Explanation of Votes

Towards a pan-European covered bonds framework

Covered bonds have already proved themselves over centuries in some of European markets. They have provided robust and flexible methods for raising finance, benefitting both issuers and investors in a reasonably transparent framework. In the run-up to the Commission’s proposal for a Directive, the European Parliament has approved a comprehensive and well-balanced resolution. As Shadow

Explanation of Votes

Financial Labelling

My vote on this resolution has been conditioned by an awareness that in recent years, there has been a growing demand for securities by people who were finding that their income from personal funds deposited with banks has shrunk. For some, it has practically become non-existent. The overall drop in interest rates which made bank