Capital Requirements and Supervision
Wednesday, May 6th, 2009
Sharon Bowles, Liberal Democrat MEP for the South East of England
The agreed CRD text today in the European Parliament is a good step forward on core capital, exposures and supervision.
The securitisation provisions, now with proportional penalties for due diligence failure may not be perfect but it is fit for purpose - the purpose, to rebuild confidence and repair the securitisation market. Review at the end of the year on the retention percent, means we have covered all bases - including international coordination. (more…)
