Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-294-250"

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"en.20110608.20.3-294-250"2
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". I voted in favour of Mr Klinz’s report. It contains some interesting proposals for pursuing the necessary framework for credit rating agencies. The current situation in the euro area reminds us on an almost daily basis of the impact of decisions taken by these agencies and the reliance of the global financial regulatory system on these agencies. I particularly welcome the request made to the European Commission to look at the feasibility of introducing an independent European Credit Rating Foundation. This is a concrete proposal which would enable us to address the over-reliance of the global financial regulatory system on some non-public credit ratings."@en1

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