Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-04-16-Speech-2-322-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2013-04-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Credit institutions and prudential supervision (A7-0170/2012 - Othmar Karas)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20130416.41.2-322-000"2
lpv:hasSubsequent	lp_eu:2013-04-16-Speech-2-323-0002
lpv:speaker	lp:Charles Tannock2
lpv:spoken text	"Mr President, there can be no doubt that, since the 2008 global credit crunch and the collapse of many banks internationally – which is still a problem, as evidenced by the most recent crisis in Cyprus and possibly now in Slovenia – all is not well with the capital adequacy of our banks, hence the need to tighten requirements under the Basel III agreements. The Capital Requirements Directive (CRD IV) legislation before us today is controversial for several reasons as, for instance, it seeks to regulate pay, and in particular the bankers’ bonuses, which are, rightly or wrongly, blamed for encouraging over-leveraging and non-prudential banking as well as short-termism aimed at increasing immediate profit rather than long-term stability. However, the CRD IV rightly aims to increase TO1 capital and liquidity levels, which is important, and eventually to introduce maximum leverage levels and also various buffers, as well as good governannce rules on bank management. The proposal allows the UK to go further in capital adequacy if it so chooses. Nevertheless, overall, because of the bonus issue which may well impact negatively on the City of London – which I am proud to represent – and the ignoring of several other Basel Committee requirements, I abstained, as did my delegation."@en1
lpv:spokenAs	substitute; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 member; DROI (2012-01-19--2014-06-30)3 vice-chair; Delegation for relations with the NATO Parliamentary Assembly (2009-09-29--2014-06-30)3 member; AFET (2012-01-19--2014-06-30)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; PECH (2009-07-14--2014-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2012-03-28--2014-06-30)3 substitute; SEDE (2012-01-19--2014-06-30)3 unknown; Conservative Party (2009-07-14--2014-06-30)3 member; Delegation to the EU-Chile Joint Parliamentary Committee (2012-03-28--2014-06-30)3
lpv:unclassifiedMetadata	"Charles Tannock (ECR ). -"1
lpv:videoURI	<go to Events_and_structure europarl>2

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