Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-394-000"

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"This has nothing to do with size, but is simply based on definitions. The rules also defined by the Basel Committee state that: a large supervised financial investment company is considered large if it has a balance sheet valued at over EUR 70 billion. This is a workable yardstick. Following the principle of subsidiarity, why should smaller banks not also be supervised by the national authorities according to the same rules? Why not? With regard to the guarantees: the taxpayers are in favour. If we are now also to include deposits, while the banks are laughing up their sleeves, then this is socially unjust and irresponsible in my view."@en1
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