Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-206"

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.20101006.15.3-206"2
lpv:hasSubsequent	lp_eu:2010-10-06-Speech-3-2072
lpv:speaker	lp:Astrid Lulling2
lpv:spokenAs	member; FEMM (2009-07-16--2012-01-18)3 member; Delegation for relations with the countries of Central America (2009-09-16--2014-06-30)3 member_of_the_bureau; EPP (2010-02-25--2014-06-30)3 member; Quaestors (2009-07-15--2012-01-16)3 substitute; AGRI (2009-07-16--2012-01-18)3 member; Parliament's Bureau (2009-07-15--2012-01-16)3 member; ECON (2009-07-16--2012-01-18)3 quaestor; European Parliament (2009-07-15--2012-01-16)3 unknown; Parti chrétien social luxembourgeois (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"Madam President, I would like to start by thanking our rapporteur, Mr Karas, for his excellent work, and I fully support him in his approach to this complex matter. However, I feel it is important to use my two minutes to emphasise an issue which was mentioned in the report but which deserves a closer look. I refer to the matter of mortgage bonds, or in German, in the context of liquidity standards. The new European liquidity standards that we are working towards redefining should give greater recognition to their special economic, legal and operational nature. Mortgage bonds are used for long-term financing and investment in the wider economy. However, the Basel Committee’s current proposal regarding these bonds would have a negative and disproportionate impact on Europe’s economy compared with other major economic zones, such as the United States. I certainly welcome the fact that the agreement reached by the Basel Committee on 26 July 2010 recognises mortgage bonds as highly liquid assets in the context of calculating the liquidity coverage ratio. However, I call upon the Basel Committee and on the Commission, Mr Barnier, to give greater recognition to this financial instrument, with a view to promoting sufficient diversification of the eligible liquidity buffer assets and avoiding any distortion in the markets. This low-risk financial instrument must be given an environment in which it can thrive."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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