Text tabled : A7-0354/2012

  Louis Grech (S&D), in writing. − Shadow banking institutions are undoubtedly important players in the EU economy: they make up about 30% of the global financial system. Although shadow banks offer an alternative to regular banks, these are still largely made use of by the latter and therefore the interconnection and to a certain extent symbiosis between the two remains of utmost importance in maintaining stability and enforcing the right controls in our financial markets. Better financial checks and supervision of credit management by regular banks and non-bank financial institutions such as shadow banks have strengthened and been refined since the crisis. The EU is better equipped to monitor the flow of credit throughout the Union and beyond, yet work still needs to be done. The Parliament’s call for the setting up of a central registry of risk transfers between these non-bank financial institutions and regulated financial institutions will enable there to be closer scrutiny and controls. The fact that Parliament is supporting that real-time mapping and monitoring of transactions is put into place, in order to identify the riskiest deals, is also commendable