Vote on EU banking reform:

Type: News   Reference: 93960   Duration: 00:01:40  Lieu: Brussels, Belgium - European Parliament
End production: 18/06/2013   First transmission: 18/06/2013
- extracts from the vote EP Committee on Economic and Monetary Affairs Background: MEPs from the Committee on Economic and Monetary Affairs (ECON) voted for reforming the structure of the EU banking sector. The new rules are aiming to lead towards a more stable and resilient banking system in which the possibility for bank ruins is limited and credit to the real economy is efficiently allocated. The reform also follows to prevent public money being used to cover private losses, limit the miss-allocation of financial and human resources away from non bank sectors and the economy. According to rapporteur Arlene McCARTHY (S&D, UK), the reforming package is also aiming to limit the banks abilities to take excessive risks within ensured deposits and to reduce the inter-connectiveness between banks and the shadow banking systems.

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TIME DESCRIPTION DURATION
00:00:00 Title 00:00:05
00:00:05 Exterior view of the European Parliament, Brussels; Belgium (1 shot) 00:00:05
00:00:10 Opening of the vote, (1 shot) 00:00:08
00:00:18 Opening remarks by Arlene McCARTHY (S&D, UK), rapporteur: (Saying that she is very much listening to the Shadow rapporteurs and that she had taken out 80 pages out of the final voting list to be able to reach a large common agreement) 00:00:12
00:00:30 Vote on the report; (8 shots) 00:00:46
00:01:16 Vote on the text as amended, (1 shot) 00:00:22
00:01:38 Final panel, (result: total 43 , in favour 36 , against 3, abstentions 4) 00:00:02
00:01:40 END 00:00:00
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