Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-204"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-10-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Basel II and revision of the Capital Requirements Directive (CRD 4) (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20101006.15.3-204"2
lpv:hasSubsequent	lp_eu:2010-10-06-Speech-3-2052
lpv:speaker	lp:Philippe Lamberts2
lpv:spokenAs	member; ECON (2010-09-20--2012-01-18)3,3 member; G/EFA (2009-07-14--2014-06-30)3,3 member; ITRE (2009-07-16--2012-01-18)3,3 unknown; Ecologistes Confédérés pour l'Organisation de Luttes Originales (2009-07-14--2014-06-30)3,3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3,3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3,3
lpv:translated text	"Madam President, Basel III is supposed to be a starting point and under no circumstances must it be the furthest that the European Union is willing to go. To those who say that if we go further than Basel, we might jeopardise the competitiveness of our banks on the international scene, I say that our primary concern is, and should be, the viability of our economy. And if that means more stringent rules, then so be it. I would also add that we hear so much about a level playing field, and yet the United States does not hesitate to go it alone whenever it can and when it suits it to do so. Therefore, I do not want to see Europe simply waiting for some kind of consensus that will never materialise. Secondly, any transition period must necessarily be time-limited, and I can tell you that the eight years we are envisaging for ourselves is too long. What is more, and this is not something that has been factored in, during this transition period, strict conditions must be introduced regarding the payment of dividends and bonuses. We would find it indecent and unacceptable if, whilst the banks are claiming that it is difficult to build up the capital reserves imposed under the new rules, their shareholders and managers continue to help themselves from the kitty. My final message is directly for the banks. To those banks that complain that they will no longer be able to make the same profits they made during the golden years, I say that all businesses working in industry or retail in the real economy are having to make do with net yearly profits of between two and five per cent – and that is nothing to be ashamed of. It is time to realise, therefore, that the party is over."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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