Bruxelles, 14 février 2013

Finance Watch, association de défense de l’intérêt public, a publié aujourd’hui sa contribution aux travaux de la commission parlementaire sur les standards bancaires (PCBS) à propos de la pertinence d’interdire le trading pour compte propre au sein des groupes bancaires contenant des entités cloisonnées (entités qui collectent des dépôts).

Finance Watch est d’avis qu’un cloisonnement simple mais strict rendrait cette interdiction non-nécessaire.

•  Réponse de Finance Watch à la PCBS (pdf, 12 pages)

Selon Duncan Lindo, auteur de la réponse de Finance Watch:

"Le cloisonnement a pour but de protéger à la fois les contribuables et les activités vitales ainsi que de réduire les garanties implicites apportées par le gouvernement aux activités non vitales. Nous pensons qu’un cloisonnement solide est essentiel au succès des réformes bancaires. Le succès du cloisonnement dépendra, en partie, de sa simplicité. L’expérience américaine qu’est la règle Volcker prouve que la distinction entre le trading pour compte propre et les autres formes de trading est loin d’être simple : elle nécessite un arsenal de règles aussi compliqué que volumineux."

Thierry Philipponat, Secrétaire Général de Finance Watch, explique :

"Les secteurs bancaires britanniques et européens continuent d’être dépendants du soutien étatique, que ce soit via des participations directes, des liquidités apportées par la banque centrale ou d’autres mesures. Bien loin d’imposer un coût aux banques et par là-même à la société, nous pensons qu’une réforme structurelle solide est nécessaire pour stabiliser le secteur et que cela contribuerait à relancer les flux de crédit entre banques et des banques vers l’économie réelle."

FIN

Pour plus d'information, veuillez contacter:

Greg Ford, Directeur de la Communication, sous +44 7703 219 222 ou greg.ford@finance-watch.org

Download position paper

2 February 2012, Brussels

Finance Watch has published its position paper on CRD IV, the European legislation implementing Basel III bank capital reforms.

Key recommendations include:

• higher capital requirements to accommodate maximum harmonisation
• a flexible leverage ratio that measures gross derivatives exposure
• more capital against securitisations
• measures to encourage lending to businesses without credit ratings
• disclosure of risk weight methodologies and return on assets

Frédéric Hache, senior research analyst at Finance Watch and author of the report, said:

“The CRD IV package makes a significant contribution to increasing bank resilience but more needs to be done to address systemic risk and moral hazard. Only if capital requirements are high enough can we say that there is no need for national discretion.”

In addition to higher capital requirements, the report calls for a flexible mandatory leverage ratio of 3% to 5% (33x to 20x) from 2015 to complement the countercyclical buffers already in the draft legislation, with disclosure before then.

“Leverage is a core driver of systemic risk. History has shown the danger of ignoring off-balance sheet leverage, we must not make the same mistake with derivatives. Our leverage ratio proposal is therefore for an IFRS approach without derivatives netting”, said Hache.

The report also recommends a 25% residual risk weight against transferred exposures including securitisations, replacing 100% risk weights for unrated business loans with an average risk weight calculated under IRB for similar businesses (calculated for each country by EBA), greater disclosure of risk weighting methodologies through standard portfolio benchmarking, and a measure to reduce investors’ focus on return on equity by disclosing return on assets among key performance indicators.

The report also comments on governance, liquidity, zero risk weighting, implementation dates and various measures outside CRD IV, including structural separation, supervised deleveraging, the tax treatment of debt, and shadow banking.

Thierry Philipponnat, Secretary General of Finance Watch, said: “Our aim with this report is to promote confidence in the financial system and trust in banks, while ensuring that banks serve society better by focusing on their core function of financing the real economy.”

Finance Watch page on CRD IV

European Commission page on regulatory capital

“CRD IV” refers to a package of draft European legislation comprising the Capital Requirements Directive IV and the Capital Requirements Regulation.

