Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-399-819"
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"en.20121120.28.2-399-819"2
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".
I voted in favour of the report on shadow banking. Shadow banking currently represents 30 % of the total financial system and in 2011 it generated more than EUR 50 000 billion. Shadow banking is comprised of non-banking credit activities and we need to weigh up the beneficial effects and risks of these activities. The aim of this report is to increase prudential supervision in order to reduce the systemic risks this system presents. I support the two major measures recommended by this report, i.e. the imposition of capital requirements for unregulated entities and the improvement of data collection on operations carried out in this sector."@en1
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