Activities of Olle SCHMIDT related to 2010/2074(INI)
Plenary speeches (1)
Basel II and revision of the Capital Requirements Directive (CRD 4) (debate)
Amendments (11)
Amendment 95 #
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 some off-balance sheets items like SPVswith appropriate use of securitisation and SPV off-balance sheet tools which support economic recovery;
Amendment 137 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Considers developing high quality liquidity standards to be a key part of the crisis response, but recommends more flexibility in implementation to account for firm specific factors, i.e. through supervisory dialogue;
Amendment 148 #
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; maintains that a cross-border framework for holding liquidity buffers centrally and centralised reporting to the home regulator is essential for efficient liquidity management;
Amendment 156 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Is of the view that the definition of the buffer should also include a wider range of liquid assets that conforms with definitions of the Basel Committee and other central banks. It is evident that both the market and the rating agencies regard a wider range of assets with sufficient liquidity characteristics as that is significantly different from other debt instruments and as secure for collateral purposes;
Amendment 176 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Is concerned about the pro-cyclical nature of a fixed bank-specific capital conservation buffer and is concerned about the need to ensure that such a buffer does not double count, and that it is able to be used and drawn down in periods of downturn/stress;
Amendment 186 #
Motion for a resolution
Paragraph 26
Paragraph 26
Amendment 203 #
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, must be clearly defined, simple and comparable internationally and should take into account the different leverage ratios existing internationally and should recognise in its calculation netting arrangements (of derivatives and repo and securities transactions) as well as the benefits of financial collateral and hedging. The Leverage Ratio whilst comprising off-balance sheet items should not unduly penalise unconditional commitments or trade finance activity which should be calculated at much lower conversion factors, than the suggested 100 per cent as outlined in the Basel Committee proposals;
Amendment 208 #
Motion for a resolution
Paragraph 28 a (new)
Paragraph 28 a (new)
28a. Is of the view that if a leverage ratio is introduced the rules should not stipulate an appropriate level of the ratio. The measure should be used in dialogue with the financial institutions; , i.e. through supervisory dialogue;
Amendment 223 #
Motion for a resolution
Paragraph 30
Paragraph 30
30. Asks the Basel Committee and the Commission to explore alternatives to a crude LR, such as setting backstop limits for business lines and portfolioto ensure the Leverage ratio used as a backstop measure and set within the Pillar 2 supervisory framework to ensure that it is effective in its application to firm specificities;
Amendment 251 #
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 smaller financial institutions on a proportionate basis;
Amendment 252 #
Motion for a resolution
Paragraph 33 a (new)
Paragraph 33 a (new)
33a. Is of the view that financial institutions should be allowed use their internal risk measures and allow aggregation of the embedded credit valuation adjustment risk (CVA risk) with similar market risks in the financial institutions and hereby giving incentives to manage the risk;