Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-210-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-11-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20121120.28.2-210-000"2
lpv:hasSubsequent	lp_eu:2012-11-20-Speech-2-211-0002
lpv:speaker	lp:Monica Macovei2
lpv:spokenAs	member; LIBE (2012-01-19--2014-06-30)3 member; Conference of Delegation Chairs (2009-09-17--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 chair; Delegation to the EU-Moldova Parliamentary Cooperation Committee (2009-09-17--2014-06-30)3 unknown; Partidul Democrat-Liberal (2009-07-14--2014-06-30)3 substitute; Delegation to the EU-Former Yugoslav Republic of Macedonia Joint Parliamentary Committee (2009-09-16--2014-06-30)3 substitute; AFET (2012-01-19--2014-06-30)3 member; CRIM (2012-03-28--2013-10-23)3 member; CONT (2012-01-19--2014-06-30)3 member; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"Madam President, I rise to affirm this proposal. If banks are left unregulated in regard to shadow banking, then this lack of regulation will further destroy the economy. For instance, shadow banking accounted for EUR 21 trillion in 2002 and then jumped to EUR 51 trillion in 2011. In other words, shadow banking now represents 25% to 30% of all banking activity. Placing shadow banking under the common regulatory framework will increase stability across the European Union’s banking system. Direct regulation such as establishing bank reporting requirements is a valuable tool for tackling shadow banking activity. I support this report because lack of oversight in regard to shadow banking contributed to the current financial crisis and the current banking system needs a lot of patchwork in the area of shadow banking if we are to fight the financial crisis in the EU in an efficient way."@en1
lpv:unclassifiedMetadata	"Monica Luisa Macovei (PPE ). -"1
lpv:videoURI	<go to Events_and_structure europarl>2

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