Initiateurs : Sophie Auconie (France, Group of the European People’s Party, Substitute in the Committee on Economic and Monetary Affairs),  Burkhard Balz (Germany, Group of the European People’s Party, Member in the Committee on Economic and Monetary Affairs),Pervenche Berès (France, Group of Socialists and Democrats, Rapporteur  in the Committee on Financial, Economic and Social Crisis, Substitute in the Committee on Economic and Monetary Affairs,  Chair of the Committee on Employment and Social Affairs), Udo Bullman (Germany, Group of Socialists and Democrats, Coordinator for S&D in the Committee on Economic and Monetary Affairs),  Leonardo Domenici (Italy, Group of Socialists and Democrats, Member in the Committee on Economic and Monetary Affairs),Pascal Canfin (France, Group of the Greens, Vice-Chair in the Committee on Financial, Economic and social Crisis),  Sergio Gaetano Cofferati (Italy, Group of Socialists and Democrats, Coordinator in the Committee on Financial, Economic and social Crisis), Elisa Ferreira (Portugal, Group of Socialists and Democrats, Member in the Committee on Economic and Monetary Affairs),  Jean-Paul Gauzès (France, Group of the European People’s Party, Coordinator for EPP  in the Committee on Economic and Monetary Affairs , Rapporteur  for the directive Alternative investment fund manager),  Sven Giegold(Germany, Group of the Greens, Coordinator for the Greens in the Committee on Economic and Monetary Affairs,  Rapporteur for the directive European Securities and Markets Authority), Robert Goebbels (Luxembourg, Group of Socialists and Democrats, Substitute in  the Committee on Economic and Monetary Affairs),  Charles Goerens (Luxembourg, Group of Alliance of Liberals and Democrats, Substitute in the Committee on Financial, Economic and social Crisis), Thomas Händel (Germany, Group of the European United Left – Nordic Green Left, Substitute in the Committee on Economic and Monetary Affairs), Eva Joly(France, Group of the Greens, Chair of the Committee on Development), Jürgen Klute(Germany, Group of the European United Left – Nordic Green Left, Coordinator  for   GUE/NGL in the Committee on Economic and Monetary Affairs),  Philippe Lamberts(Belgium, Group of the Greens, Substitute in the Committee on Economic and Monetary Affairs), Arlene McCarthy (United-Kingdom, Group of Socialists and Democrats, Member in the Committee on Economic and Monetary Affairs , Rapporteur for the directive Capital requirements for the trading book and for re-securitisations, and the supervisory review of remuneration policies),  Sirpa Pietikäinen (Finland, Group of the European People’s Party, Member in the Committee on Economic and Monetary Affairs), Anni Podimata (Greece, Group of Socialists and Democrats), Miguel Portas (Portugal, Group of the European United Left – Nordic Green Left, Vice-Chair in the Committee on Financial, Economic and social Crisis),  Peter Simon (Germany , Group of Socialists and Democrats,   Substitute in the Committee on Economic and Monetary Affairs),  Dirk Sterckx (Belgium, Group of Alliance of Liberals and Democrats, Substitute in  the Committee on Economic and Monetary Affairs)…

