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Robert Dušek | MEP | S&D | en | cs | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The submitted report aims to unify current European legislation and, at the same time, adapt it to technical development. Biocidal products and substances in our society are indispensable, for they help fulfil stringent health and hygiene requirements. A whole series of micro-organisms have already become resistant to... | null |
Edite Estrela | MEP | S&D | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of the report on the proposal for a regulation of the European Parliament and of the Council concerning the placing on the market and use of biocidal products. I did so because it strengthens the rules on the authorisation, commercialisation and use of biocides in the EU, with a view to protecting hu... | null |
Diogo Feio | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The high standards of hygiene to which our civilisation has grown accustomed require an increasingly constant and intensive use of biocidal products. At the same time, we demand that these products are ever more effective and aggressive, which means that they are also more dangerous to handle. For that very reason, th... | null |
José Manuel Fernandes | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | This regulation seeks to standardise the existing regulations at a European level and adapt them to recent technical developments. Consumers should be able to assume that the products that they purchase meet uniform minimum standards for the EU internal market, irrespective of the Member State where the product was pu... | null |
João Ferreira | MEP | GUE/NGL | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The fact that we abstained at first reading shows our concern about certain critical issues that a majority in this House has ignored, in view of the real need for the Member States to protect their citizens against the harmful effects on health and the environment of the active biocidal substances that are used on th... | null |
Elisabetta Gardini | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The text which is being voted on contains notable improvements over the original motion and I commend Mrs Klaß for the effective mediation work that has been done. Indeed, I welcome the objectives which have been reached of a greater level of data protection for business and the gradual introduction of a centralised a... | null |
Françoise Grossetête | MEP | PPE | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of this text. Thanks to this legislation which was approved at first reading by the European Parliament, biocides for use against parasites and germs are about to become safer and more environmentally friendly. The overall purpose of this proposal for a regulation is to bring up to date the Community... | null |
Elisabeth Köstinger | MEP | PPE | en | de | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | Biocides are intended to provide protection against pests, vermin and bacteria and have everyday uses as well as agricultural applications. In order to increase safety in connection with the use of biocidal products and to establish a system of scrutiny, it is logical for these substances to be subject to the same tes... | null |
Giovanni La Via | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The role of biocides has always been somewhat controversial, probably as a result of the fact that their identification and definition is not always easy. It is certain, however, that biocides have many uses in our daily lives and it is therefore necessary to understand their real impact on the safety and health of al... | null |
Nuno Melo | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | Every year, approximately 90 million tonnes of biocidal products, the function of which is to control pests and germs, are placed on the market. The European Union’s concerns on this matter are therefore completely natural, since it advocates that biocides should be safer and more environmentally friendly. Accordingly... | null |
Radvilė Morkūnaitė-Mikulėnienė | MEP | PPE | en | lt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The regulation on the placing on the market and use of biocidal products, being voted on today, allows us to take another step towards a centralised system for the registration of biocidal products. The registration system for chemical materials introduced with the REACH Regulation demonstrates that the rejection of s... | null |
Aldo Patriciello | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | Biocides are an integral part of our civilisation and are essential for meeting our high health and hygiene standards; biocides must be effective in avoiding illness and infection, but may, at the same time, be highly dangerous: for this reason, optimal management of these substances is necessary. The new regulation o... | null |
Rovana Plumb | MEP | S&D | en | ro | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The future regulation provides for a simplified procedure for product authorisation subject to certain conditions in order to avoid unnecessary costs and excessive fees. It is also a revision of the existing 1998 directive and establishes the focus of authorisation with the European Chemicals Agency. I support the gra... | null |
Frédérique Ries | MEP | ALDE | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The new European regulation on biocides is not only an internal market matter. It is also a matter of health and environmental protection. That, in brief, is the message sent out by the European Parliament today Of course, several demands from manufacturers have to be met concerning these products for use against verm... | null |
