Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-07-03-Speech-3-461-000"

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"en.20130703.41.3-461-000"2
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"The ECR Group is not opposed to member states instigating structural reform of their banking sector, including full separation of different banking activities, should they deem it necessary. However, the ECR does not believe that a single EU framework for structural reform will be able to address the different needs nor mitigate the impact of bank failure within each member state. What may be appropriate for one member state may not be a suitable solution for another and so the principle of subsidiarity should apply. The recent agreement reached on capital requirements implementing Basel III rules via the CRD IV goes some way to addressing the issue of European structural reform of the banking sector by setting minimum capital standards for credit institutions whilst allowing member states to go further in the area of prudential requirements should they wish to. An EU framework on capital requirements was appropriate but a prescriptive EU framework on structures is not."@en1
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