Institutions that would engender a sound and upright policy framework… that would enforce the nation’s laws and regulations faithfully and consistently that would ensure the smoother functioning of the economy. The ongoing efforts to establish such institutions should help promote a stable and dependable business environment where entrepreneurial activity – particularly of the SME variety – can flourish.
The new responsibilities of the SSM must be subject to democratic accountability. Based on the SSM Regulation, the Interinstitutional Agreement provides for a strong framework for accountability vis-à-vis the European Parliament, and I believe it to be of utmost importance to ensure a trustful relationship between our two institutions.