Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-10-21-Speech-2-226"
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"en.20031021.6.2-226"2
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".
The Commission, as Mr Karas knows, is keen to stick to the original timetable. It is true that differing opinions on the other side of the ocean with respect to expected loss and unexpected loss have caused a small postponement of a few months. This means that the Commission will not finalise its proposal until around the middle of next year. It will be hard work to get everything ready for implementation at the end of 2006.
The Commission does its best to keep pace with the developments in Basel. The Commission is not a Member of the Basel Committee; it is an observer and therefore in the hands of the Basel Committee as far as progress in that matter is concerned. However, it does its best to get everything ready on time.
Mr Karas' main question is whether the Commission will take note of the matter he has raised, and of course the Commission will. Mr Karas can be assured that his opinions and questions will be taken into account."@en1
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