Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-07-Speech-4-926"

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"en.20101007.29.4-926"2
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"The global financial crisis which is continuing to cause problems to the economy in all countries has confirmed that a strong banking sector is of paramount importance in order to avoid similar situations in future. Basel II and the revision of the Capital Requirements Directive are to contribute to a strong banking industry, in conditions that, in future, will allow us to withstand any similar crises to those seen in the recent past. The aim of this report is to improve the quality of the capital base and extend and strengthen capital requirements for risk coverage (such as counterparty credit risk arising from derivatives, repurchase agreements, etc.). It is also intended to introduce a leverage ratio to curb excessive use of leverage within the banking system, and other supplementary countercyclical measures such as the creation of capital buffers in favourable economic periods. Last but not least, it proposes global liquidity management standards. That is why I voted as I did."@en1

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