Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-07-Speech-4-931"

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"en.20101007.29.4-931"2
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"The Basel II agreements regulate banking activity and, in particular, the own funds that banks have to conserve to ensure their solvency. In this resolution, the European Parliament advocates the long-term management of risks and profits, as well as some rules which are adapted to the size of banks – so that the most important ones do not feel that they are let off – and argues that they should not pass on the costs of adapting to the new legislation to private individuals. In addition, Parliament is concerned that Basel II may not be respected in a uniform manner across the world. It is pressing the European Commission to take steps towards greater harmonisation. I think that these recommendations go in the right direction: reducing the risk of a future crisis and defending private individuals. I therefore voted strongly in favour of this resolution."@en1

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