Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-11-17-Speech-5-018"
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"en.20001117.2.5-018"2
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".
I voted for the Villiers report on the own funds of banks, for it is imperative for Directive 89/299/EEC, which regulated the matter a good 11 years ago, to be updated and supplemented.
I endorse the criteria of greater prudence adopted, but other aspects of the matter must also be taken into consideration, particularly the solvency ratio, which is a weighting factor according to the type of counter-party used to estimate the credit risk associated with a bank's assets. In Italy, this is currently fixed at 8% – 7% for banking groups – of the weighted risk assets, for both cash and off-balance-sheet items.
What is totally unacceptable is for the supervisory authority – the Banca d'Italia – to have the power to establish a higher minimum requirement under certain conditions. You do not change the rules during the game but before it starts.
I therefore agree that there should be a higher weighting coefficient – 10% for example – but it must be totally fixed in all cases and all circumstances.
Therefore, Article 53 (d) of Legislative Decree No 385/93, which deals with precisely this point, must be revoked, as all the Members States' laws which provide for changes
must be revoked."@en1
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