Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-056-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-07-04"^^xsd:date2
dcterms:Is Part Of	lp_eu:Supplementary supervision of financial entities in a financial conglomerate (debate)2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20110704.20.1-056-000"2
lpv:hasSubsequent	lp_eu:2011-07-04-Speech-1-057-0002
lpv:speaker	lp:Elena Băsescu2
lpv:spokenAs	member; EPP (2009-07-14--2014-06-30)3 unknown; Partidul Democrat-Liberal (2009-07-14--2014-06-30)3 member; Delegation for relations with Israel (2009-09-16--2014-06-30)3 substitute; ECON (2010-05-12--2012-01-18)3 substitute; Delegation to the EU-Moldova Parliamentary Cooperation Committee (2010-01-20--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2012-02-12)3 member; PETI (2009-10-07--2012-01-18)3 substitute; AFET (2009-07-16--2012-01-18)3
lpv:translated text	"Mr President, I too wish to begin by congratulating my colleague Mr Stolojan. This proposal for a directive is part of the changes associated with the supplementary supervision that is taking place, aimed at streamlining risk management practices. The need to review the framework supporting the supplementary supervision of financial entities in a financial conglomerate has been dictated by globalisation, which has had an impact on Europe’s financial market. The financial crisis has spotlighted major shortcomings in the financial sector in terms of supervision. I should mention that the aim of reviewing this framework is to supervise the operation of Europe’s biggest financial groups. Some financial groups cannot be subject to supplementary supervision because of their legal structure. At the same time, it is sometimes difficult to keep banking activities separate from insurance activities. Finally, I should emphasise that it is of paramount importance for financial groups to be subject to an identical, harmonised supervision procedure, which would strengthen Europe’s supervisory mechanisms."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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