Activities of Saïd EL KHADRAOUI related to 2012/2115(INI)
Plenary speeches (1)
Shadow banking (short presentation)
Reports (1)
REPORT on Shadow Banking PDF (182 KB) DOC (98 KB)
Amendments (4)
Amendment 55 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Stresses, further, the need to obtain a fuller overview of risk transfers by financial institutions, in order to determine who has purchased what from whom and how the transferred risks are supported; invites the Commission, therefore, to undertake a study (in early 2013) and submit a report (by mid-2013) regarding the feasibility of setting up a public non-profit utility as a central registry for risk transfers, which should be able to capture and monitor risk transfer data in real time; Underlines that over the past few years, various measures have been introduced to increase financial sector transparency. In particular, measures requiring incremental derivative trade reporting and the use of central counterparties have been launched along with further, granular reporting requirements for loan securitisations. Considers however that these measures fail to capture key prudential data. Most notably, there are data gaps on interconnectedness within the financial network. Similarly, more timely and accurate data on credit risk transfers within and across borders as well as between regulated and non-regulated financial institutions are needed. Stresses therefore, in order to gain better oversight of the financial market's evolving systemic risks, we must develop a richer and more timely monitoring capability. This may be achieved by registering and analysing key risk transfer data, regardless of whether the transaction participants are regulated or shadow banks. This is particularly critical for loan securitisations since improved securitisation market transparency will support banking sector flexibility as well as lending growth. Invites therefore the Commission together with the ECB to examine the feasibility of developing by half 2013 a system to track these key data in a timely manner while fully respecting the relevant transaction participants' confidentiality concerns.
Amendment 56 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Stresses, further, the need to obtain a fuller overview of risk transfers byetween regulated and unregulated financial institutions, in order to determine who has purchased what from whom and how the transferred risks are supported; invites the Commission, therefore, to undertake a study (in early 2013) and submit a report (by mid-2013) regarding the feasibility of setting up a public non- profit utility as a central registry for risk transfers, which should be able to capture and monitor risk transfer data in real time;
Amendment 82 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Believes further that the proposed extension of CRD IV to non-deposit-taking finance companies not covered by the definition in the Capital Requirements Regulation (CRR) is necessary; keeping into consideration that some provisions may be adjusted to the specificities of these entities;
Amendment 126 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Recognises the benefits Exchange Traded Funds (ETFs) provide by giving retail investors access to a wider range of assets (such as commodities, in particular), but stresses the risks ETF carry in terms of complexity, counterparty risk, liquidity of products and possible regulatory arbitrage; also notes that increased investments in ETFs have led to the creation of asset bubbles which negatively impact the underlying market; invites the Commission, therefore, to submit a legislative proposal at the beginning of 2013 to tackle these potential structural vulnerabilities;