Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-24-Speech-4-250-250"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-03-24"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20110324.22.4-250-250"2
lpv:hasSubsequent	lp_eu:2011-03-24-Speech-4-250-5002
lpv:speaker	lp:Nuno Melo2
lpv:spokenAs	member_of_the_bureau; EPP (2009-07-14--2014-06-30)3 member; LIBE (2009-07-16--2012-01-18)3 vice-chair; Delegation for relations with the Mercosur countries (2009-09-30--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-09-16--2014-06-30)3 substitute; DROI (2009-07-16--2012-01-18)3 unknown; Partido Popular (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"The recent financial crisis has highlighted major weaknesses in financial supervision, both in individual cases and in relation to the financial system as a whole. Supervision models had a national perspective and did not adapt to the globalisation that has occurred within the financial system, where various financial groups conduct their operations across borders, with the systemic risks that this entails. I believe that the creation of the European Banking Authority is essential in order to achieve an effective supervision model. However, many other steps need to be taken to prevent the truly immoral situations of the recent past, which have damaged economies, shareholders, depositors, taxpayers and the credibility of the system, from reoccurring. I am therefore voting in favour of the choice of Mr Farkas as Executive Director of the European Supervisory Authority, and wish him a term of high quality in all respects."@en1

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