In my view, the key element in all of this is prudential supervision.

Much can be said and done in this respect at European level because securitisation has completely changed the nature of prudential supervision.

As financial institutions, they are not subject to the normal prudential supervision that is set up for other institutions at national level.

This is all the more reason, therefore, for creating a form of European prudential supervision that is more effective than our own systems.

The authorities responsible for the prudential supervision of investment firms have been invited to participate in discussions of the capital review.

I will simply say to Mrs Wortmann-Kool that we remain open on the question of prudential supervision.

It lays down a supervisory regime founded on the principles of single authorisation and prudential supervision by the home Member State.

Besides saving the EMS, a little prudential supervision of the world's last wholly unregulated financial market wouldn't be such a bad idea.

The activity of supplying payment services presupposes, admittedly, the removal of national obstacles, but at the same time it also requires prudential supervision.

Many Members mentioned prudential supervision and the necessity to improve the situation, I would certainly echo what many Members have said.

Prudential supervision is undertaken by PHIAC to ensure the funds remain solvent.

As a form of prudential supervision rather than administrative control, deposit requirements are consistent with the Maastricht treaty and the Single European Act.

The FSS will strengthen prudential supervision to prevent worsening economic and financial conditions from leading to financial distress in companies.

A French bank is able to open a branch in the United Kingdom and all prudential supervision is conducted in France.

In addition the CNMV exercises prudential supervision by seeking to ensure that the system is solvent and transactions are secure.

The Financial Institutions department's major objective is to maintain a sound market-based financial system through prudential supervision of licensed financial institutions and the insurance industry.

In my view, this comes too late, but we may ask whether we still nevertheless need to draw a functional distinction between supervision of conduct and prudential supervision.

The Member States will be unable to entrust tasks to the EIB on a long-term basis or to ensure that it has prudential supervision.

Firstly, EMU has introduced an unprecedented geographical separation between the area of jurisdiction of monetary policy and that of prudential supervision.

Mr President, following the fall and the serious functional problems of the world financial markets, it is essential to establish stronger European regulations and joint prudential supervision.

We are proposing amendments on all these points, as well as on the second issue giving us cause for concern which is the need to improve social and prudential supervision.

I have tabled an amendment so that our European Banking Authority, which we are hoping to set up, has a remit enabling it to perform prudential supervision tasks.

APRA is responsible for the licensing and prudential supervision of ADIs, life and general insurance companies and superannuation funds.

The so-called "Sovereign Wealth Funds": regulatory issues, financial stability and prudential supervision - European Economy, Economic Papers, April 2009.

Britain (Host State) is obliged to recognize the fact that France only, as the country of origin (Home State) is entitled to conduct prudential supervision.