Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-376-069"

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"en.20110511.28.3-376-069"2
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"No market in which financial institutions have a pivotal role is able to operate without confidence that the various economic operators work properly. As such, there is a need to strike a balance between these institutions’ freedom to conduct their business, in what is an essentially private matter, and the economic impact that another crisis in the financial system could have on the real economy, and for the lives of everyone as members of a community. If we analyse the causes of the recent financial crisis, we can see that it is necessary to find mechanisms for control of investment risk, of the composition of boards, and of directors’ pay, thereby enabling enhanced cooperation between public and private supervisory bodies, while ensuring their independence. Since this resolution puts forward proposals in these different areas, I voted in favour."@en1

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