Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-288-250"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-06-08"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110608.20.3-288-250"2
lpv:hasSubsequent	lp_eu:2011-06-08-Speech-3-288-3122
lpv:speaker	lp:Laima Liucija Andrikienė2
lpv:spokenAs	vice-chair; DROI (2009-07-20--2012-01-18)3,3 substitute; Delegation to the EU-Mexico Joint Parliamentary Committee (2009-10-12--2014-06-30)3,3 member; EPP (2009-07-14--2014-06-30)3,3 member; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3,3 member; INTA (2009-07-16--2012-01-18)3,3 member; Delegation for relations with Belarus (2009-09-16--2014-06-30)3,3 substitute; AFET (2009-07-16--2012-01-18)3,3 substitute; Delegation to the Euro-Latin American Parliamentary Assembly (2009-10-12--2014-06-30)3,3 unknown; Tėvynės sąjunga - Lietuvos krikščionys demokratai (2009-07-14--2014-06-30)3,3
lpv:translated text	"I voted in favour of this resolution on credit rating agencies: future perspectives. Credit rating agency (CRA) ratings fulfil several useful purposes: they aggregate information about the credit quality of issuers in a global environment. Ratings allow issuers to assess global and domestic markets, reducing information costs and widening the potential pool of investors, and this provides markets with liquidity and helps to set prices. The recent financial crisis has highlighted three problems in the industry: a lack of competition, over-reliance on external ratings in the regulatory framework and no liability for ratings on the part of CRAs. I agree with the rapporteur’s opinion that credit ratings are not just pure opinions and that CRAs should be accountable for their ratings. Therefore, their exposure to civil liability should be enhanced in order to provide a credible threat."@en1

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