Raül Romeva i Rueda | MEP | Greens/EFA | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | We abstained on this report because the advances made in terms of protection for human health and the environment have been wiped out by the gifts made to industry which jeopardise the functioning of the European Chemicals Agency. One can accept that over time, all biocidal products could pass through the centralised ... | null |
Luís Paulo Alves | MEP | S&D | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of the following report as I believe that what Europe really needs is a financial supervisory body, like a complex yet efficient structure, which is able to dominate the financial institutions of the European Union and ensure that they function properly. In view of this, I look very favourably upon t... | null |
Sophie Auconie | MEP | PPE | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | This proposal for a regulation establishing a European Insurance and Occupational Pensions Authority forms part of the financial supervision package. This package establishes three European authorities to oversee specific sectors of the financial industry: banks, insurance and financial markets. I fully supported this... | null |
Elena Băsescu | MEP | PPE | en | ro | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The European Insurance and Occupational Pensions Authority (EIOPA) will have responsibility for dealing with a number of practical issues, such as non-life insurance policies and life insurance policies which provide a form of investment and occupational pensions. If we bear in mind that the insurance market in new Me... | null |
George Becali | MEP | NI | en | ro | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted for this report because three new European supervisory authorities (ESAs) will be created, replacing the current supervisory committees. They will have much greater powers than the consultative remit of the current system. They may also receive additional powers in the future, thanks to the review clause. The ... | null |
Lara Comi | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The performance of the European financial system depends on careful risk management and accurate assessment of the structural stability of the entire sector. A new supervisory authority involves a clear assumption of responsibility by the Union’s institutions to ensure that crises are prevented, free riding is discour... | null |
Vasilica Viorica Dăncilă | MEP | S&D | en | ro | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I agree with the Commission’s proposal to create three new decentralised European agencies for insurance and occupational pensions and I think that their creation is all the more welcome against the current backdrop of the economic and financial crisis which hit Europe in 2008. | null |
Mário David | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | As with previous reports on the creation of European financial regulation authorities, I am also voting for the proposal creating a European Insurance and Occupational Pensions Authority. I would stress once again the importance of providing the European Union, and the internal market in particular, with European supe... | null |
Diogo Feio | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | If there is one thing that we have all learnt from the recent crisis, irrespective of our political convictions or worldviews, it is the need to reform the institutional supervision structure by creating European bodies and, in so doing, to rethink the whole concept of macro- and micro-economic supervision. There are ... | null |
José Manuel Fernandes | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | In order to protect the transparency and credibility of European markets and institutions vis-à-vis the public, it is vital to strengthen the powers, resources and autonomy of European supervision of the insurance and occupational pensions markets. This will ensure the effectiveness of the current reform that the EU i... | null |
Ilda Figueiredo | MEP | GUE/NGL | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | This report is part of what is known as the financial supervision package. When voting on it, we bore in mind the way in which the Council, the Commission and Parliament itself delayed measures in this area and confined themselves to adopting decisions that do not alter the basic issue, which is financial speculation,... | null |
Cătălin Sorin Ivan | MEP | S&D | en | ro | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The European Parliament has called on a regular basis for equal opportunities for all agencies operating at EU level. At the same time, the EU has also been seen to suffer significant failures in its supervision of the integrated financial markets. I am voting in favour of the report on the proposal for a regulation o... | null |
Alan Kelly | MEP | S&D | en | en | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The creation of the European Insurance and Occupational Pensions Authority (EIOPA) is part of the Commission's proposals based on the recommendations of the Larosière Report of February 2009. The Larosière Report suggested the strengthening of the supervisory framework in order to reduce the risk and severity of future... | null |
Giovanni La Via | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of the report on the proposal for a regulation of the European Parliament and of the Council establishing a European Insurance and Occupational Pensions Authority because I believe it is necessary to fill the gaps which exist today with regard to coordination, the uniform application of EU law and tr... | null |
