Proceeding contribution from Sarah McCarthy-Fry (Labour) in the House of Commons on Tuesday, 1 December 2009. It occurred during Debate on European Financial Services Proposals.
European Financial Services Proposals
Thank you, Mr. Speaker. I was talking about the first part of this package of proposals, which is the European systemic risk board. The body will issue warnings where the risks are deemed significant and recommendations on how to mitigate these risks. The Government strongly support the establishment of the ESRB. We believe it can act as an effective early-warning system, usefully identifying risks in the financial system and complementing the work of the Financial Stability Board and the International Monetary Fund at the international level.
Secondary information
- Type
- Proceeding contribution
- Reference
- 501 c991
- Session
- 2009-10
- Chamber / Committee
- House of Commons chamber
- Subjects
- Banks European Union Financial institutions European Parliament Financial markets EU action EU economic policy Regulation European Central Bank European Systemic Risk Board European Securities and Markets Authority European Banking Authority
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-08 16:41:51 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_598043
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