Progress: Procedure completed
Role | Committee | Rapporteur | Shadows |
---|---|---|---|
Lead | ECON |
Lead committee dossier:
Legal Basis:
RoP 136-p5
Legal Basis:
RoP 136-p5Events
The European Parliament adopted a resolution tabled by the Committee on Economic and Monetary Affairs on the finalisation of Basel III.
As a reminder, the G20 leaders agreed in the aftermath of the financial crisis to a comprehensive reform agenda strengthening the regulatory standards of international banks, including the strengthening of prudential requirements.
The Basel Committee on Banking Supervision (BCBS) is developing internationally agreed minimum standards for prudential requirements for large, internationally active banks. It monitors and reviews the implementation of these global standards and reports to the G20.
Parliament welcomed the post-crisis work of the BCBS in this field and underlined the importance of sound global standards and principles for the prudential regulation of banks.
It reaffirmed that banks need to be well capitalised in order to support the real economy, reduce systemic risk and avoid any repeat of the enormous bailouts witnessed during the crisis. It stressed the need for appropriate regulation of the shadow banking sector in order to ensure fair competition and financial stability.
Members noted the ongoing work of the BCBS to finalise the Basel III framework intended to increase simplicity, comparability and convergence of the risk-weighted capital framework in order to address excessive variability in risk-weighted assets and to apply the same rules to the same risks.
Parliament stressed that the current revision should respect two principles:
the principle stated by the Group of Governors and Heads of Supervision (GHOS) of not significantly increasing overall capital requirements, while at the same time strengthening the overall financial position of European banks; the principle to be respected by the revision is to promote the level playing field at the global level by mitigating – rather than exacerbating – the differences between jurisdictions and banking models, and by not unduly penalising the EU banking model.
Concerned that early analysis of recent BCBS drafts indicates that the reform package at its current stage might not be in compliance with the two abovementioned principles, Parliament called on the BCBS to revise its proposals accordingly and on the ECB and the Single Supervisory Mechanism ( SSM ) to ensure their respect in the finalisation and monitoring of the new standard.
The BCBS is called upon to assess carefully and comprehensively the qualitative and quantitative impact of the new reforms , taking into consideration their impact on different jurisdictions and different banking models before the adoption of the standard by the Committee. It should perform the necessary adjustments in case imbalances occur during this analysis.
Parliament also called on the BCBS to preserve the risk sensitivity of the prudential regulation, including by ensuring that the revision of the standardised approach and the scope for applying the IRBA overcome the risks of regulatory arbitrage and well reflect the specificities of different forms of financing, such as real estate lending, infrastructure financing and specialised lending, and by avoiding disproportionate effects for the real economy.
It recalled the key role of the European and national banking supervisors in ensuring supervisory convergence in the EU, taking into account the principle of proportionality and the appropriateness of the rules for different banking models.
The Commission is invited to take all these principles into account when determining the scope of implementation and when translating the BCBS proposals into EU law.
Documents
- Commission response to text adopted in plenary: SP(2017)148
- Results of vote in Parliament: Results of vote in Parliament
- Decision by Parliament: T8-0439/2016
- Debate in Parliament: Debate in Parliament
- Motion for a resolution: B8-1226/2016
- Amendments tabled in committee: PE592.438
- Oral question/interpellation by Parliament: B8-1810/2016
- Oral question/interpellation by Parliament: B8-1810/2016
- Amendments tabled in committee: PE592.438
- Motion for a resolution: B8-1226/2016
- Commission response to text adopted in plenary: SP(2017)148
Activities
- Roberto GUALTIERI
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (debate)
Institutional Motions (1)Oral Questions (1) - Pervenche BERÈS
Plenary Speeches (2)
- 2016/11/22 Finalisation of Basel III (debate) FR
- 2016/11/22 Finalisation of Basel III (debate) FR
- Nicola CAPUTO
Plenary Speeches (2)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) IT
- 2016/11/22 Finalisation of Basel III (debate) IT
- Valdis DOMBROVSKIS
Plenary Speeches (2)
- 2016/11/22 Finalisation of Basel III (debate)
- 2016/11/22 Finalisation of Basel III (debate)
- Barbara KAPPEL
Plenary Speeches (2)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) DE
- 2016/11/22 Finalisation of Basel III (debate) DE
- Bernd LUCKE
Plenary Speeches (2)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) DE
- 2016/11/22 Finalisation of Basel III (debate) DE
- Notis MARIAS
Plenary Speeches (2)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) EL
- 2016/11/22 Finalisation of Basel III (debate) EL
- Bernard MONOT
Plenary Speeches (2)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- 2016/11/22 Finalisation of Basel III (debate) FR
- Miguel VIEGAS
Plenary Speeches (2)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) PT
- 2016/11/22 Finalisation of Basel III (debate) PT
- Marina ALBIOL GUZMÁN
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- Marie-Christine ARNAUTU
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Jonathan ARNOTT
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Zoltán BALCZÓ
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) HU
- Zigmantas BALČYTIS
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) LT
- Bendt BENDTSEN
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (debate) DA
- Beatriz BECERRA BASTERRECHEA
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- Hugues BAYET
