Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-335-625"

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"In the current economic situation, it has become essential to analyse and evaluate certain areas relevant to the financial and capital markets, specifically certain professional activities, like auditing. I therefore think this debate should take into account the wider context of the current Green Paper on corporate governance. We also cannot forget that the transposition of the eighth directive, adopted in 2006, has only recently been completed by the Member States, so it is still hard to analyse its impact. I also believe that, before tabling a legislative proposal, the actual impact of the eighth directive should be analysed and an impact study carried out, reflecting the costs of amending legislation and whether it would be opportune to do so in the coming months. However, I recognise the importance of stepping up oversight of this professional activity, so as to ensure greater economic stability and increased market confidence as a result."@en1

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