Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-20-Speech-2-374"
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"en.20040420.17.2-374"2
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".
As I said earlier in reply to a question from Mr Karas, the Pricewaterhouse Coopers study will be made available very shortly and its results are positive: it takes a positive view of the impact of the Basel agreement on small- and medium-sized enterprises. For example, there are discounts in the capital charges for lending to smaller entities. SME loans below a certain threshold – namely EUR 1 million – may be included in the retail portfolio, which has lower capital requirements.
The results of the third impact study show that the new rules are good news for loans to SMEs. As far as venture capital is concerned, there is wide acceptance that such investments have a higher level of risk, which is why it is called risk capital. The capital requirements proposed in our third consultation paper reflect that higher level of risk. At the same time, we have been working with industry to see whether there are data that may suggest that for certain types of investment lower requirements may be justified. We have not yet finalised our proposals in this regard, but, overall, it is recognised in many circles that the results of the Basel exercise – as it is now known – are beneficial for small- and medium-sized enterprises."@en1
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