Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-344"

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	"el"^^xsd:language2
lpv:document identification number	"en.20101215.23.3-344"2
lpv:hasSubsequent	lp_eu:2010-12-15-Speech-3-3452
lpv:speaker	lp:Kyriacos Triantaphyllides2
lpv:spokenAs	member; EUL/NGL (2009-07-14--2014-06-30)3 substitute; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-16--2012-02-28)3 substitute; LIBE (2009-07-16--2011-09-11)3 member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 member; IMCO (2009-07-16--2011-09-11)3 unknown; Progressive Party of Working People - Left - New Forces (2009-07-14--2014-06-30)3 vice-chair; Delegation for relations with the Palestinian Legislative Council (2009-09-16--2014-06-30)3
lpv:translated text	"The regulation covers both the supervision of credit rating agencies by the European Securities and Markets Authority and supervision of the use of credit ratings by individual entities supervised at national level. The national supervisory authorities will remain responsible for supervising the use of credit ratings by these individual entities. Nonetheless, the national authorities will not have the power to take supervisory measures against credit rating agencies in the event of infringement of the regulation. This is the very point on which the proposal is being checked in terms of compliance with the principle of proportionality. The proposal creates a control system for which, within the context of the current neoliberal environment, there is no provision for real, essential application above and beyond its psychologically novel action, which is directly mainly at the public at large. However, it is not designed to replace a previous system; it is designed to introduce a new control system which has not previously existed, even in this form, which is what allowed the credit rating agencies to steam ahead regardless. In this sense, it is perhaps better to have this system than none at all."@en1

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