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Parliamentary question - E-001927/2012Parliamentary question
E-001927/2012

EBA initiatives and SME Supporting Factor

Question for written answer E-001927/2012
to the Commission
Rule 117
Roberta Angelilli (PPE) , Gianni Pittella (S&D) , Mario Mauro (PPE) , David-Maria Sassoli (S&D) , Francesco Enrico Speroni (EFD) , Giuseppe Gargani (PPE) , Niccolò Rinaldi (ALDE) , Alfredo Pallone (PPE) , Oreste Rossi (EFD) , Sonia Alfano (ALDE) , Andrea Zanoni (ALDE) , Marco Scurria (PPE) , Giovanni La Via (PPE) , Clemente Mastella (PPE) , Francesco De Angelis (S&D) , Gianluca Susta (S&D) , Mara Bizzotto (EFD) , Aldo Patriciello (PPE) , Erminia Mazzoni (PPE) , Sergio Paolo Frances Silvestris (PPE) , Paolo Bartolozzi (PPE) , Salvatore Tatarella (PPE) , Barbara Matera (PPE) , Crescenzio Rivellini (PPE) , Herbert Dorfmann (PPE) , Antonello Antinoro (PPE) , Amalia Sartori (PPE) , Alfredo Antoniozzi (PPE) , Antonio Cancian (PPE) , Gabriele Albertini (PPE) , Claudio Morganti (EFD) , Vittorio Prodi (S&D) , Leonardo Domenici (S&D) , Roberto Gualtieri (S&D) , Vito Bonsignore (PPE) , Salvatore Caronna (S&D) , Silvia Costa (S&D) , Debora Serracchiani (S&D) , Licia Ronzulli (PPE) , Elisabetta Gardini (PPE) , Luigi Berlinguer (S&D) , Lara Comi (PPE) , Patrizia Toia (S&D) , Vincenzo Iovine (ALDE) , Luigi Ciriaco De Mita (PPE) , Sergio Gaetano Cofferati (S&D) , Carlo Fidanza (PPE) , Potito Salatto (PPE) , Pino Arlacchi (S&D) , Mario Pirillo (S&D) , Raffaele Baldassarre (PPE) , Rosario Crocetta (S&D) , Cristiana Muscardini (PPE) , Iva Zanicchi (PPE) , Lorenzo Fontana (EFD) , Pier Antonio Panzeri (S&D) , Paolo De Castro (S&D) , Guido Milana (S&D) , Giancarlo Scottà (EFD) , Carlo Casini (PPE) , Giommaria Uggias (ALDE) , Magdi Cristiano Allam (EFD) and Sergio Berlato (PPE)

Following the financial crisis, the Basel Committee adopted a number of provisions to raise the minimum requirements and quality of the capital of credit institutions.

At European level, the new Basel Accords will be transposed into a regulation and a directive for which proposals were published by the European Commission in July 2011.

While leading to a financial system that is better equipped to resist future financial crises, these new requirements will entail substantial costs for the banking sector, with an impact on the availability of credit and on the support for the economy provided by the financial system, with the genuine risk of a credit crunch affecting small and medium-sized enterprises (SMEs), which in Italy account for 98 % of the manufacturing sector.

The President of the European Central Bank, Mario Draghi, stated recently that ‘the bank capitalisation programmes must not include developments that are detrimental to economic activity and must not translate into a credit squeeze’.

In light of the above, the Commission is asked:

OJ C 109 E, 16/04/2013