Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-210"

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	"sv"^^xsd:language2
lpv:document identification number	"en.20101006.15.3-210"2
lpv:hasSubsequent	lp_eu:2010-10-06-Speech-3-2112
lpv:speaker	lp:Olle Ludvigsson2
lpv:spokenAs	unknown; Arbetarepartiet- Socialdemokraterna (2009-07-14--2014-06-30)3 member; EMPL (2009-07-16--2012-01-18)3 substitute; ECON (2009-07-16--2012-01-18)3 substitute; Delegation for relations with Australia and New Zealand (2009-09-17--2013-01-10)3 member; S&D (2009-07-14--2014-06-30)3 member; Delegation to the EU-Former Yugoslav Republic of Macedonia Joint Parliamentary Committee (2009-09-16--2014-06-30)3
lpv:translated text	"Madam President, it is, in many respects, a positive sign that work on the new capital adequacy rules is progressing. The fact that the Basel III process is being brought to a successful conclusion is a prerequisite for being able to restore stability to the financial sector. The report that we are to vote on now is both balanced and well-worded, but I would nevertheless like to highlight three points on which it could have been clearer. Firstly, it is important in itself not to place too much pressure on the banks by giving them far too short an implementation period, but at the same time, it is at least as important that the implementation does not go too slowly. The aim should be for the banks to have sufficient stability to be able to cope with the next recession. With the target as far away as 2017/2018, there is a risk that many banks will not manage this. Secondly, we must ensure that the implementation is carried out with close and positive cooperation with the United States and other players. The clear aim must be for the whole of the international banking sector to be stabilised, not just parts of it. Areas with weaker regulations or a slower rate of implementation could expose the whole of the global system to risks. Thirdly, regular stress tests are an excellent way to continually ensure that the banking system is stable. This is therefore something that we should use as an effective tool to complement the capital rules. Both the frequency and the requirement level of these tests could well be increased. The crisis has demonstrated that some things can happen extremely quickly. In the financial sector, it is therefore important for developments to be monitored very closely at all times."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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