Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-399-851"
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"en.20121120.28.2-399-851"2
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".
Shadow banking accounts for nearly a third of our financial system and nearly half of bank assets. It did, indeed, play a sometimes-detrimental role in unleashing and developing the crisis we are undergoing. Therefore, it must be better regulated. I voted for this report because it adopts an approach that is risk-appropriate: the shadow banking sector should be regulated where its activities are potentially dangerous. Where they are useful and complement the ordinary banking sector, shadow banking should not be hindered. The Commission should develop a toolbox that is appropriate for these issues."@en1
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