Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-062-000"

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"− Mr President, I thank all the speakers who raised several issues in this debate, some of which we had a long discussion on during the trialogue meetings. My colleagues proposed some issues as amendments, and the main obstacle we had in agreeing on these issues was the lack of impact assessments. We should not forget that we are discussing the financial sector, which is very sensitive to all kinds of regulation, and each regulation has a cost. Therefore we should be very careful when we propose different regulation for entities operating in this sector. I very much hope that the Commission will be able – maybe next year – to come up, as they proposed, with a new proposal for a directive on supplementary supervision of financial conglomerates. Once again I want to thank Mr Barnier the Commissioner, and his staff, who worked very hard with the Hungarian Presidency and with our colleagues, in order to arrive at this consensus, which I hope will be voted on tomorrow."@en1
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