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Xabier BENITO ZILUAGA
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- José BLANCO LÓPEZ
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- Renata BRIANO
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) IT
- Steeve BRIOIS
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Soledad CABEZÓN RUIZ
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- James CARVER
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Alberto CIRIO
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) IT
- Sergio Gaetano COFFERATI
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (debate) IT
- Javier COUSO PERMUY
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- Edward CZESAK
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) PL
- Michel DANTIN
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Rachida DATI
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Mireille D'ORNANO
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Georgios EPITIDEIOS
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) EL
- Doru-Claudian FRUNZULICĂ
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Francisco de Paula GAMBUS MILLET
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- Elisabetta GARDINI
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Elena GENTILE
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) IT
- Arne GERICKE
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) DE
- Sylvie GOULARD
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (debate) FR
- Tania GONZÁLEZ PEÑAS
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- Sergio GUTIÉRREZ PRIETO
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- Takis HADJIGEORGIOU
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) EL
- Brian HAYES
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Marian HARKIN
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Hans-Olaf HENKEL
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) DE
- Gunnar HÖKMARK
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (debate)
- Cătălin Sorin IVAN
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Marc JOULAUD
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Ivan JAKOVČIĆ
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) HR
- Philippe JUVIN
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Afzal KHAN
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Jeppe KOFOD
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (debate)
- Bernd KÖLMEL
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) DE
- Béla KOVÁCS
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) HU
- Marine LE PEN
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Paloma LÓPEZ BERMEJO
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- Monica MACOVEI
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) RO
- Vladimír MAŇKA
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) SK
- Ivana MALETIĆ
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) HR
- Andrejs MAMIKINS
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Dominique MARTIN
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Jean-Luc MÉLENCHON
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Louis MICHEL
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Marlene MIZZI
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Sophie MONTEL
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Momchil NEKOV
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) BG
- Cora van NIEUWENHUIZEN
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (debate) NL
- Liadh NÍ RIADA
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Franz OBERMAYR
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) DE
- Rolandas PAKSAS
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) LT
- Florian PHILIPPOT
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Marijana PETIR
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) HR
- Franck PROUST
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Julia REID
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Liliana RODRIGUES
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) PT
- Fernando RUAS
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) PT
- Lola SÁNCHEZ CALDENTEY
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- Remo SERNAGIOTTO
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) IT
- Jill SEYMOUR
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Maria Lidia SENRA RODRÍGUEZ
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- Siôn SIMON
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Monika SMOLKOVÁ
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) SK
- Davor ŠKRLEC
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) HR
- Igor ŠOLTES
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) SL
- Joachim STARBATTY
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) DE
- Beatrix von STORCH
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) DE
- Patricija ŠULIN
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) SL
- Neoklis SYLIKIOTIS
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) EL
- Eleftherios SYNADINOS
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) EL
- Tibor SZANYI
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) HU
- Dubravka ŠUICA
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) HR
- Claudia ȚAPARDEL
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Pavel TELIČKA
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016)
- Ivica TOLIĆ
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) HR
- Ulrike TREBESIUS
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) DE
- Mylène TROSZCZYNSKI
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Kazimierz Michał UJAZDOWSKI
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) PL
- Marco VALLI
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) IT
- Ángela VALLINA
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) ES
- Marie-Christine VERGIAT
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) FR
- Daniele VIOTTI
Plenary Speeches (1)
- 2016/11/22 Finalisation of Basel III (B8-1226/2016) IT
Votes
B8-1226/2016 - Am 4 #
B8-1226/2016 - Am 1 #
History
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