Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-942"

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	"lt"^^xsd:language2
lpv:document identification number	"en.20101215.23.3-942"2
lpv:hasSubsequent	lp_eu:2010-12-15-Speech-3-3382
lpv:speaker	lp:Juozas Imbrasas2
lpv:spokenAs	member; TRAN (2009-07-16--2012-01-18)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 member; EFD (2009-07-14--2014-06-30)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation for relations with the Korean Peninsula (2009-09-16--2012-02-14)3 member; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; REGI (2009-07-16--2012-01-18)3
lpv:translated text	"I approved of this report because 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 credit rating agencies. This was the purpose behind the adoption, in 2009, of the Regulation on credit rating agencies. It 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. The agreement reached on the architecture of European supervision which will enter into force on 1 January 2011 provides that the ESMA will exercise its own supervisory powers in relation, in particular, to credit rating agencies. It is therefore necessary to amend the Regulation on credit rating agencies in order to organise the accreditation and supervision of credit rating agencies by the European Securities and Markets Authority. This authority will be endowed with its own supervisory powers, but also investigatory powers, and it will be able to punish failure to apply this Regulation. Fines will be levied by the Member States."@en1

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