Basel II rules for at least two years expose – loans for medium-sized businesses to expensive Basel II rules for at least two years expose – loans for medium-sized businesses to expensive Berlin/Brussels, may 12, 2009 – a temporary suspension of the Basel II rules of the President of the Federation has proposed medium-sized economy (BVMW), Mario Ohoven, in a conversation with EU economic and Monetary Affairs Joaquin Almunia in Brussels today. “As a result of the ongoing financial crisis, Basel II has increased the loans for small – and medium-sized enterprises. Therefore, we advocate to override the rules and regulations for at least two years”, so Ohoven, who at the same time is at the forefront of the European Federation of national associations of medium-sized businesses (CEA-PME). When meeting with Almunia, Ohoven said the reform of the financial market. “I think the rule that banks have to keep five percent of the credit risk, which sell them as securities, even in the future, is not sufficient. Here one would be at least twice as high rates have been”appropriate, said the German and European middle-class President.
He called for an improvement of the financial and banking supervision in the EU at the same time. Ohoven positively reviewed the new Europe GmbH. The European Parliament had decided in March to facilitate business start-ups in the EU. “The new legal form saves time and money the medium-sized companies.” Ohoven stressed that Brussels did an important contribution to the deregulation, in conversation with Almunia at the start of the European week for small and medium-sized enterprises. The CEA-PME represents Europe more than two million SMEs employing around 15 million people. A message from NeueNachricht. NeueNachricht is responsible for the content. Editorial NeueNachricht Gunnar Sohn Ettighoffer road 26a 53123 Bonn Tel: 0228 6204474 mobile: 0177 620 44 74