Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-22-Speech-1-156-000"

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"en.20121022.22.1-156-000"2
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"Mr President, I commend the agreement on banking supervision that was achieved at the recent European Summit. Stricter supervision of banking activities is indispensable to avoid repeated banking crises, and also to ensure adequate protection for depositors. Nevertheless, the procedure by which Member States will be able to participate in the single supervisory mechanism needs to be clarified, especially regarding the status of those countries outside the euro area. We cannot ignore the gap between the cross-border dimension of banking activities and the way they are supervised at national level. In Romania, approximately 80 % of banking capital comes from the euro zone. Not least, we must ask ourselves how we can ensure the integrity of the single market if we divide the banking union into participating countries and non-participating countries. I therefore ask for equal rights for all Member States under the new supervisory structure, including where voting rights are concerned."@en1
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