Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-04-16-Speech-2-044-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2013-04-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Credit institutions and prudential supervision - Prudential requirements for credit institutions and investment firms (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20130416.4.2-044-000"2
lpv:hasSubsequent	lp_eu:2013-04-16-Speech-2-045-0002
lpv:speaker	lp:Phil Prendergast2
lpv:spoken text	"Mr President, the agreement between Council and Parliament to limit bankers’ bonuses to a fixed ratio in remuneration is a very welcome breakthrough, together with the set of provisions on the variable element of salaries that aims to deter short-termist approaches and risky behaviour. In terms of much-needed legislative reform on capital requirements, which will implement the Basel III agreements in the EU, this House has faced the usual barrage of resistance and lobbying from the financial sector. The deal reached between the Member States and Parliament represents a badly-needed improvement to avert disastrous outcomes and risky behaviour in the financial sector, but we must remain alert to systemic risk and moral hazard. I look forward to Commissioner Barnier’s proposals on shadow banking and further, robust financial-sector reform. Finally, I wish to stress the importance of flexibility provisions on retail credit to SMEs. These are a crucial means to facilitate financing and investments in the real economy, preventing higher costs for these loans."@en1
lpv:spokenAs	member; S&D (2011-04-21--2014-06-30)3 member; Delegation for relations with the United States (2011-05-09--2014-06-30)3 substitute; PETI (2012-01-19--2014-06-30)3 substitute; AGRI (2012-01-19--2014-06-30)3 member; IMCO (2012-01-19--2014-06-30)3 unknown; Labour Party (2011-04-21--2014-06-30)3 substitute; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2011-05-05--2014-06-30)3
lpv:unclassifiedMetadata	"Phil Prendergast (S&D ). -"1
lpv:videoURI	<go to Events_and_structure europarl>2

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