaning that they did not remain immune in an increasingly integrated global economy. Parallel to the proposals to create an integrated level of supervision at both micro and macro levels, this report proposes a package of revision of the sectoral directives, mainly in the field of banking and securities, in order to adapt them to a new banking supervisory architecture. As the G20 has also committed to take action to build a stronger, more globally consistent supervisory and regulatory framework for the future financial sector, the EU’s response must be ambitious, dealing with particular cases, providing answers on both macro and micro supervisions as well as on global regulation, and focusing on harmonisation and cooperation at global level on systemic risks. This is a unique opportunity for us to introduce our political objectives of integrated supervision."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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