The European Parliament must set the course right for the European economy with Basel IV
The implementation of the latest agreements of the Basel Committee on Banking Supervision (Basel IV) in the EU must take into account the specifics of the European corporate landscape. European companies have a very international footprint and therefore need unfettered and cost-effective access to risk management derivatives and trade finance instruments. There are many companies across Europe which do not have or need ratings.
In our position paper, we comment on the state of play of the discussion in the European Parliament, which, unlike the Council, has yet to define a negotiating position for the trialogues. Among other things, we support proposals from the Parliament that compared with the Commission's proposal specifically want to reduce capital requirements for derivatives with corporate customers and with regard to bank guarantees of trade finance.