Signatories : Romeva i Rueda Raul (Spain, MEP, Iniciativa per Catalunya Verds), Pargneaux Gilles(France, Député européen, Groupe socialiste), Keller Ska (Germany, MEP, Greens/EFA),Françoise Castex (France, groupe socialistes & démocrates, députée européenne, membre de la commission des affaires juridiques), Sandrine Bélier (France, groupe des Verts, députée européenne), Michail Tremopoulos (Grèce,  Greens/EFA, Member of the European Parliament ), Corinne Lepage (France, Groupe des Libéraux et Démocrates, députée européenne), Hélène Flautre (France, groupe des Verts/ALE, députée européenne), Jean-Paul Besset (France, groupe des Verts/ALE, député européen),Yannick Jadot (France, groupe des Verts/ALE, député européen), Karima Delli (France, groupe des Verts/ALE, députée européenne), Daniel Cohn-Bendit (France, groupe des Verts /ALE,  député européen), Catherine Grèze (France, groupe des Verts/ALE, députée européenne), Michèle Rivasi (France, groupe des Verts/ALE, députée européenne), Nicole Kill-Nielsen (France, groupe des Verts/ALE, députée européenne), Malika Benarab-Attou(France, groupe des Verts /ALE, députée européenne), Junqueras Oriol (Spain, Greens/ALE, Member of the European Parliament), Bart Staes (Belgium, Member of the European Parliament, Greens/EFA), Evelyn Regner (Austria, Socialists & Democrats, Member of the European Parliament), Jörg Leichtfried (Austria, Socialists & Democrats, Member of the European Parliament), Heide Ruehle (Germany, Member of the European Parliament, Greens/EFA), Durant Isabelle (Belgique, Vice-présidente du Parlement européen, Verts/ALE), Rebecca Harms (Germany, Member of the European Parliament, Greens/EFA), Werner Schulz (Germany, Member of the European Parliament, Greens/EFA),Keith Taylor (England, MEP, Greens/EFA), Albrecht Jan Philipp (Germany, MEP, Greens/EFA – Bündnis 90/Die Grünen), Lichtenberger Eva (Austria, Member of the European Parliament, The Greens), Emilie Turunen (Denmark, MEP, SF,The Greens/EFA),Patrice Tirolien (France, Socialists & Democrats, Member of the European Parliament),Thomas Ulmer (Germany, EPP, Member of the European Parliament), Childers Nessa(Ireland, Socialists & Democrats, Member of the European Parliament), Le Hyaric Patrick(France, Parti Communiste Français, député européen), Jurra Steinruck (Germany, Group of Socialists & Democrats, Member of the European Parliament), Franziska Brantner(Germany, Greens, Member of the European Parliament), Turmes Claude (Luxembourg, Greens,Member of European Parliament), Désir Harlem (France, Socialistes et Démocrates, député européen d’Ile de France), Wils Sabine (Germany, Die Linke, Member of the European Parliament), Jean Lambert (UK, Greens, Member of the European Parliament for London), Ana Gomes (Portugal, Socialists & Democrats, Member of the European Parliament), De Rossa Proinsias (Ireland, Socialists & Democrats, Member of the European Parliament), Hoang Ngoc Liem (France, Socialists & Democrats, Member of the European Parliament), Peillon Vincent (France, Socialists & Democrats, Member of the European Parliament), Arif Kader (France, Socialists & Democrats, Member of the European Parliament), Vergnaud Bernadette (France, Socialists & Democrats, Member of the European Parliament), Guillaume Sylvie (France, Socialists & Democrats, Member of the European Parliament), Ulirke Lunaceck (Austria, Greens/ALE, Member of the European Parliament), Henri Weber (France, Socialistes & Démocrates, député européen), Jean-Luc Bennahmias (France, Groupe des Libéraux et Démocrates, député européen), Antigoni Papadopoulou (Cyprus, Socialists & Democrats, Member of the European Parliament),Barbara Weiler (Germany, S&D, MEP), Rapti Sylvana (Greece, Group of Socialists and Democrats, Member of the European Parliament ), Marie-Christine Vergiat (France, GUE, Députée européenne), Bernd Lange (Germany,  Socialists and Democrats, Member of the European Parliament), Cornelis de Jong (The Netherlands, GUE/NGL , Member of the European Parliament ), Ipo Vajgl (Slovenia, ALDE / Zares, Member of the European Parliament), Fajon Tanja (Slovenia, S&D , MEP), Thaler Zoran (Slovenia, S&D , MEP),Hans-Peter Martin (Austria, Non-attached Member, MEP), Niccolo Rinaldi (Italy, MEP, ALDE Group)… Jean Desessard (France, Verts , Sénateur de Paris ), Yves Cochet (France, Verts, député de Paris), François de Rugy (France, Verts, député), Noël Mamère (France,  Verts, député de Gironde), Marie Blandin (France,  Groupe des Verts, sénatrice du Nord), Kindler Sven-Christian (Germany, Member of the German Bundestag (Budget Committee), Bündnis 90/Die Grünen – The Greens), Schmidt Dr. Frithjof (Germany, Member of Parliament, BÜNDNIS 90/DIE GRÜNEN), Karl-Heinz Braun (Belgium, Member of Parliament of the German speaking community of Belgium), François Patriat (France, sénateur (PS) de Côte-d’Or, président du conseil Régional de Bourgogne), Noiret Christian (Belgique, Député wallon, Ecologie), Meyer Carsten (Germany, Member of Parliarment, Thuringia, Bündnis90/DIE GRÜNEN), Kogler Werner (Austria, MP, spokesperson for budget and finance, Green Group in the Austrian Parliament), Christine Scheel (Germany, MP/ Spokesperson for SME policy, Alliance ’90/The Greens), Robert Tropeano (France, RDSE, Sénateur de l’Hérault), Koczy Ute (Germany, Bündnis 90/Die Grünen, Member of Parliament ), Gilkinet Georges (Belgique, Ecolo, député fédéral), Krumwiede Agnes (Germany, BÜNDNIS 90/DIE GRÜNEN, Member of Parliament (Bundestag)), Christian Zänglein(Austria, Die Grünen, Member of Parliament), Ulla Lötzer (Deutschland (RFA), Die Linke, Mitglied des Deutschen Bundestages (MdB)), Lapp Christine (Austri, Social Democrats, Member of Austrian Parliament), Gartlehner Kurt (Austria, SPÖ, Member of Parliament),Auer Josef (Austria/Tirol, SPÖ, Abgeordneter zum (österr.) Nationalrat), Roth Claudia(Germany, BÜNDNIS 90/DIE GRÜNEN, Federal Chairwoman of the German Green Party, Member of National Parliament), Petra Bayr (Austria, Social Democratic Party, Member of Parliament), Andreae Kerstin (German, Bündnis 90/Die Grünen, Member of German Parlament), Muttonen Christine (Austria, Social Democratic Party, Member of the Austrian Parliament), François Bausch (Luxembourg, déi gréng, Président du groupe parlementaire), Gira Camille (Luxembourg, déi gréng, député-maire), Navarro Robert(France, Parti socialiste, Sénateur), Giorgos Perdikis (Cyprus, Green Party, Member of Parliament), Maier Johann (Austria, Social Democracy Party of Austria, Member of Austrian Parliament), Adam Claude (Luxembourg, déi gréng, Member of Parliament), Plessl Rudolf(Austria, SPÖ, Member of Austrian Parliament), Kox Henri (Luxemburg, Green Party, Member of Parliament), Nicole Bricq (France, Socialiste, Sénatrice), Idiart Jean-Louis(France, Parti Socialiste, député de Haute Garonne), Dr.in Eva Glawischnig (Austria, The Greens, Chairwoman of the Austrian Greens, Chairwoman of the Green Faction in Parliament), Judith Schwentner (Austria, Green Party, Member of the Austrian Parliament),Garrigue Daniel (France, Divers Droite, Député de la Dordogne, membre de la commission des finances), Pierre Alain Muet (France, Socialiste, député, membre de la commission des finances), Alain Rodet (France, Socialiste, député de la Haute-Vienne, membre de la Commission des finances), Höfken Ulrike (Germany,  Bündnis 90/Die Grünen, MdB, Ausschuss für Ernährung, Landwirtschaft, Verbraucherschutz), Claeys Alain (France, Parti socialiste, Député de la Vienne), Roland Ries (France, Parti Socialiste, Sénateur-Maire de Strasbourg), Bülow Marco (Deutschland, SPD,  Mitglied des deutschen Bundestages), Paus Lisa (Germany, Alliance 90 / The Greens, MdB, Member of the committee for financial affairs), Eckardt Käsling (Germany, Bündnis 90/Die Grünent, Bürger), François  Marc(France, Parti Socialiste, sénateur du Finistère), Serge Letchimy (France, Groupe Apparenté Socialiste, radical, citoyen et divers gauche, député de la Martinique), Jean-Yves Le Deaut(France, Parti Socialiste, député et premier vice-président du Conseil Régional de Lorraine),Louis-Joseph Manscour (France, Parti Socialiste, Député de la Martinique), Henri Emmanuelli (France, Parti socialiste, Député des Landes), Katrin Göring-Eckardt(Germany, Alliance 90/The Greens, Vice-President of the German Bundestag), David Habib(France, Parti socialiste, Député-maire des Pyrénées-Atlantiques), Kirsten Lühmann(Germany, SPD , MdB), Peter W. Patt (Germany/Sachsen, CDU, Member of the State Parliament of Saxony), Jean Grellier (France,  parti socialiste, député)…

