Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-343"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-12-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20101215.23.3-343"2
lpv:hasSubsequent	lp_eu:2010-12-15-Speech-3-3442
lpv:speaker	lp:Raül Romeva i Rueda2
lpv:spoken text	"The global financial crisis, to which the credit rating agencies made their contribution, showed the need to set up a mechanism for monitoring and supervising these agencies. This was the purpose behind the adoption, in 2009, of Regulation (EC) No 1060/2009 on credit rating agencies. This made it possible to establish a European system for registering and supervising credit rating agencies which issue ratings used in the European Union. It also lays down the conditions for the use in the European Union of ratings issued by third-country agencies, by applying a double system of equivalence and endorsement of ratings. During the debates preceding the adoption of Regulation (EC) No 1060/2009, your rapporteur stressed the need for EU-wide joint oversight of credit rating agencies’ products and integrated supervision of them. This principle was upheld and the Commission undertook to draft a legislative proposal along these lines. The agreement reached on the architecture of European supervision which will enter into force on 1 January 2011 now makes the effective implementation of rating agency supervision possible. It is stressed in the regulation establishing the ESMA that this authority will exercise its own supervisory powers in relation, in particular, to credit rating agencies."@en1
lpv:spokenAs	unknown; Iniciativa per Catalunya Verds (2009-07-14--2014-06-30)3 substitute; PECH (2009-07-16--2012-01-18)3 substitute; Delegation to the EU-Turkey Joint Parliamentary Committee (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2013-04-17)3 member; FEMM (2009-07-16--2012-01-18)3 vice-chair; G/EFA (2009-07-14--2012-01-31)3 substitute; LIBE (2009-07-16--2012-01-18)3 member; Delegation for relations with the countries of Central America (2009-09-16--2014-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3 member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2012-02-12)3
lpv:unclassifiedMetadata	"Raül Romeva i Rueda (Verts/ALE ),"1 "in writing."1

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