EU Parliament, Strasbourg, P10 CRE-REV(2026)05-21(4-0257-0000).
Herr President. Honored colleagues.
We deliberate today on two reports on securitization - on one side, for equity
requirements, on the other, on a so-called securitization framework. For the ESN
delegation is clear: De-bureaucratization is right. Exactly so clear is however for
us also: We are allowed to issue no blank checks for new financial instruments.
The citizens have not forgotten the finanicial crisis. Securitization is not allowed to
mean privatizing profits, disguising risks and in the end leaving the taxpayer liable.
requirements, on the other, on a so-called securitization framework. For the ESN
delegation is clear: De-bureaucratization is right. Exactly so clear is however for
us also: We are allowed to issue no blank checks for new financial instruments.
The citizens have not forgotten the finanicial crisis. Securitization is not allowed to
mean privatizing profits, disguising risks and in the end leaving the taxpayer liable.
We support simplification there where it increases transparency and strengthens the
economy. We nevertheless decisively reject regulations which blur liabilities,
centralize supervision and place Brussels capital market policy over the stability of
national banking systems. Our standard is thereby quite simple - solid financing for
business firms, security for the European saver and no rescue packages at the cost of
the citizens. Thus formulated, it is impossible for us to vote for these reports.
economy. We nevertheless decisively reject regulations which blur liabilities,
centralize supervision and place Brussels capital market policy over the stability of
national banking systems. Our standard is thereby quite simple - solid financing for
business firms, security for the European saver and no rescue packages at the cost of
the citizens. Thus formulated, it is impossible for us to vote for these reports.
[trans: tem]
