Text tabled : A7-0167/2010

  Petru Constantin Luhan (PPE), in writing. – (RO) With regard to capital movements, the effects of globalisation have had a major influence on financial markets. In fact, apart from adopting the role of controlling inflation, central banks were obliged to introduce a new objective on their agenda, that of stabilising the financial markets.

The crisis has highlighted important gaps when it comes to supervision. Unfortunately, it was not possible to prevent the accumulation of excessive risk in this sector. At the same time, there were numerous weaknesses at macro-prudential supervision level.

I voted for the report because I believe that a new financial sector which will entail integrated micro-prudential supervision is an absolute must. This will enable us, in future, to successfully identify and prevent future risks capable of threatening financial stability at European level.