OPEN DAYS dopiero w październiku, ale juz teraz zachęcam do znalezienia czasu we własnym kalendarzu i zgłoszenia się do udziału w tym wydarzeniu, które odbędzie się po raz ósmy w Brukseli i potrwa od 4 do 7 października. Wielokrotnie, jako komisarz ds. polityki regionalnej miałam okazję przekonać się, jak ważne dla uczestników (...).
Statement by Prof. Danuta Hübner, MEP,
in the Plenary session 6 July 2010
Joint debate on financial supervision
(including cross-border crisis management)
Colleagues,
The current crisis has taught us that when a European bank runs into trouble, its problems can spill across borders. An EU-wide system of financial supervision is being established to deal with the prevention of such situations, while an integrated European framework for cross-border crisis management will hopefully complement the supervisory architecture as soon as possible. The last two years have proved that relying on national approaches to cope with crises is clearly a suboptimal solution.
The new system will have to be developed in such a way that a crisis can be handled cost-effectively, that moral hazard will be eliminated and that tax-payer financed bailouts will be excluded. Asset transfers have to be regulated in a manner ensuring a level playing field especially for host countries.
The cross-border crisis management system, based on a 28th regime concept, should be designed in a way that would eliminate the interdependence between banks and national budgets. It should also contribute to the emergence of a single banking market in the Union. After all, if we had a single banking market in Europe, we would not have to talk about cross-border crisis management. And last but not least, let me emphasise that all the elements of the European financial stability framework as well as the resolution regime for cross-border institutions should be adopted urgently to reduce uncertainty and fragilities in the banking sector. Having a European mechanism in place would also allow Europe to be more effective in ensuring that global solutions materialise quickly.
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