Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-07-02-Speech-2-211"
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"en.20020702.10.2-211"2
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". – I would like to state clearly that the Commission is of the view that the Basle II negotiations concern the capital adequacy of banks and not of retail chains whether or not they are well capitalised.
Basle II concerns the capital base of banks. Small and medium-sized enterprises also enter into the Basle discussion because, particularly in Germany, they are financed with long-term credits. These credits are valued by banks in a different way from short-term credits and this is why the whole issue of small and medium-sized enterprises enters into the Basle discussion.
This is perhaps neither the time nor the place to discuss the ins and outs of the Basle proceedings, although I remain at the disposition of the honourable Member to go into detail into this area. I would like to assure Members of Parliament that the whole Basle II discussion takes the position of small and medium-sized enterprises fully into account.
In these discussions we are working towards a satisfactory solution which will take adequate account of the interests of small and medium-sized enterprises. To that extent I believe that the honourable Member will have no need to worry."@en1
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