Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-399-827"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20121120.28.2-399-827"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Since the start of the financial crisis in 2007, the G20 decided upon a whole series of regulatory measures to make the financial system safer and more sustainable. Among other measures, capital requirements for financial institutions have been strengthened, the first steps towards stricter regulation of rating agencies have been taken and a new financial supervision architecture has been developed. Despite or perhaps because of these new regulatory frameworks, a huge part of credit brokerage still remains insufficiently monitored and regulated. As such, shadow banking takes place via entities or financial contracts generating a combination of bank-like functions but outside the scope of regulation or under a regulatory regime which is either light or addresses issues other than systemic risks, and without access to central bank liquidity facilities or public sector credit guarantees. I voted in favour of this report as I believe it is essential that we champion better monitoring and regulation of shadow banking."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples