Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-04-16-Speech-2-352-062"
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"en.20130416.42.2-352-062"2
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"A good compromise has been agreed on the new Capital Requirements Regulation which, together with the fourth Capital Requirements Directive (AT-0170/2012), forms the capital requirements package, one of the most important pieces of legislation ever to come before MEPs. The package establishes for the first time a single set of prudential rules for all 8 000 EU banks, which will help ensure that banks are stronger and more responsible in times of crisis. I welcome in particular the introduction of EU-wide limits on bankers’ bonuses. It is simply not acceptable that banks whose reckless lending caused the crisis, putting millions out of work, and which have since received billions in taxpayers’ bailouts are continuing to pay out hundreds of millions in bonuses to an elite group of bankers. This package is also of particular importance for Ireland’s recovery. Without new EU rules on prudential supervision, we would not be able to establish a single supervisory mechanism for the European banking system, which in turn is required to give effect to last year’s decision to break the link between banking and sovereign debt. We are in effect slowly but surely unravelling the disastrous blanket bank guarantee decision of the last Irish Government."@en1
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