Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-219"
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"en.20101006.15.3-219"2
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"The submitted report is drafted in relatively precise terms. It analyses clearly the issue of the new proposed banking regulation that is under review (Basel II), and gives a detailed analysis of its main points, which, at present, are being discussed at the practical and academic levels. In concrete terms, it involves introducing measures which should contribute to the greater financial stability of the banking sector, and to reducing the probability of another crisis, focusing on the following five areas: the quality of capital (increasing the quality of bank capital is undoubtedly desirable), stricter liquidity standards (the liquidity risk was shown to be significant during the crisis), countercyclical measures (the creation of additional banking capital in good times should limit excessive credit growth and consequent creation of price bubbles, such as, for example, in Spain), the introduction of a leverage ratio (this new indicator should contribute to the greater stability of banks, but it should include not only financial items contained in the bank’s balance sheet, but also off-balance sheet items, such as derivatives and the contingent liabilities of the bank) and, last but not least, the creation of a central counterparty for the settlement of OTC transactions, particularly in relation to greater transparency in derivatives. Based on the above, I believe that the submitted report contains a detailed analysis as well as relevant recommendations in the area of the proposed bank regulation, and I therefore recommend that the proposed text be approved."@en1
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