24 Amendments of Philippe DE BACKER related to 2013/2021(INI)
Amendment 3 #
Motion for a resolution
Citation 6 a (new)
Citation 6 a (new)
- having regard to the proposal of 6 June 2012 for a directive of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directives 77/91/EEC and 82/891/EC, Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC and 2011/35/EC and Regulation (EU) No 1093/2010,
Amendment 14 #
Motion for a resolution
Recital B
Recital B
B. whereas in the five years since the 2008 global economic and financial crisis, the EU economy has remained in a state of recession, with Member States providing subsidiestate anid implicit guarantees to banksn form of capital and guarantees to banks and markets that have remained fragmented;
Amendment 26 #
Motion for a resolution
Recital C
Recital C
C. whereas excessive risk-taking, excessive leverage, inadequate capital and liquidity requirements, weak banking and markets supervision and the excessive complexity of the overall banking system were at the root of the financial crisis;
Amendment 35 #
Motion for a resolution
Recital D
Recital D
D. whereas the current post-crisis weakness in the structure of EU bankcapitalisation of EU banks, massive deleveraging and rising funding costs for banks in some Member States demonstrates the need for reformfurther reform of capital requirements in order to serve the wider needs of the economy, break the link between sovereigns and banks and restore the confidence in capital markets;
Amendment 46 #
Motion for a resolution
Recital E
Recital E
E. whereas the eighth (December 2012) edition of the Commission's Consumer Markets Scoreboard clearly indicates that consumer trust in the EU banking sector is at an all-time low and that the industry has high levels of noncompliance with consumer protection legislation5 and the consumers' confidence needs to be restored ;
Amendment 58 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. Whereas the transformation process towards a more sustainable, less systemic and viable banking sector seems to differ between members states.
Amendment 122 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Takes the view that while current proposals for reforms of EU banking sector rules (including the Capital Requirements Directive and Regulation, the Recovery and Resolution Directive, the Single Supervisory Mechanism, the Deposit Guarantee Schemes Directive and shadow banking initiatives) are vital, a more fundamental reform of the banking structure is essentialbut should still come into effect; underlines that the cumulative impact of the new European financial regulation should be assessed and evaluated; stresses that such impact analysis should be taken into account when considering essential and more fundamental reforms of the banking structure, and complementary to the other proposals;
Amendment 140 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Deplores the national initiatives in France, Germany and UK that, although well intended, risk to undermine the Single Market and distort competition in the EU banking sector;
Amendment 154 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Stresses that also an impact assessment of the cost to the EU economy of splitting up certain banks needs to be taken into account when developing possible measures; underlines that such an impact assessment should also provide a clear picture on the desired timing of such possible reforms given the difficult economic situation within the European Union;
Amendment 184 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Calls for more legal certainty and clarity in all ongoing and additional reforms, which have direct impact on funding costs for banks and - in consequence - also effect lending to the real economy;
Amendment 191 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Considers that an effective banking system must deliver a change in banking culture in order toand reduce complexity, enhance competitionsimplify the structure, limit interconnectedness between risky and commercialcore banking and non-banking holding activities, improve corporate governance, create a responsible and sustainable remuneration system based on long-term incentives, allow effective bank resolution and recovery, reinforce the customer oriented banking, reinforce bank capital and deliver credit to the real economy;
Amendment 232 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Urges the Commission to analyse the need to come forward with a proposal for mandatory separation of banks' retail and investment activities;
Amendment 259 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Urges the Commission to come forward with a proposal for such mandatory separation through the establishment of a thorough, transparent and credible ‘'ring fence’' around bank activities that are vital for the real economy, such as those relating to credit functions, payment systems and deposits; takes the view that in the event of a bank failure, the ring fence must ensure that the retail entityse bank activities continues business unaffected by operational problems, financial losses, funding shortages or reputational damage resulting from the resolution or insolvency of the investment entity;
Amendment 264 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Urges the Commission to ensure that trading activities do not benefit from implicit guarantees, the use of insured deposits or taxpayer bailouts and that these activities do not pose a risk to the delivery of ring-fenced retail serviceresponsible management of banks and competent supervisors to ensure that trading activities in the banking system do not pose a systemic risk and are subject to robust risk management controls;
Amendment 288 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Urges the Commission to ensure that where banks undertake tradingparticular trading risk type of activities, the risks and costs associated with those activities are borne by their trading arm and not by their ring- fenced retail arm;
Amendment 301 #
Motion for a resolution
Paragraph 12 – introductory part
Paragraph 12 – introductory part
12. Urges the Commission to ensure that separationin the case of an obligatory separation this would results in:
Amendment 342 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Urges the Commission to take into account the ECB's proposal to establish clear and enforceable criteria for separation8 that also allow for flexibility to the national and European supervisor when evaluating the whole financial status of a given bank and its market;
Amendment 358 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Stresses the need for enhanced macro-surveillance as one of the crucial aspects to mitigate risks in the interconnected EU banking sector;
Amendment 360 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Urges the Commission to ensure that the retail entityevery bank has sufficient capital and, liquid assets and bail-inable instruments to enable it, in the event of the bank's failure, to maintain depositors' access to funds, and to protect the essential services of the ring-fenced arm from the risk of disorderly failure and to prioritise paying out depositors in a timely fashthrough an efficient resolution;
Amendment 377 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Urges the Commission and competent supervisors to ensure that adequate differentiation exists in terms of capital, leverage and liquidity requirements between the investment and, retail entities, withand universal banks, and emphasis on higher capital requirements for the investment entityspecially appropriate and needed capital and liquidity flows within banking groups operating in different Member States are ensured;
Amendment 417 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Urges the Commission to includexplore possible and adequate provisions introducing personal accountability and liability for board members on both sides of the ring fence and at group level;
Amendment 444 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Urges the Commission to make provision for national supervisors to have the power to implement full and legal separation of banks in accordance with the Single Supervisory Mechanism;
Amendment 448 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Asks the Commission to propose that adequate resources and powers be allocated to nationalcompetent supervisors; y authorities including SSM;
Amendment 472 #
Motion for a resolution
Paragraph 30
Paragraph 30
30. Urges the Member StatesCommission to ensure that their national supervisorscompetent supervisory authorities including SSM have the clear objective of promoting effective competition in their banking sectors;