Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-417-500"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-07-05"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20110705.34.2-417-500"2
lpv:hasSubsequent	lp_eu:2011-07-05-Speech-2-417-7502
lpv:speaker	lp:Miguel Portas2
lpv:spokenAs	member_of_the_bureau; EUL/NGL (2009-07-14--2012-01-22)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2012-04-24)3 substitute; Delegation for relations with Iran (2009-09-16--2012-04-24)3 vice-chair; Special Committee on the Financial, Economic and Social Crisis (2009-10-15--2011-07-31)3 substitute; Delegation for relations with the Mashreq countries (2009-09-16--2012-04-24)3 substitute; ECON (2009-07-16--2012-01-18)3 unknown; Bloco de Esquerda (2009-07-14--2012-04-24)3 member; BUDG (2009-07-16--2012-01-18)3 member; Delegation for relations with Iraq (2009-09-16--2012-04-24)3
lpv:translated text	"The objective of supplementary supervision is to control the potential risks arising from double gearing, that is, the multiple use of capital and so-called group risks: the risk of contagion, management complexity, concentration of risk and conflicts of interest, which could arise when several licences for different financial services are combined. The European Supervisory Authorities should supervise mixed financial holding companies in the same way that they supervise the banking or insurance sectors. This proposal provides some transparency in a world where things are generally hidden through the publication of the assessments of these structures, which are now also subject to stress tests. Even though the proposed level of surveillance is not enough, it still constitutes a step in the right direction. I therefore voted in favour."@en1

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