Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-414-062"

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"en.20110705.34.2-414-062"2
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"This proposal is one of a set of measures put forward by the Commission, with the intention of reinforcing the supplementary supervision of the financial institutions of a financial conglomerate. As such, it is aimed at identifying and resolving some of the technical issues that require an urgent response. I would like to highlight in particular the need for supervisors to analyse mixed financial holding companies. It is necessary to ensure that the new European Supervisory Authorities put forward general guidelines on the supervision of financial conglomerates, it is vital to improve the transparency of supervisory activities, just as it is crucial to adopt common criteria on the definition of mixed financial holding companies, which should be included in the supplementary supervision. Finally, I look forward to the Commission’s review on the supplementary supervision, which will hopefully be more comprehensive and detailed."@en1

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