Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-304-000"

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.20110608.20.3-304-000"2
lpv:hasSubsequent	lp_eu:2011-06-08-Speech-3-304-5002
lpv:speaker	lp:Rolandas Paksas2
lpv:spokenAs	vice-chair_member_of_the_bureau; EFD (2010-02-16--2012-01-26)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 member; PETI (2009-07-16--2012-01-18)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 substitute; ITRE (2009-07-16--2012-01-18)3
lpv:translated text	"I welcome this resolution on the future perspectives of credit rating agencies. The credit rating industry often experiences problems relating to oligopolistic structures and a lack of competition, accountability and transparency. Consequently, the Commission should consider the possibility of establishing a completely new, independent European Credit Rating Foundation (ECRF), which would have the right to participate in decisions on sovereign debt ratings and credit rating agencies. The management, staff and governance structure of the new ECRF would be fully independent and autonomous. I welcome the proposal that CRAs’ exposure to civil liability in the event of gross negligence or misconduct be defined on a consistent basis across the EU. Furthermore, there is a need to increase supervisors’ responsibilities, capacity, powers and resources for monitoring, assessing and overseeing the adequacy of the internal models, for imposing prudential measures and conducting investigations and inspections. It is very important to create a level playing field for credit rating agencies by stimulating competition, transparency, market opening and stability."@en1

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph