Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-07-Speech-4-927"
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"en.20101007.29.4-927"2
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"The Basel Committee seeks to reform the Basel II framework in order to strengthen the resilience of the banking system. The Committee’s proposal aims to improve the quality of the capital base, and extend and strengthen the coverage of the capital framework. The Committee also intends to introduce a leverage ratio to help contain excessive build-up of leverage in the system and other supplementary countercyclical measures such as capital buffers to be built in good times. Moreover, global standards on liquidity management are proposed.
However, whilst there is a strong international commitment to revise the Basel framework, it is crucially important that such revision strikes the right balance between various business models, investment and traditional retail banking, different legal forms and predominant financing of the corporate sector through bank lending in Europe.
Furthermore, the European Parliament must play an active role and strongly influence the revision of the rules already in the process of negotiations in the Basel Committee. The European Parliament, as the democratically elected European body which will later on colegislate on the Commission proposal for the Capital Requirements Directive (CRD 4 Directive), should be involved in the negotiations process at an early stage."@en1
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