Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-07-02-Speech-2-703-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2013-07-02"^^xsd:date2
dcterms:Is Part Of	lp_eu:Reforming the structure of the EU banking sector (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20130702.54.2-703-000"2
lpv:hasSubsequent	lp_eu:2013-07-02-Speech-2-704-0002
lpv:speaker	lp:Arlene McCARTHY2
lpv:spoken text	"Mr President, thanks to everyone that participated in the debate. I want in my defence to say that I produced an ambitious report. I did not produce a British proposal. In fact this week I shared a panel with John Vickers, who is the author of the Vickers reform proposal, and he categorically said that Vickers was never designed to apply to the entire EU banking sector. So let us not argue over whether we need a UK, a German, a French or a Dutch proposal. We have a consensus that we actually do need a European framework, because we need a European framework to allow Member States to implement their national reforms on equal principles which should not be a race to the bottom. Diversity is a strength, I agree with the Commissioner on that. But it should not be an excuse for a weak or cosmetic reform at EU level. I know that some have feared that the reform would be costly; I presume costly for banks. But the fact is that the costs up to now have been borne by depositors and they have paid too high a price for the mistakes and the risks taken by the banking sector. To those who say, as Mr Kamall said, that the reform comes too late, I would say: better late than never. We will have a big debate on the legislative proposal and that, I believe, is the time to get the details right. We will have the knowledge from the impact assessment; we will have the feedback from the consultation. So I look forward to working with the Commissioner to make sure that we get a good and effective structural reform proposal based on the principles that we have laid down in our report and which, I hope, will receive a majority from this Parliament in tomorrow’s vote."@en1
lpv:spokenAs	unknown; Labour Party (2009-07-14--2014-06-30)3 vice-chair; ECON (2012-01-23--2014-06-30)3 member; S&D (2009-07-14--2014-06-30)3 substitute; Delegation to the EU-Turkey Joint Parliamentary Committee (2009-09-16--2014-06-30)3 substitute; JURI (2012-01-19--2014-06-30)3 member; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-16--2014-06-30)3
lpv:unclassifiedMetadata	"Arlene McCarthy,"1 "rapporteur"1
lpv:videoURI	<go to Events_and_structure europarl>2

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