12 Amendments of Zsolt László BECSEY related to 2008/2122(INI)
Amendment 1 #
Motion for a resolution
Recital A
Recital A
A. whereas the Commission consider's current definition of microcredit as a loan of EUR 25 000 or less to a micro- enterprise, as defined in its Recommendation of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises (an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million) as a microcredit, does not seem pertinent for all national markets, and does not allow a clear distinction between microcredits and micro-loans to microenterprises, between microcredit for non-bankable people and microcredit for bankable micro-enterprises,
Amendment 2 #
Motion for a resolution
Recital C
Recital C
C. whereas the Commission has not responded adequately totaken forward Parliament's earlier request made in its resolution of 11 July 2007 to draw up an action plan for microfinancing, to coordinate different policy measures, and to make optimal use of best practices in and outside the EU,
Amendment 6 #
Motion for a resolution
Recital D
Recital D
D. whereas several features distinguish microcredit from ordinary credit, including credit for small and medium-sized enterprises, and whereas businesses seeking ordinary credit are generally served by traditional banksall different types of financial institutions, and whereas the importance of the ultimate aim of inclusion of all citizens in the formal financial system should be borne in mind,
Amendment 10 #
Motion for a resolution
Recital H
Recital H
H. whereas a range of providers can offer microcredit or facilitate access to finance, such as informal financial services providers, member-owned organisations, non-governmental organisations, guarantee funds and savings and commercial banks, and whereas cooperation between non-bank micro- finance institutions (MFIs) and commercial banks could be beneficial,
Amendment 11 #
Motion for a resolution
Recital H
Recital H
H. whereas a range of providers can offer microcredit, such as informal financial services providers (authorised p2p lending), member-owned organisations (for example credit unions), non- governmental organisations and, co-operative, savings and commercial banks, and whereas cooperation between non-bank micro-finance institutions (MFIs), the above mentioned existing providers and commercial banks could be beneficial,
Amendment 14 #
Motion for a resolution
Recital I
Recital I
I. whereas the current financial crisis demonstrates the disadvantages of complex financial products and the need for considering ways of enhancing efficiency when facing reduced access to capital due to liquidity crunch and, at the same time, underlines the importance of institutions that focus their business on local development,
Amendment 16 #
Motion for a resolution
Recital I
Recital I
I. whereas the current financial crisis demonstrates the disadvantages of complex financial products and, at the same time, underlines the importance of institutions that focus their business on local development, and that have a strong local connection and locally-based banking services,
Amendment 24 #
Motion for a resolution
Recital S
Recital S
S. whereas the role of intermediaries should be looked into with a view to preventing abuses, as well as considering alternative ways of establishing credibility with borrowers (for example, peer support groups),
Amendment 25 #
Motion for a resolution
Recital T
Recital T
T. whereas an EU framework for non-bank MFIs should be established, and the Commission should develop the mechanism for the support of microcredit which remains neutral among these microcredit providers,
Amendment 27 #
Motion for a resolution
Recommendation 1 – point d
Recommendation 1 – point d
(d) The Commission should invite Member States to restrict the application of interest rate caps to consumer loans; however Member States should be able to apply a mechanism by which extraordinary high interest rates can be excluded.
Amendment 28 #
Motion for a resolution
Recommendation 1 – point d a (new)
Recommendation 1 – point d a (new)
(da) The Commission should analyse - in the light of the last sub-prime crisis - the advantages and disadvantages of direct microcredit formats as against securitised credit facilities.
Amendment 36 #
Motion for a resolution
Recommendation 3 – title and introductory part
Recommendation 3 – title and introductory part
3. Recommendation 3 on a harmonised EU framework for bank and non-bank MFIs The European Parliament considers that the legislative act to be adopted should aim to regulate the following: The Commission should propose legislation to provide an EU-wide framework for bank and nonbank MFIs. The elements of such athe non-bank MFIs framework should be: