17 Amendments of Pedro SILVA PEREIRA related to 2019/2130(INI)
Amendment 48 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
D a. whereas the European banking sector still remains largely the main provider of financing to companies, in contrast with other jurisdictions, where capital markets account for a considerable share of financing to companies;
Amendment 59 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Notes that the full implementation of the Banking Union is necessary to deliver more financing to the economy – both to households and companies, specially SMEs –, promoting investment and job creation;
Amendment 72 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the support of the [incoming] President of the European Commission and the President of the ECB for the completion of the Banking Union and, more globally, the Economic and Monetary Union, through the creation of a fiscal capacity designed to provide the euro area with an adequate stabilisation function;
Amendment 75 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Stresses the importance of the agreement reached at the Eurogroup establishing a budgetary instrument for the euro-area with the goals of convergence and competitiveness - the Budgetary Instrument for Convergence and Competitiveness (BICC); however, underlines that this instrument is not designed to provide macroeconomic stabilisation and the expected resources are not sufficient to do so;
Amendment 76 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Takes the view that the development of new budgetary tools aimed at stabilisation and convergence in the euro area would be extremely important for the economic governance of the Eurozone;
Amendment 99 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Underlines the crucial role of the banking sector in channelling funding into sustainable investments and enabling the transition to a climate-neutral economy; calls further on all European banks to sign up the UN-led Principles for Responsible Banking and report annually on their efforts to sustainable financing and to reducing climate change-related risks in their balance sheets;
Amendment 105 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Underlines the importance of protecting consumer rights, namely regarding banking fees, the transparency of products costs, profitability and risks; calls, in this respect, on the European Banking Authority to devote more focus in fulfilling its mandate on properly collecting, analysing and reporting on consumer trends, and also on the review and coordination of financial literacy and education initiatives by the competent authorities;
Amendment 107 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Notes the relevance of non- financial institutions in the financial stability of the euro area by diversifying the sources of financing provided to the real economy; notably in long-term investment products to support the transition to a climate-neutral economy;
Amendment 120 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Restates the importance of a safe asset in the euro area as a way to help stabilise financial markets and, allow banks to reduce the exposure of their balance sheets to national sovereign debt and strengthen the international role of the euro; calls on the Commission to submit a legislative proposal for the creation of a true European safe asset;
Amendment 138 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Highlights the urgent need for a fully-fledged capital markets union, also to promote sustainable private investment;
Amendment 151 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that the ratio of non- performing loans (NPLs) held by significant institutions has fallen by more than half from the start of ECB banking supervision, in November 2014, to June 2019; underlines the need to protect customers’ rights in the context of NPL transactions and calls on Member States to put measures in place to ensure that borrowers, who might be in already vulnerable financial situations, are not subject to aggressive and unfair treatment and practices by poorly-regulated debt buyers and collectors;
Amendment 161 #
Motion for a resolution
Paragraph 9 b (new)
Paragraph 9 b (new)
9 b. Welcomes the efforts made to strengthen the financial sector and reduce NPLs at European level; recalls the importance of efficient regulation of the banking and financial sectors to forestall any new crises;
Amendment 162 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9 a. Underlines that significant progress has been achieved on the side of risk reduction; recalls also that the European Parliament has made substantial contributions to enable this, in particular, on the so-called Banking package and the Non-Performing Loans prudential backstop;
Amendment 187 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Notes that innovative financial technologies are profoundly transforming the financial sector, including banking and payment services; highlights the need to address the challenges posed by these new technologies, such as ensuring sustainable business models, a level playing field in terms of regulation and supervision, and cybersecurity; underlines the financial institutions’ responsibility in ensuring clients’ data protection and security in accordance with EU law;
Amendment 201 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the agreement on the exchange of information between the ECB and the AML/CFT supervisors; recalls its serious concern about regulatory and supervisory fragmentation in the AML/CFT area, which is ill-suited to supervise the increasing cross-border activity in the EU; welcomes, in this regard, the Council Conclusions of 5 December 2019, which give a mandate to the Commission to explore ways of ensuring better cooperation between authorities and conferring AML tasks to a Union body, and to turn certain parts of the Anti-money Laundering Directive into a Regulation, to ensure a single rulebook; calls on the Commission to start working on the overhaul of the EU AML framework and legislation to effectively address the risks posed by cross-border illegal activity to the integrity of the EU financial system and the security of EU citizens;
Amendment 246 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Urges the operationalisation of the backstop to the SRFTakes note of the Eurogroup decision on the ‘agreement in principle’ related to the ESM reform; urges the operationalisation of the backstop to the SRF; recalls, in this context, the importance of anticipating the introduction of the backstop by 2020;
Amendment 275 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Urges the completion of the Banking Union through the creation of a fully mutualised EDIS, to protect depositors against banking disruptions and to ensure confidence among depositors and investors across the Banking Union; welcomes the support of the [incoming] President of the Commission and the President of the ECB for the establishment of EDIS;