Principle of proportionality and capital adequacy of credit institutions and investment firms
1.7.2016
Question for written answer E-005403-16
to the Commission
Rule 130
Georgios Kyrtsos (PPE) , Manolis Kefalogiannis (PPE)
The facts emerging from European Banking Authority report ΕΒΑ/op/2015/20 and public consultation appear to suggest that the application of uniform rules is placing investment firms and small (non-systemic) banks at a disadvantage compared with systemic banks.
This raises questions of proportionality regarding the regulatory framework provisions governing the capital adequacy of credit institutions and investment firms.
In view of this:
- 1.How does the Commission intend to follow up the recommendations of the European Banking Authority so as to enable investment firms established in the Member States to operate more effectively?
- 2.In connection with the review of the regulatory framework provisions regarding the capital adequacy of credit institutions and investment firms (CRR/CRD IV) at the end 2016, will it comply more closely with the principle of proportionality and eliminate provisions hampering the operation of investment firms and small banks?.
- 3.Will it carry out an immediate review of EMIR provisions and take appropriate action itself? If so, what recommended course of action will it take?