Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-208"

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	"de"^^xsd:language2
lpv:document identification number	"en.20101006.15.3-208"2
lpv:hasSubsequent	lp_eu:2010-10-06-Speech-3-2092
lpv:speaker	lp:Wolf Klinz2
lpv:spokenAs	member; Conference of Committee Chairs (2009-10-15--2011-07-31)3,3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3,3 member; ALDE (2009-07-14--2014-06-30)3,3 substitute; DEVE (2009-07-16--2011-10-25)3,3 unknown; Freie Demokratische Partei (2009-07-14--2014-06-30)3,3 member; ECON (2009-07-16--2012-01-18)3,3 vice-chair; Delegation for relations with Canada (2009-09-29--2014-06-30)3,3 chair; Special Committee on the Financial, Economic and Social Crisis (2009-10-15--2011-07-31)3,3
lpv:translated text	"Madam President, ladies and gentlemen, if banks have to hold more capital for loans and financial instruments, that increases their ability to bear losses. The most recent proposals from the Basel Committee take this stability-based approach as their basis. Unfortunately, the Basel Committee has not, as yet, satisfactorily addressed the problem of system-relevant banks. I therefore welcome Mr Karas’s call for the requirements for the liquidity standards to be made independent of system-relevance. In other words, appropriately tougher requirements need to apply to banks that, due to their size or interconnectedness with the global financial system, need to be bailed out using taxpayers’ money in crisis situations. We should take a more differentiated approach to the factor of debt leverage. Only when it is empirically proven that this instrument does not lead to arbitrage and distortions of competition and actually counters the overheated granting of loans should we consider permanently incorporating it into the first pillar. There is a need, in any case, for these proposals to be implemented at the global level. We cannot allow the US authorities to have a decisive influence on the Basel proposals only to not then implement them. The G20 summit in Seoul next month will show whether, and to what extent, we can achieve this objective."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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