Jean-Luc Mélenchon | MEP | GUE/NGL | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | Systems for insurance and for occupational pensions should be guaranteed by Member States. Europe is obviously not going in that direction at a time of reductions in public revenue and expenditure. The Green Paper brought out by the Commission on 7 July regarding retirement pensions is there to remind us of this. In t... | null |
Nuno Melo | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The recent financial crisis has highlighted major weaknesses in financial supervision, both in individual cases and in relation to the financial system as a whole. Models of supervision have had a national perspective and have not adapted to the globalisation that has occurred within the financial system, in which var... | null |
Andreas Mölzer | MEP | NI | en | de | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The financial crisis actually brought to light numerous weaknesses in the financial system. Particularly in the sensitive area of insurance, reinsurance and occupational pensions, it must be ensured that risky financial products and house-of-cards constructions are not utilised. Recently, for example, an online insure... | null |
Franz Obermayr | MEP | NI | en | de | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | At a time when banks and insurance companies are operating across borders, a purely national form of supervision for these companies is inadequate, as the current economic and financial crisis shows. However, it should be viewed as positive that, in the case of serious budgetary problems, the Member States have retain... | null |
Paulo Rangel | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of the resolution because I agree with the Commission’s proposal and with the amendments to it tabled by Parliament. | null |
Dominique Vlasto | MEP | PPE | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I am delighted to see the commitments taken by my political side during the financial crisis broadly supported by the European Parliament. It was imperative for us to review the European System of Financial Supervisors. The lack of coordination between national supervisory bodies increased the future risk of financial... | null |
Damien Abad | MEP | PPE | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The creation of a European financial supervision had been suggested in September 2009 by the European Commission, and was based on work carried out by the group chaired by Jacques de Larosière. From 1 January 2011, the Union will therefore have at its disposal a ‘control tower’ to identify financial risks, and will ha... | null |
Luís Paulo Alves | MEP | S&D | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted for the following report because I believe that the current EU system has several faults as regards macro-financial supervision and because I believe that this issue is far too important to be forgotten. Initiatives implemented with the intention of resolving this issue should be welcomed. If it were good for ... | null |
Sophie Auconie | MEP | PPE | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | This proposal for a regulation establishing a European Insurance and Occupational Pensions Authority forms part of the financial supervision package. This package establishes three European authorities to oversee specific sectors of the financial industry: banks, insurance and financial markets. I fully supported this... | null |
Zigmantas Balčytis | MEP | S&D | en | lt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The recent economic crisis has raised many questions, which we urgently need to answer, and has shown that although the European Union does have numerous economic policy coordination instruments, hitherto, they have not been used fully and the existing management system has significant gaps. The creation of the Europe... | null |
George Becali | MEP | NI | en | ro | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I have called for the European Systemic Risk Board (ESRB) to have increased powers in order to ensure rapid, clear communication. The ESRB will create a common set of indicators to make it possible to categorise on a standard basis the risks of the various cross-border financial institutions and identify the type of r... | null |
Jan Březina | MEP | PPE | en | cs | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of the reform of financial oversight in the EU despite the fact that I have many reservations about the decision that was taken. The need for regulation was excessively promoted over the need for a free market environment for banks and the financial sector. The authorities of the national and Europea... | null |
Lara Comi | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The majority of economists believe that forecasts are rarely characterised by reasonable certainty; therefore, the only remedy that remains is monitoring and self-protection. The European Parliament, together with the Council of Ministers for the Economy and Finance and the relevant Commissioners, has carried out some... | null |
Corina Creţu | MEP | S&D | en | ro | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | In voting for this report, I have called for this European Systemic Risk Board (ESRB) to have increased powers in order to ensure rapid, clear communication. The ESRB will create a common set of indicators to make it possible to categorise on a standard basis the risks of the various cross-border financial institution... | null |
Mário David | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I am voting in favour of the majority of this report’s proposals and the creation of a European Systemic Risk Board (ESRB). The European Parliament, aware of its responsibilities and making use of the new powers granted to it under the Treaty of Lisbon, must be called on to play a key role in improving the EU’s superv... | null |
