Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-947"
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"en.20101215.23.3-947"2
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"I voted in favour of this resolution because I believe that there is a need to set up a mechanism for monitoring and supervising credit rating agencies. The global financial crisis, to which the credit rating agencies made their contribution, had an influence on this initiative. I agree with the European Commission’s proposal to organise the accreditation and supervision of credit rating agencies by the European Securities and Markets Authority (ESMA). However, it is vital for the ESMA, as soon as it is established, to be in a position to exercise its remit to ensure sound supervision of credit rating agencies operating in the European Union and also third-country agencies whose ratings will be authorised in the European Union."@en1
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