Translation of "Norme prudentielle internationale " (French → English) :

within the framework of the independent accounting standard setting process, improve involvement of stakeholders, including prudential regulators and emerging markets, through the IASB's constitutional review.

6. Points to the overriding importance of safeguarding the stability of financial markets and reassuring consumers in the light of the current financial crisis; notes that the current crisis shows the need for the European Union to develop oversight measures in order to increase investor transparency, establish better valuation standards, improve prudential supervision and rate the role of rating agencies; asks the Commission to work in full partnership with the European Parliament when developing the roadmap agreed by the ECOFIN Council in December 2007 in order to improve the Lamfalussy process, financial services legislation, and th ...[+++]e transposition and implementation process; considers that the targeted review of the Capital Requirement Directive that has been announced should improve the prudential framework and risk management of financial institutions, thus increasing confidence between market players; reaffirms the crucial importance of having better, single, representation of the EU in international financial institutions and regrets the absence of a proposal to this effect;

6. Points to the overriding importance of safeguarding the stability of financial markets and reassuring consumers in the light of the current financial crisis; notes that the current crisis shows the need for the European Union to develop oversight measures in order to increase investor transparency, establish better valuation standards, improve prudential supervision, and rate the role of rating agencies; asks the Commission to work in full partnership with Parliament when developing the roadmap agreed by the ECOFIN Council in December 2007 in order to improve the Lamfalussy process, financial services legislation, and the transposit ...[+++]ion and implementation process; considers that the announced targeted review of Directive 2006/48/EC relating to the taking up and pursuit of the business of credit institutions and Directive 2006/49/EC on the capital adequacy of investment firms and credit institutions should improve the prudential framework and risk management of financial institutions, thus increasing confidence between market players; reaffirms the crucial importance of having better, single, representation of the EU in international financial institutions and regrets the absence of a proposal to that effect;

6. Points to the overriding importance of safeguarding the stability of financial markets and reassuring consumers in the light of the current financial crisis; notes that the current crisis shows the need for the European Union to develop oversight measures in order to increase investor transparency, establish better valuation standards, improve prudential supervision, and rate the role of rating agencies; asks the Commission to work in full partnership with Parliament when developing the roadmap agreed by the ECOFIN Council in December 2007 in order to improve the Lamfalussy process, financial services legislation, and the transposit ...[+++]ion and implementation process; considers that the announced targeted review of Directive 2006/48/EC relating to the taking up and pursuit of the business of credit institutions and Directive 2006/49/EC on the capital adequacy of investment firms and credit institutions should improve the prudential framework and risk management of financial institutions, thus increasing confidence between market players; reaffirms the crucial importance of having better, single, representation of the EU in international financial institutions and regrets the absence of a proposal to that effect;

The European Council emphasises the necessity of strengthening the regulatory focus on risk management and prudential standards in financial sector institutions, in particular examining the implications arising from the operation of leveraged international financial organisations, including hedge funds.

within the framework of the independent accounting standard setting process, improve involvement of stakeholders, including prudential regulators and emerging markets, through the IASB's constitutional review.