ECON committee: Exchange of views with Commissioner Barnier
24 May 2011
Barnier stressed that the EC wants to make sure that there is more pluralism with all financial services stakeholders. He also stressed that certain groups should be better heard, particularly SMEs and trade unions.
He presented the following dossiers which are highly important for the Commission at the moment:
- Short selling where a general approach has been adopted.
- OTC derivatives.
- Omnibus II – The Solvency II will also be taken into account.
- Insurance guarantee fund.
- CRD IV which will be adopted at the end of July.
- Bank crisis resolution regime which will be proposed until September so the Commission has the results of the stress tests.
- Corporate governance in the financial sector.
Mr Barnier also stressed the importance of tackling commodities speculation. Furthermore, he said that this is one of his priorities.
Commenting on the possible second reading on EMIR, Barnier said that he respects Langen’s position, but that personally he would like to see a 1st reading agreement.
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