Diogo Feio | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | If there is one thing that we have all learnt from the recent crisis, it is the need to reform the institutional supervisory structure by creating European bodies and, in so doing, to rethink the whole concept of macro- and micro-economic supervision. As I have had occasion to say countless times before, I personally ... | null |
José Manuel Fernandes | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The creation of structures that are capable of preventative intervention, sustained by permanent, carefully reasoned evaluation, should be a priority in the EU decision- and policy-making process in the current framework for responding to the current crisis, where it is imperative to ensure the efficiency of Union mac... | null |
Ilda Figueiredo | MEP | GUE/NGL | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | When voting on this and other reports included in the financial supervision package, we bore in mind the way in which the Council, the Commission and Parliament itself delayed measures in this area and confined themselves to adopting decisions that do not alter the basic issue, which is financial speculation, includin... | null |
Alan Kelly | MEP | S&D | en | en | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I welcome the European Commission’s proposal to establish a new body called the European Systemic Risk Board (ESRB) in response to the financial, economic and social crisis that has swept across the European Union. The ESRB will operate under the auspices of the European Central Bank and will monitor and assess risks t... | null |
Edvard Kožušník | MEP | ECR | en | cs | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I am sure that the expert group led by Jacques de Larosière conducted a high quality analysis of the causes of the crisis and its solution at a European level. Despite this, I have some misgivings about the legislative package proposed by the Commission. I can personally imagine the creation of a European Council for ... | null |
Nuno Melo | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The recent financial crisis has highlighted major weaknesses in financial supervision, at both micro-prudential and macro-prudential levels. Supervision models have not adapted to the globalisation that has occurred within the financial system, in which various financial groups conduct their operations across borders ... | null |
Claudio Morganti | MEP | ID | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I fully support the report and the provisions which have been introduced and which are aimed at achieving greater market stability. The report was necessary to protect the unity of the internal market. Safeguarding the internal market is essential. Nevertheless, I have doubts about the monitoring that the European Cen... | null |
Franz Obermayr | MEP | NI | en | de | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | At a time when banks and insurance companies are operating across borders, a purely national form of supervision for these companies is inadequate, as the current economic and financial crisis shows. However, it should be viewed as positive that, in the case of serious budgetary problems, the Member States have retain... | null |
Miguel Portas | MEP | GUE/NGL | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I abstained. On the one hand, the compromise reached on macro- and micro-prudential supervision is a step forward compared with the current lack of any EU-scale assessment or regulation of financial risk. On the other hand, however, the solutions put forward are not equal to the problems they are meant to address. The... | null |
Paulo Rangel | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of the resolution because I agree with the Commission’s proposal and with the amendments to it tabled by Parliament. Given the integration of international financial markets, there is a need for a strong commitment on the part of the Union at the global level. The European Systemic Risk Board should ... | null |
Evelyn Regner | MEP | S&D | en | de | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of the report on macro-prudential oversight of the financial system and establishing a European Systemic Risk Board as this is a significant part of the new financial market architecture in the EU and the package represents a major step towards regulation of the financial markets. As rapporteur for t... | null |
Viktor Uspaskich | MEP | ALDE | en | lt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The financial crisis has shown micro-supervision by the national authorities to be insufficient to enable systemic risks to be identified and averted swiftly. We must establish an effective European system of supervision to monitor, assess and avert potential risks to financial stability. The report clearly highlights... | null |
Luís Paulo Alves | MEP | S&D | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted for this report because the financial crisis has laid bare the faults of the financial markets at global level, and the European markets were no exception, meaning that they did not remain immune in an increasingly integrated global economy. Parallel to the proposals to create an integrated level of supervisio... | null |
Sophie Auconie | MEP | PPE | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | On this matter, the European Parliament is clearly making a stand for closer integration of financial supervision on a European level. I welcome this because I believe that Europe had a duty to act in this respect in order to show European citizens that we are taking strong and tangible action in favour of stabilising... | null |
