Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-417-101"

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"I have cast my vote in favour of the report by Mr Stolojan, since I consider it more than appropriate to align the supervisory powers applicable to holding companies introduced by the Financial Conglomerates Directive with those stemming from the directives specific to the banking and insurance sectors. I also welcome the fact that the proposal has been adopted at first reading. In these times of crisis, we have realised how important and fundamental supervision is in trying to anticipate and act in time to avoid damage or in trying to contain it. For that reason, in removing the obstacles to the prudential supervision of financial conglomerates, the directive is essential and a step in the right direction."@en1

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