Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-01-17-Speech-4-160"
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"en.20020117.9.4-160"2
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"I thank the Commissioner for his very detailed and informative presentation. I very much welcome what you said about the flexibility and evolutionary approach with regard to the internal ratings-based approach. It is vital that this risk-sensitive framework should be potentially applicable to a wide range of credit institutions, both large and small.
I also welcome what you said about pooled data, which is essential to ensuring that smaller institutions can take advantage of a new risk-sensitive framework by pooling data with similar, smaller institutions.
I further welcome what you said about the modified risk weight curve and retail lending and collateral. All these issues are going to be vitally important in ensuring that the new framework is adaptable to the diversity of large and small credit institutions and investment firms in the European Union.
I welcome a risk-sensitive framework. There is no need for a more sophisticated and risk-sensitive framework to be more bureaucratic and costly. At all costs we want to ensure a fair balance for SMEs. There is no need for a risk-sensitive framework to make SME borrowing more expensive. I am confident that if the Commission and Parliament do their work properly we can devise a solution and a new accord which are risk-sensitive, protect savers, encourage systemic stability and ensure that small businesses can continue to have access to loan finance. In many cases I hope that this may even bring down the cost of lending for small businesses. It is vital that we get this right. I look forward to the further exchange of views that has been proposed. There is a great deal more work to be done, but I am encouraged by what I have heard so far in response to the question tabled by myself, Mr Karas and Mr Radwan."@en1
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