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The political EP groups of ALDE and the PSE organised a joint seminar on the possible systemic risks resulting from the financial crisis and reflected on the ECON own-initiative report on the “Lamfalussy follow-up: future structure of supervision” by co-Rapporteurs Ieke van den Burg and Daniel Daianu.
Disputing Ackerman of Deutsche Bank’s celebrated comments, the market will heal itself, Graham Bishop says, but perhaps only up to a point. So a wise response by the public authorities should build on this natural evolution – and perhaps push it further. Open and competitive financial markets remain essential to channel the rising tide of aging Europeans’ retirement savings into productive investments around the globe.
Full meeting report see below.