Activities of Vicky FORD related to 2010/2074(INI)
Plenary speeches (1)
Basel II and revision of the Capital Requirements Directive (CRD 4) (debate)
Amendments (16)
Amendment 35 #
Motion for a resolution
Recital I
Recital I
I. whereas convergence between reporting for accounting purposes and reporting for regulatory purposes is essential in order to ensure that supervisors and investors are provided with the same transparent and clear information, and whereas dual reporting must be avoided,
Amendment 37 #
Motion for a resolution
Recital J
Recital J
J. whereas banks should focus more on the core business of banking, namely lending to and their key roles of maturity transformation, the provision and facilitation of lending, trade finance, cash management, clearing and payment services, foreign exchange, risk management and facilitating access to capital markets which are all critical activities to the growth and sustainment of the real economy; whereas the Basel Committee and the Commission have to find ways to promote this core business,
Amendment 54 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Recalls the important specificities of the European banking sector, such as the variety of business models operating under different legal forms and the fact that the European corporate sector is predominantly financed through bank lending; recalls the objectives of the EU's 2020 Strategy, particularly in relation to Europe's energy objectives, the Digital Agenda and unleashing Europe's innovation capabilities and is mindful of the need to facilitate investment from various sources of capital to finance these objectives;
Amendment 61 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. ARecognises the important role played by representatives from individual Members States on the Basel II rules and asks the Commission to play an active part in the process of reforming the Basel II rules, to promote and safeguard European interests, to coordinate the approaches of the Member States in order to achieve the best outcome for the European economy and to provide Parliament with regular reports on ongoing negotiations;
Amendment 83 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Calls on the Commission to continue to further integratmprove EU supervision of the banking sector by establishing the new European Financial Supervisory System;
Amendment 96 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Calls on the Commission to create incentives for the banking sector to manage risk and profit with a view to long-term outcomes and to encourage banks to keep loans on their own books without excessive securitisation and to fully consolidate somereliance on complex securitisation or non- transparent off-balance sheets items like SPV structures;
Amendment 111 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Is of the view that, in order not to disadvantage certain business models of non-joint stock companies, in particular cooperatives, mutuals and savings banks, capital must be defined in a balanced manner on the basis of the quality of capital instruments (i.e. permanence, loss absorbance, flexibility of payment) rather than their particular legal form;
Amendment 114 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Urges the Basel Committee and the Commission, when defining eligible capital instruments, to take proper account of the needs and particularities of non-joint stock companies (i.e. cooperatives, mutuals and savings banks), which account for a large portion of the European banking industry;
Amendment 122 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Urges the Basel Committee and the Commission to ensure that, in consolidated capital calculations, both risk and capital are taken into account in a balanced manner (i.e. minority interest);
Amendment 146 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Is of the view that a "‘liquidity coverage ratio"’ should take greater account of the risk of concentration of eligible assets in any liquidity buffer, encourage diversification and discourage excessive concentration into one particular asset class; notwithstanding the buffer should be made up, as much as possible, of assets that remain highly liquid in private markets in periods of banking sector stress. Suitable safeguards should be built into the definition to exclude assets whose liquidity may fall in times of stress;
Amendment 171 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Is concerned about the pro-cyclical nature of athat fixed bank-specific capital conservation buffers should not be pro-cyclical and should be able to be utilised at times of stress;
Amendment 196 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Notes the concept of a "‘crude"’ LR as a possible backstop against building excessive leverage, but has strong concerns about its added valueis concerned that it should not, in itself, promote excessive risk taking;
Amendment 204 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Is of the view that such a ratio, in order to be effective, must comprise off-balance sheet items and derivatives, take account of appropriate netting, hedging and collateral arrangements, must be clearly defined, simple and comparable internationally and should take into account the different leverage ratios existing internationally;
Amendment 213 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Is, however, concerned that a crude LR may penalise entities providing traditional low- risk banking services (such as corporate and real-estate financing) or economies where the corporate sector is financed predominantly through lending and therefore recognises the importance of national competent authorities supervisors monitoring changes in leverage as well as overall levels since significant changes may be indicative of incremental risk;
Amendment 231 #
Motion for a resolution
Paragraph 31
Paragraph 31
31. Urges the Commission to ensure that a leverage ratio does not lead to excessive securitisation and lesswhilst recognising the benefits securitisation can bring, or incentivise banks to invest in riskier assets, or reduce credit (these being likely ways for banks to reduce their leverage ratio);
Amendment 248 #
Motion for a resolution
Paragraph 33
Paragraph 33
33. Call for different capital treatment for an OTC transaction and a transaction through a central counterparty (CCP), provided that the CCP meets high-level requirements to be defined in European legislation while taking into account standards agreed at international level, with due regard for the potential costs for the corporate sector of using derivatives to hedge its commercial activities and calls for incentivising improved standards of counterparty credit risk management for non-centrally cleared exposures (bilateral clearing); where the highest standards of bilateral clearing apply including; initial margin, daily portfolio reconciliations, daily variation margining, automated collateral movements;