Jürgen Habermas

Adam Michnik

Ulrich Beck

Sie können sich ihnen anschließen. Sie können sich schon jetzt entschließen uns zu unterstützen. Füllen Sie bitte das Formular aus, damit wir Sie kontaktieren können.

(aktualisiert am 4. März 2013)

Jürgen Habermas

Adam Michnik

Ulrich Beck

Vous pouvez les rejoindre ! Vous pouvez devenir un Ami de Finance Watch, remplissez notre formulaire pour vous mettre en contact avec notre organisation.

Voir la liste de l’ensemble des signataires de l’appel

(lien mise à jour le 4 mars 2013)

Finance Watch ist eine neue europäische Organisation, die mit dem Ziel gegründet wurde, die Reform der Finanzregulierung zu verbessern. Sie soll sicherstellen, daß die Interessen der Gesellschaft in den Bereichen, die derzeit von der Finanzbranche und ihren Lobbys dominiert werden, wirkungsvoller repräsentiert werden.

Finance Watch wurde aufgrund der Überzeugung gegründet, daß gute Finanzdienstleistungen ein wesentliches Element moderner Gesellschaften und mit einem starken öffentlichen Interesse behaftet sind, daß aber Bemühungen, die Regeln des Finanzsystems zu verbessern, allzu oft durch eine Asymmetrie in der Lobby-Arbeit untergraben werden, wenn nur die Argumente des Finanzgewerbes Gehör zu finden scheinen.

Rund 40 Organisationen (darunter Gewerkschaften, Verbraucherschutzorganisationen, Nichtregierungsorganisationen, Verbände von Privatanlegern und Forschungseinrichtungen) aus einem Dutzend europäischer Länder sowie 17 Finanzexperten und Wissenschaftler sind Finance Watch als Mitglieder beigetreten und nehmen an der Gründungs-Mitgliederversammlung am 30. Juni teil.

Finance Watch wird mit einem engagierten Team von Finanz- und Rechtsexperten sowie technischen und Lobby-Spezialisten arbeiten. Der Vorstand (Board of Directors) von Finance Watch wird von seinen Mitgliedern gewählt, die einen breiten Querschnitt der Gesellschaften in Ländern aus ganz Europa repräsentieren.

Im Rahmen der Gründungs-Mitgliederversammlung werden die Mitglieder des Board of Directors gewählt und die Mitglieder des Ausschusses für Transparenz und Unabhängigkeit bestätigt werden.

Unmittelbar darauf wird der Vorstand zu seiner konstituierenden Sitzung zusammentreten und seinen Vorsitzenden sowie dessen Stellvertreter wählen und den Generalsekretär von Finance Watch ernennen, der die Organisation leiten wird.

Finance Watch est une nouvelle organisation européenne dont l’objet est de contribuer à l’amélioration de la réglementation financière. Sa mission consistera notamment à affirmer la représentation de la société civile dans un débat actuellement dominé par l’industrie financière et son lobby.

Finance Watch part du constat que la fonction financière est essentielle pour la société et qu’elle possède une dimension d’intérêt général forte. De nombreuses associations développent aujourd’hui un plaidoyer sur les questions financières mais ce plaidoyer doit être renforcé car le plus souvent seuls les arguments en faveur des intérêts de l’industrie financière semblent être entendus.

Quarante organisations (syndicats, organisations non gouvernementales, associations de consommateurs, instituts de recherche et associations d’épargnants individuels) émanant d’une douzaine de pays ainsi que dix-sept spécialistes de la finance et professeurs d’université participeront à l’Assemblée Générale fondatrice de Finance Watch en tant que membres fondateurs.

Finance Watch sera constituée d’un équipe de professionnels de la finance, de la communication et du lobbying. Son Conseil d’Administration sera élu par ses membres qui représentent collectivement un large panel d’expertise émanant de nombreux pays européens.

