Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-22-Speech-1-164-000"

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"en.20121022.22.1-164-000"2
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"Mr President, with regard to the situation of the banking sector in Poland, I would like to point out that cooperative banks represent Polish capital only and have links to the local community, which means that it is sensible and safe to use them. Faced with the financial crisis, they did not reduce their lending activity, but continued to provide funding for their customers. As regards the proposed Capital Requirements Directive and Capital Requirements Regulation, I would like to underline the special circumstances of cooperative banks and their associate banks and propose that they should benefit from a lengthy transitional period in respect of the requirement to calculate the short-term liquidity coverage ratio referred to in both documents. The specific nature of their activities means that the vast majority of cooperative banks will not meet the strict individual capital and liquidity requirements. The introduction of this stipulation in the context of the proposed directive and regulation threatens the very existence of this sector."@en1
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