Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-09-28-Speech-3-173"
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"en.20050928.19.3-173"2
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".
I voted in favour of this report and would like to join with those who have complimented my colleague, Mr Radwan, on the excellent work he has done with members of the Committee on Economic and Monetary Affairs on this important subject of banks’ regulatory own funds requirements, with the aim of taking account of recent developments on the financial markets.
It had become necessary to ascertain the coherence between economic capital and regulatory capital within a framework of international convergence of the measurement of these financial data (Basel II).
Nevertheless, I pose the question as to whether the time has not come for the financial community of the credit institutions, under the auspices of the ECB and in collaboration with the competent authorities of the Member States responsible for banking supervision, to examine which resources should be implemented in order to accelerate the creation of the money supply that is necessary for Europe’s economic development, especially within the euro zone. It is a matter of going beyond the practical, monetary and financial success the euro has enjoyed and transforming it from a technical currency into a political currency that serves Europe’s economic development."@en1
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