Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-07-Speech-4-925"
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"en.20101007.29.4-925"2
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"I voted in favour of this resolution as I believe that:
‘too-big-to-fail’ financial institutions should be able to draw upon countercyclical capital that is proportionate to the size and level of business risk;
the Basel Committee and the Commission should clarify the treatment of reciprocal financial cross-holding agreements;
there should be an in-depth study of capital instruments as they are before and after the crisis, in order to evaluate the importance of specific capital instruments and their relevance in a future crisis situation;
high quality liquidity standards are a key part of the crisis response;
it is necessary to define the criteria for high quality liquid assets;
the Commission should include all euro area sovereign debt as high quality liquid assets, regardless of its specific rating;
the forthcoming European Banking Authority should play a leading role in drawing up and implementing measures relating to capital requirements and the rules on countercyclical buffer standards;
countercyclical regulation requires harmonised criteria in order to ensure comprehensive and careful monitoring of the financial markets and the market environment by supervisory authorities."@en1
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