Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-985"
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"en.20101006.15.3-985"2
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"The crisis has clearly shown that even bank capital has been insufficient regarding solvability and solvency. The existing regulatory framework therefore requires an in-depth revision and thus, the efforts of the Basel Committee to upgrade the framework in general are to be welcomed, in particular, with uniform, clear and transparent regulations. However, there are some shortcomings here and, in its current form, the framework would put the European economy at a competitive disadvantage. European companies rely on credit from the banks. Eighty per cent of investment and lending in Europe is based on bank credits. In this regard, it is particularly important to secure financing for SMEs. Differences must be taken into account without penalising certain business models. Otherwise, there is a risk of harming the European economy."@en1
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