Regina Bastos | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of the financial supervision package, for the reasons outlined below. The creation of the three authorities must be accompanied by a single set of rules so as to ensure consistent harmonisation and uniform application; this will help the internal market to function more effectively. The authorities m... | null |
George Becali | MEP | NI | en | ro | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted for this report as it has consumer protection as its main objective. In response to the complex nature of existing financial services, I have urged for consumer protection to be at the heart of the ESAs’ activity. They will have the power to investigate certain types of financial institutions, financial produc... | null |
Vilija Blinkevičiūtė | MEP | S&D | en | lt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted for the report in which the European Parliament approves the establishment of the European Insurance and Occupational Pensions Authority. This institution should aim to improve the functioning of the internal market, above all, by ensuring a high, effective and consistent level of regulation and supervision, t... | null |
Diogo Feio | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The growing interconnection of national markets, the multinational or, at least, transnational nature of many of the main actors in the financial markets and, especially, the economic and financial crisis now being felt around the world, have revealed the need to rethink, reformulate and even recast the way in which s... | null |
Jean-Luc Mélenchon | MEP | GUE/NGL | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The competences granted to the three so-called European ‘Supervisory’ Authorities (ESAs) are not confined to what their title would lead one to suppose. They should be attached to the Council of Member States. They should not be able to put in place any measure whatsoever without the prior agreement of the Council exc... | null |
Aldo Patriciello | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | Since the launch of the Financial Service Action Plan, Parliament has been a central actor in the construction of a single market for financial services, actively promoting harmonisation, transparency and fair competition, while ensuring investor and consumer protection. Long before the financial crisis, Parliament ha... | null |
Lara Comi | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The establishment of one or more authorities is necessary but is insufficient to detect signs of anomalies and forecast the onset of problems in the financial markets. The second step consists of calibrating these authorities so that they are assigned functions and tasks which are not redundant, but concrete and achie... | null |
Corina Creţu | MEP | S&D | en | ro | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | In response to the complex nature of existing financial services, I have voted for consumer protection to be at the heart of the ESAs’ activity. They will have the power to investigate certain types of financial institutions, financial products such as toxic products, or financial activities such as ‘naked short selli... | null |
Corina Creţu | MEP | S&D | en | ro | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The European Insurance and Occupational Pensions Authority has become an absolute must in the wake of the economic and financial crisis. This has highlighted the shortcomings of the instruments for supervising the market and the vulnerability of Europe’s citizens, specifically depositors, investors or contributors. Th... | null |
Mário David | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I am voting altogether in favour of the measures tabled in this report in respect of the powers of the European supervisory authorities (ESAs). Despite having laid bare the weaknesses of the financial market, the current situation of the European and world economies is a good opportunity for the EU to develop a strong... | null |
Marielle De Sarnez | MEP | ALDE | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | To bring an end to the financial crisis that has shaken the world, destabilised our economy, worsened unemployment and accelerated our indebtedness, we need regulation and supervision. This is why it was important for us to show our support and to vote for the six reports proposing an ambitious and large-scale reform ... | null |
José Manuel Fernandes | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | As is now clear due to the consequences of the current economic and financial crisis, the continued success of the European integration process is absolutely dependent on its ability to find solutions for strengthening the powers of integrated supervisory structures at European level. National sovereignty is increasin... | null |
Alan Kelly | MEP | S&D | en | en | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The European Commission's proposal to update a series of banking and securities directives so that they can adapt into the new European architecture of financial supervision should be embraced. The new financial supervisory framework should go beyond individual risk of financial institutions regulated by the national s... | null |
Nuno Melo | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The recent financial crisis highlighted major weaknesses in financial supervision, both in individual cases and in relation to the financial system as a whole. Supervision models have not adapted to the globalisation that has occurred within the financial system, in which various financial groups conduct their operati... | null |
