Verbatim report of proceedings

Monday, 15 April 2019 - Strasbourg

Capital Requirements Regulation - Capital Requirements Directive - Loss-absorbing and recapitalisation capacity for credit institutions and investment firms -Loss-absorbing and recapitalisation capacity of credit institutions and investment firms and amending Directive 98/26/EC (debate)

  Sirpa Pietikäinen (PPE). – Madam President, my deepest sorrow for the destruction of the cultural heritage, not only for Parisians and France, but for all of us Europeans.

This is the completion of the big package after what we did after the financial crisis to stabilise banking risks and resolving mechanisms and the adequate capital requirements. I would like to thank and congratulate the rapporteurs for doing a great job on this. But I would like to remind the Commission and the upcoming Parliament of two challenges that we still have ahead of us.

One is the so-called Liikanen package, and that refers to the firewalls between the retail banking and investment banking, and the other part is that the banks and lending should be part of the sustainable finance, because there we have a broiling financial crisis and risks that are embedded in sunk investments in fossil fuels, for example.