Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-24-Speech-4-255-000"
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"en.20110324.22.4-255-000"2
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"Since the financial markets have been badly affected by the crisis, there is an urgent need to restore confidence. To a large extent, this will depend on the role of the supervisory authorities, which will have to carry out their mandates competently and effectively so as to pass on the necessary confidence to investors and companies.
It is in this context that the European Securities and Markets Authority has been created, which, while not claiming to replace national supervisory agencies, will have an important part to play in the new European supervisory framework. Therefore, it is important that this agency begins operation soon.
Now that Parliament has approved the appointment of the Authority’s Executive Director, I wish him a successful term."@en1
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