Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-376-194"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-05-11"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110511.28.3-376-194"2
lpv:hasSubsequent	lp_eu:2011-05-11-Speech-3-376-1872
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 welcomed this document because the financial sector should meet the needs of the real economy, help to promote sustainable growth and display the greatest possible degree of social responsibility. It is noted that there is a lack of values and ethics in the behaviour of some actors in financial markets and institutions. Financial markets and institutions have to take into account, as part of their corporate social responsibility, the interests of all parties involved, including clients, shareholders and employees. Effective risk governance is one of the most important factors for preventing future crises. Therefore, an effective governance system needs to be established in all financial institutions, with adequate risk management, compliance, internal audit functions (and, in the case of insurers, actuarial functions), strategies, policies, processes and procedures. I believe that it is necessary to establish mandatory risk committees or equivalent arrangements. We should not take disproportionate risks."@en1

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