BETA

6 Amendments of Miguel VIEGAS related to 2016/0360A(COD)

Amendment 180 #
Proposal for a regulation
Recital 2
(2) While the reform has rendered the financial system more stable and resilient against many types of possible future shocks and crises, it did not address all identified problems. An important reason for that was that international standard setters, such as the Basel Committee on Banking Supervision (Basel Committee) and the Financial Stability Board (FSB), had not finished their work on internationally agreed solutions to tackle those problems at the timelies in the private nature of the financial system and, in not infrequent cases, in the subordination of political and regulatory power to the economic power represented by large financial groups. Now that work on important additional reforms has been completed, the outstanding problems should be addressed.
2018/02/02
Committee: ECON
Amendment 181 #
Proposal for a regulation
Recital 4
(4) Risk reduction measures should not only further strengthen the resilience of the European banking system and the markets' confidence in it, but also provide the basis for further progress in completing the Banking Union. Those measures should also be considered against the background of broader challenges affecting the Union economy, especially the need to promote growth and jobs at times of uncertain economic outlook. In that context, various major policy initiatives, such as the Investment Plan for Europe and the Capital Markets Union, havit is now important to reflect on the bneen launched in order to strengthen the economy of the Union. It is therefore important that all risk reduction measures interact smoothly with those policy initiatives as well as with broader recent reforms in the financid for public control of the financial system, thereby ensuring that the financial system serves development and avoiding cyclical spectorulative crises.
2018/02/02
Committee: ECON
Amendment 184 #
Proposal for a regulation
Recital 8
(8) In order not to unnecessarily constrain lending by institutions to corporates and private households and to prevent unwarranted adverse impacts on market liquidityto prevent excessive speculation and the cyclical creation of financial bubbles, the leverage ratio requirement should be set at a level where it acts as a credible backstop to the risk of excessive leverage without hampering economic growth, thus avoiding the banking crises of the past.
2018/02/02
Committee: ECON
Amendment 188 #
Proposal for a regulation
Recital 9
(9) The European Banking Authority (EBA) concluded in its report to the Commission19 that a Tier 1 capital leverage ratio calibrated at 3% for any type of credit institution would constitute a credible backstop function. A 3% leverage ratio requirement was also agreed upon at international level by the Basel Committee. This limit is now considered by many experts to be insufficient. Consequently, the leverage ratio requirement should therefore be calibrated at 35%. __________________ 19 Report on the leverage ratio requirement of 3 August 2016 https://www.eba.europa.eu/documents/101 80/1360107/EBA-Op-2016- 13+(Leverage+ratio+report).pdf
2018/02/02
Committee: ECON
Amendment 189 #
Proposal for a regulation
Recital 10
(10) A 3% leverage ratio requirement would however constrain certain business models and lines of business more than others. In particular, public lending by public development banks and officially guaranteed export credits would be impacted disproportionally. The leverage ratio should therefore be adjusted for these types of exposures.deleted
2018/02/02
Committee: ECON
Amendment 479 #
Proposal for a regulation
Article 1 – paragraph 1 – point 39 – point a
Regulation (EU) No 575/2013
Article 92 – paragraph 1 – point d
(d) a leverage ratio of 35%.
2018/02/05
Committee: ECON