Franz Obermayr | MEP | NI | en | de | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | At a time when banks and insurance companies are operating across borders, a purely national form of supervision for these companies is inadequate, as the current economic and financial crisis shows. However, it should be viewed as positive that, in the case of serious budgetary problems, the Member States have retain... | null |
Paulo Rangel | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | This directive should identify situations where a procedural or a substantive issue of compliance with Union law may need to be resolved and the supervisors may not be able to resolve the matter on their own. In such a situation, one of the supervisors involved should be able to refer the issue to the competent Europe... | null |
Luís Paulo Alves | MEP | S&D | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The financial crisis has shown financial regulation to be inadequate and the mechanisms for market supervision to be weak. We all know that mere cooperation between national supervisory authorities was not sufficient for a single internal market, which is an area truly without borders. That is why I believe that a new... | null |
Sophie Auconie | MEP | PPE | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | This proposal for a regulation establishing a European Banking Authority forms part of the financial supervision package. This package establishes three European authorities to oversee specific sectors of the financial industry: banks, insurance and financial markets. In the same way as for the Skinner and Giegold rep... | null |
Vito Bonsignore | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I commend the rapporteur for his sustained efforts and for the compromise reached. It is now generally acknowledged that first the financial crisis and then the economic crisis have underlined how crucial it is for Europe to speak with one voice: in the face of a global economic crisis, the EU cannot be divided. We sa... | null |
Lara Comi | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The banking system, which carries out a crucial social and economic role, tends to pursue multiple objectives and causes often undesirable effects. If the main aim of shareholders is the creation of wealth, then the aim of some stakeholders can be to support an entrepreneurial system which is perennially short of liqu... | null |
Mário David | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I am voting in favour of the majority of this report’s proposals and the creation of a European Banking Authority. The financial crisis revealed many weaknesses in financial supervision and in the Union’s banking system, in particular. In view of this fact, the European public realised that Parliament and the Commissi... | null |
Edite Estrela | MEP | S&D | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of this report, since it introduces innovative proposals regarding the supervision of financial institutions, especially cross-border institutions. I think it is important that the large financial entities are afforded special treatment in this document, since their failure could cause the entire fin... | null |
Diogo Feio | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | If there is one thing that we have all learnt from the recent crisis, it is the need to reform the institutional supervisory structure by creating European bodies and, in so doing, to rethink the whole concept of macro- and micro-economic supervision. The European Banking Authority comes as a result of that. Confidenc... | null |
José Manuel Fernandes | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | A European Banking Authority will consolidate the effectiveness of the thorough reform of the current supervision system for the financial markets, in which the EU institutions are now engaged. This will ensure a structural basis for interventions with sufficient powers to avoid a repetition of this latest global fina... | null |
Ilda Figueiredo | MEP | GUE/NGL | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | This is another report included in the financial supervision package and is based on the proposal for a regulation establishing a European Banking Authority as an integral part of a European System of Financial Supervisors. In one of its articles, it states that the objective of the authority is to protect the public ... | null |
Alan Kelly | MEP | S&D | en | en | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The establishment of the European Banking Authority (EBA) is part of the Commission’s proposals following the recommendations of the Larosière Report of February 2009. I welcome the establishment of the European Banking Authority as a European response to the financial and economic crisis has created real and serious r... | null |
Thomas Mann | MEP | PPE | en | de | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of the excellent report by Mr Garcia-Margallo, which makes up a significant part of the financial supervision package. Our crystal clear demands – two years after the start of the global financial crisis – characterise an ambitious project. The future European Banking Authority (EBA) will combine the... | null |
Nuno Melo | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The recent financial crisis has highlighted major weaknesses in financial supervision, both in individual cases and in relation to the financial system as a whole. Models of supervision have had a national perspective and have not adapted to the globalisation occurring within the financial system, where different fina... | null |
Sławomir Witold Nitras | MEP | PPE | en | pl | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | From Poland’s point of view, but also from that of the Union as a whole, it is a matter of the greatest importance that we have uniform legislation. A number of regulations, which are part of the financial supervision package, have been brought into force today. The financial crisis revealed a series of weak points in... | null |
