Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-04-16-Speech-2-327-656"

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"en.20130416.41.2-327-656"2
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"I believe a good compromise has been reached by Parliament and the Council under the Irish Presidency on the fourth Capital Adequacy Directive. This directive, together with the new Capital Adequacy Regulation (), forms the capital adequacy package, one of the most important pieces of legislation ever to come before Parliament. In addition to the comments I have made on the new regulation, I would also emphasise the fact that the package will, in my view, help ensure that banks serve the needs of the real economy, particularly SMEs, which are vital for promoting growth and jobs. I also welcome the new provisions requiring greater transparency from banks and their subsidiaries, which are absolutely necessary if we are to seriously tackle tax evasion and fraud. We now need to build upon the capital adequacy package and agree a comprehensive banking union which includes a European banking resolution system in case of bank failure and a European deposit guarantee system. We must also move towards a clearer separation between retail banking and investment banking to protect savers’ deposits from excessive risk-taking."@en1
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