Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Tuesday, 1 December 2009. It occurred during Debate on European Financial Services Proposals.
European Financial Services Proposals
The hon. Gentleman said earlier that it is necessary to move quickly during a crisis, and that is absolutely right—this is not just a fiscal protection. Is it part of his argument that changes to the prospectus directive, for example, could hinder the issuing of shares and raising of cash in an emergency? The capital requirements directive, for example, is split between the European banking authority, in relation to the implementation of Basel II, and the European securities and markets authority, in relation to non-prudential issues. Is that the kind of confusion that he thinks might delay quick action in an emergency?
Secondary information
- Type
- Proceeding contribution
- Reference
- 501 c1006
- 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 16:41:50 +0000
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