Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-07-Speech-4-343"
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"en.20101007.29.4-343"2
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"The current financial crisis has demonstrated the risks taken, and lack of capital held to cover those risks, by many banks. This irresponsibility continues to cost European citizens, both in terms of bank bailouts and spending cuts as a result of the ensuing recession. Any revision of the financial regulatory framework must include proposals to improve the Capital Requirements Directive and therefore central to creating stable and responsible banks. This report endorses the aims and proposals set out by the G20 and the Basel Committee, to ensure banks hold sufficient amounts of capital of a suitable quality, and that they have the liquidity and stable funding necessary to withstand tough market conditions. I voted for this report as it backs the reform process, but I will not support any calls to weaken the proposals adopted by Basel. I would also suggest further study of the impact of the measures where appropriate, but with a view to ensuring full, tough and timely international implementation."@en1
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