8 Amendments of Alfred SANT related to 2017/2072(INI)
Amendment 40 #
Motion for a resolution
Recital B
Recital B
B. whereas the stock of non- performing loans of significant institutions (SIs) stood at EUR 865 billion at the end of March 2017 and it is steadily declining;
Amendment 60 #
Motion for a resolution
Recital D
Recital D
D. whereas the Banking Union remains incompletis a fundamental objective for the euro area’s financial stability, it remains incomplete and further efforts are needed as long as it lacks an effective, common fiscal backstop and its third pillar, a European Deposit Insurance scheme;
Amendment 110 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Notes the ECB’s determination in the context of the precautionary recapitalisation of Monte dei Paschi di Siena that the bank is solvent and meets the capital requirements; notes, in this regard, that the determination of solvency leaves room for an element of subjectivity as this determination greatly depends on how a bank’s assets are valued;
Amendment 134 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Reiterates its concerns about the high level of non-performing loans (NPLs) in certain jurisdictions and of Level III assets within the largest EU area banks; agrees with the Commission that ‘Member States and banks themselves have a primary responsibility in tackling non- performing loans’4 ; ;welcomes, nonetheless, the work done by different EU institutions and bodies on this issue; calls on these actors and the Member States to duly implement the Council conclusions of 11 July 2017 on the action plan to tackle non- performing loans in Europe; _________________ 4 Commission communication on completing the Banking Union, 11 October 2017, p. 15 (COM(2017)0592).takes note of the public consultation on the 'Addendum to the ECB Guidance to banks on non- performing loans', calls on the ECB Supervisory Board to carefully assess the comments received and the concerns raised and to submit a new text to public consultation;
Amendment 217 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Recalls its resolution of 17 May 2017 on FinTech; welcomes, in this respect, the work of the Commission, the proposed inclusion of technological innovation in the mandates of the ESAs and the ongoing public consultation on the ECB’s draft guidance to assessments of FinTech bank licence applications; calls on the supervisory authorities to closely monitor and assess cyber security risks as well as on the financial institutions across the EU to be very ambitious in protecting consumer data and guaranteeing cyber- security;
Amendment 289 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Welcomes the SRB’s prioritisation of enhancing resolvability of credit institutions, as well as the progress made in developing minimum requirement for own funds and eligible liabilities (MREL) targets in the framework of institution- specific resolution strategies; underlines that MREL should be mindful of institutions’ business models, as in many countries there are banks predominantly funded via deposits of retail and SME customers and that are not active on capital markets; notes that for these institutions the issuance of eligible liabilities could be a burdensome exercise and MREL compliance can be mostly reached via a strengthening of equity, which requires time; stresses that MREL targets should be realistic and proportionate to the different banking business models in the EU Member States;
Amendment 326 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Notes the ongoing technical work by the Council on a common fiscal backstop for the Single Resolution Fund (SRF) and calls for its swift approval;
Amendment 381 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Notes the potential benefits and the likely risks related to the introduction of an EDIS; considers, therefore, that risk reduction measures to be essential building blocks laying the foundations forand risk sharing measures should go in parallel in view of the establishment of an EDIS;