Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-16-Speech-4-218-500"

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"en.20120216.23.4-218-500"2
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"I am in agreement with the Simon report, which advocates better protection for depositors on the one hand and supports stabilisation of the European financial system, with the view of a more complete Single Market, on the other hand. The rapporteur insists on the need to strike a balance between the uniform protection of depositors in each Member State through the diligent compliance of common requirements as set out by the proposal, and the flexibility which must be afforded to Member States in determining the framework for the operation of deposit guarantee schemes. The proposals for cutting red tape, ensuring adequate funding (both at the and stages), staving off distortions of competition and ensuring that the same coverage level and target level are adhered to by all Member States are equally welcome. The need for proper monitoring, transparency and supervision by all relevant authorities at the various levels remains fundamental to securing the proper workings of this directive, guaranteeing the confidence of depositors and restoring stability in our financial markets."@en1
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