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Procedure : 2017/0358(COD)
Document stages in plenary
Document selected : A8-0295/2018

Texts tabled :

A8-0295/2018

Debates :

PV 15/04/2019 - 20
CRE 15/04/2019 - 20

Votes :

PV 16/04/2019 - 8.19
Explanations of votes

Texts adopted :

P8_TA(2019)0377

Debates
Tuesday, 16 April 2019 - Strasbourg Revised edition

9.7. Prudential supervision of investment firms (Directive) (A8-0295/2018 - Markus Ferber)
Video of the speeches
 

Explicaciones de voto orales

 
  
MPphoto
 

  Seán Kelly (PPE). – Mr President, well done to my colleague, Markus Ferber. The revision of rules concerning investment firms is good. The risks involved in the business model of investment firms must be addressed, particularly where the scale of these firms means that their failure poses a systemic risk to the economy. Because investment firms are exposed to much less credit risk than banks, they may act with more impunity. It makes sense that where a firm acts on a scale that could present a risk to the economy, it is subjected to the same rules as are applied to banks. The introduction of more tailored rules for smaller, non-systemic investment firms will also improve transparency and level the playing field.

Of course we have to remember that the flow of investment and saving across the EU is facilitated by investment firms. This is why the adoption of enhanced and tailored supervisory rules to better accommodate the business model of investment firms is important.

 
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