Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-305-000"

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	"it"^^xsd:language2
lpv:document identification number	"en.20110608.20.3-305-000"2
lpv:hasSubsequent	lp_eu:2011-06-08-Speech-3-305-5002
lpv:speaker	lp:Fiorello Provera2
lpv:spokenAs	substitute; ITRE (2009-07-16--2012-01-18)3 vice-chair; AFET (2009-07-16--2012-01-18)3 unknown; Lega Nord (2009-07-14--2014-06-30)3 member; Delegation for relations with the United States (2009-09-16--2014-06-30)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 member; EFD (2009-07-14--2014-06-30)3
lpv:translated text	"Through this measure, we are at last able to express our desire to improve the work of rating agencies by enhancing their transparency, integrity, responsibility, independence and reliability. While recognising the role of agencies in supplying information and stimulating market liquidity, it is now quite clear that financial operators have placed too much faith in their judgments and that their actions contributed to causing the financial crisis. There is too much dependence on external credit rating agencies and an oligopoly exists in the sector. I am therefore in favour of establishing an independent European Credit Rating Foundation with responsibility for ratings in the public sector, for companies and for structured finance instruments."@en1

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