Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-09-26-Speech-1-104"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2005-09-26"^^xsd:date2
dcterms:Is Part Of	lp_eu:1. Taking up and pursuit of the business of credit institutions, 2. Capital adequacy of investment firms and credit institutions2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20050926.14.1-104"2
lpv:hasSubsequent	lp_eu:2005-09-26-Speech-1-1052
lpv:speaker	lp:Jean-Paul Gauzès2
lpv:spokenAs	member; Delegation to the EU-Romania Joint Parliamentary Committee (2004-09-15--2006-12-31)3 member; EPP-ED (2004-07-20--2009-03-22)3 member; ECON (2004-07-21--2007-01-14)3 substitute; JURI (2004-07-22--2007-01-14)3 member; Delegation for relations with Iran (2004-09-16--2007-03-13)3 unknown; Union pour un Mouvement Populaire (2004-07-20--2009-07-13)3
lpv:translated text	"Mr President, Commissioner, ladies and gentlemen, I would like first of all to congratulate Mr Radwan on the quality of his report in a field that is very technical, but crucial for banking. The draft directive implements or updates the general security principles of the banking system and, in particular, as regards the solvency of credit institutions. Two specific aspects will warrant more in-depth consideration in the future: the division of risks, in order sensibly to control the proportion of regulatory own funds validated by a single signature, and the harmonisation of rules relating to the internal control systems in order to take account of the circumstances of cross-border banking groups. In this respect, I would have liked – and I had tabled amendments to this end – more consideration to have been given to the European dimension where cross-border internal group lending and supervision on a consolidated basis were concerned. I acknowledge, however, that the draft directive, as amended by Parliament, strikes the greatest balance we could realistically envisage at present between the responsibilities of the regulatory authorities in the home country and of those in the host country with regard to banking groups carrying out cross-border activities. In the unfortunate absence of the Constitution, the proposals made by the Council Presidency seem to me pragmatically to preserve the legitimate rights of Parliament. For their part, the banks have, over several years, harnessed human, financial and technical resources in order to keep to the deadline. The statutory deadline must therefore be retained, whatever questions may be asked by the United States. It is important that the directive enter into force on the date scheduled. That is why I hope that Parliament adopts the draft submitted to it and that an agreement is reached at first reading."@en1

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