Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-211"

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"Madam President, Commissioner, the new Basel rules will establish the prerequisites for stability and sustainable growth. The crisis has taught us that the banks need to have more and better capital, and the regulations must promote sound banking and sound risk-taking. The rules concerning the leverage ratio must be formulated in such a way that banks that lend low-risk capital are not penalised. There is a risk that the rules will affect banks in the Nordic countries particularly badly, as these banks have large low-risk home loan portfolios. This gives cause for concern. All directives and new rules must be well thought-out, but, overall, we risk having too many rules, which, in turn, could damage growth. I agree with Mrs Bowles that the Commission must produce an analysis of the effects of all these new banking rules on growth in Europe. Rules and new laws are not always the answer. Let us not settle for good if we can achieve the best."@en1
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