Franz Obermayr | MEP | NI | en | de | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | At a time when banks and insurance companies are operating across borders, a purely national form of supervision for these companies is inadequate, as the current economic and financial crisis shows. However, it should be viewed as positive that, in the case of serious budgetary problems, the Member States have retain... | null |
Aldo Patriciello | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The current financial crisis has brought to light something that Parliament criticised many years ago: the lack of adequate financial regulation and the weakness of the market supervisory mechanisms. Parliament warned that, if a crisis in the system were to be avoided, it was essential to pursue three objectives: libe... | null |
Paulo Rangel | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of the resolution because I agree with the European Commission’s proposal and with the respective amendments introduced by the European Parliament. | null |
Oreste Rossi | MEP | ID | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | At a time of economic and financial crisis, the European Union should adopt strong measures at a European level by increasing control over banking institutions and their financial markets. The creation of four new bodies could prove to be a valid alternative, guaranteeing close collaboration with the national supervis... | null |
Bogusław Sonik | MEP | PPE | en | pl | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The crisis revealed the weakness of Union supervisory frameworks, which were divided along national borders, and it also demonstrated the necessity of better supervision of supranational financial institutions. European decision makers considered it imperative to introduce a harmonised system of financial supervision.... | null |
Viktor Uspaskich | MEP | ALDE | en | lt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | Ladies and gentlemen, the lack of adequate financial regulation in Europe and the poor development of market supervision became clear during the financial crisis. I probably do not need to remind you that Lithuania is one of the countries worst affected by the global financial crisis. At one time, Lithuania’s growth w... | null |
Derek Vaughan | MEP | S&D | en | en | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | This report, and the corresponding reports voted as part of the financial supervision package, herald a new era in financial regulation, where banks will no longer be able to take advantage of grey areas in regulatory regimes, and the EU will be able to provide better protection from risky financial products and activi... | null |
Dominique Vlasto | MEP | PPE | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I am delighted to see the commitments taken by my political group during the financial crisis broadly supported by the European Parliament. It was imperative for us to review the European System of Financial Supervisors. The lack of coordination between national supervisory bodies increased the future risk of financia... | null |
Luís Paulo Alves | MEP | S&D | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted in favour of this report as I believe that the European financial market cannot survive or function adequately if the financial supervision mechanisms for the EU area continue to differ within the EU. I think that it is essential for the EU to develop a new financial architecture that includes robust financial... | null |
Sophie Auconie | MEP | PPE | en | fr | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | Once again, I endorse the compromise reached with the Council regarding the ‘financial supervision’ package (see my explanations on the Skinner, Goulard, Sánchez Presedo, García-Margallo y Marfil and Giegold reports) and on the question of the ECB’s role in particular. The European Central Bank has proven its ability ... | null |
Lara Comi | MEP | PPE | en | it | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The European Central Bank (ECB) has so far shown that it knows how to do its job well. The fight against inflation was taken seriously in Frankfurt, and ever since the euro came into circulation, an increase in prices systematically higher than the set target has never been recorded. All that is due to the great profe... | null |
George Sabin Cutaş | MEP | S&D | en | ro | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | I voted for this report as I think that a European dimension needs to be created for financial supervision. However, we cannot be naïve in terms of our expectations. A new financial structure will not enable us to avoid economic and financial crises completely. On the other hand, the European Union will have a legal f... | null |
Mário David | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | The proposed financial supervision and regulation architecture that is currently under discussion within the Union will not be able to operate efficiently if supervision continues to be fragmented at national level. On the basis of this principle, I am voting in favour of this report. It will clearly not be possible t... | null |
Diogo Feio | MEP | PPE | en | pt | 2010-09-22T00:00:00 | 2010 | Explanations of voteVideo of the speechesPV | If there is one lesson that we have all learnt from the recent crisis, it is the need to reform the institutional supervision structure by creating European bodies and, in so doing, to rethink the whole concept of macro- and micro-economic supervision. Personally, and as I have had occasion to say innumerable times, t... | null |
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