L’Assemblée Générale fondatrice élira le Conseil d’Administration et procédera à l’approbation du Comité de transparence et d’indépendance (comité d’éthique).

Le Conseil d’Administration nouvellement élu se réunira immédiatement, élira le Président et le Vice-Président  de l’Association et procédera à la nomination du Secrétaire Général qui assumera la responsabilité

Brussels, 30 June, 2011

Finance Watch today elected its first board, chairperson and secretary general at its inaugural Annual General Meeting in Brussels. Finance Watch is a new European organisation created to represent the public interest in the reform of financial regulations.

The new non-profit organisation aims to become a counter-weight to lobbying bodies funded by the financial industry. It will operate through a dedicated staff of former financial professionals and will interact extensively with its members, which represent a broad cross-section of society in countries throughout Europe.

Today’s meeting elected a new board, which has appointed as Secretary General Thierry Philipponnat, a former banker turned executive board member at Amnesty International in France.

Mr Philipponnat said: "Today sees the birth of a new organisation dedicated to restoring balance in the debate about financial reform. The level of enthusiasm for this project from our members and the general public has been overwhelming; it will be a privilege to lead Finance Watch in promoting a more society-friendly financial system.”

Today’s inaugural general meeting also confirmed former MEP Ieke Van den Burg as chairperson, and BEUC Director General Monique Goyens as vice-chair.

Ms Van den Burg underlined the special position of Finance Watch in the EU decision-making community: “We are convinced that there is a strong appetite among policy makers for counter-expertise from civil society. Finance Watch should be able to open doors as representatives of a different perspective. The financial industry may have the money but we have the sympathy.”

The board of Finance Watch includes representatives of six member organisations and three individual qualified members. They are:

- European Consumers’ Organisation (BEUC), represented by Monique Goyens, BEUC Director General.
- Fédération Européenne des Epargnants (EuroInvestors), represented by Guillaume Prache, EuroInvestors Managing Director.
- European Trade Union Confederation (ETUC), represented by Andreas Botsch, ETUC Special Advisor.
- UNI Europa, represented by Oliver Roethig, UNI Europa acting Regional Secretary.
- Friends of the Earth Europe (FOEE), represented by Paul de Clerck, coordinator of FOEE’s Economic Justice Program.
- Transparency International EU Office, represented by Jacques Terray, Vice-President of TI France and member of TI International Board of Directors.
- Ieke van den Burg, Member of the Scientific Committee of the European Systemic Risk Board, former Member of the European Parliament.
- Philippe Loumeau, Independent consultant, former Chief Operating Officer of Montréal Exchange, former Board member of Boston Options Exchange.
- Wolfgang Koehler, freelance journalist and author, former business and financial editor of “Die Zeit” and former financial editor of “Wirtschaftswoche”.

The full list of organisational and individual qualified members is available at http://www.finance-watch.org/who-we-are.

As an independently funded, non-profit organisation, Finance Watch is seeking to raise around €1m in funding from philanthropic organisations and individuals in Europe and a similar amount in seed funding from the European Commission. All funding is to be scrutinised by the body’s ethics committee to ensure complete independence from industry interests and will be published online.

Finance Watch will seek to restore the link between finance and the economy, to push back the financial industry’s reliance on public support and to promote market transparency.

The meeting debated Finance Watch’s initial lobbying priorities, which are likely to include European legislative initiatives CRD IV and the MiFID review, among others.

Finance Watch was created in response to last year’s “Call for a Finance Watch” from Members of the European Parliament in Brussels who were inundated with lobbying from the financial industry. It will act as a counter-lobbying force to improve the visibility of civil society interests to financial services policymakers.

“The debate over financial regulation should take into account the public interest as well as private interests,” said Philipponnat.

What happens next?

Finance Watch will use the summer to appoint a small, dedicated staff including legal and technical experts and professional lobbyists.

After the summer it will start its research and advocacy work, including direct lobbying of legislators and regulators, press and media communication.

Financial journalists will be encouraged to come to Finance Watch as a source of information and of credible, alternative commentary about the reform of European financial regulation.