Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-401-937"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20121120.28.2-401-937"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
".
At a time when Belgium has just recapitalised Dexia to the tune of EUR 2.9 billion, shadow banking, a parallel banking system which involves entities not subject to banking regulation (securitisation funds, hedge funds, commercial banks, money market funds, etc.) is still problematic. Although the G20 has adopted a whole series of regulatory measures aimed at making the financial system safer and more viable after the 2007 financial crisis, this shadow finance, connected to the traditional banking system, is still barely or badly regulated. It was assessed at EUR 67 000 billion in 2011 (compared to EUR 26 000 billion in 2002), half of which (46 %) comes from Europe, a continuing upward trend. Although some parts of this system are vital to the real economy and justify a targeted approach, the motion for a resolution approved today in plenary aligns perfectly with the strengthening of transparency rules and regulation of this sector, which is an indispensable pillar of the global economy."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples