Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-376-406"

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"en.20110511.28.3-376-406"2
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"I voted in favour of this report. The proper functioning of the Internal Market depends on the stability of the financial system and on the trust put by European citizens and consumers in financial institutions and transactions. During the recent financial crisis, many financial institutions around the world failed at great cost to the taxpayer. I support the Commission’s initiative to take a critical look at the soundness of financial institutions and of the financial system as a whole, and at the regulation and supervision of the system, in order to prevent any repeat of the crisis in the future and to ensure that the financial sector meets the needs of the real economy and displays the greatest possible degree of social responsibility."@en1

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