News release: “The new Basel capital requirement standards agreed in late September tackle some of the right issues, but much more preparatory work is needed if they are to be transposed into laws that ensure a global level playing field and reduce excessive risk, yet without hampering economic growth, says an own-initiative resolution passed by a show of hands in plenary session on Thursday. The resolution gives a foretaste of the position the Parliament will take later this year when it examines the Commission legislative proposal (CRD IV) to enshrine the Basel standards in law.”