8 Amendments of Alfred SANT related to 2019/2130(INI)
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 92 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Notes however that the prospect of low risk and low profitability, the deterioration of the macroeconomic scenario and geopolitical tensions as well as cyber risks and data security are among the major challenges the EU banking sector is facing;
Amendment 98 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Underlines the crucial role of the banking sector in channelling funding into sustainable and socially responsible investments and enabling the transition to a climate-neutral economy, in which the growing interest of small depositors for such sustainable investments will be key;
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 130 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Underlines the fact that financial markets are strongly interrelated; stresses the importance of preparedness of bBanking supervisors for all possible outcomes of Brexit as well as the importance of shared and connected financial regulations between the EU and the UK after Brexit, bearing in mind that this is not a substitute forcomplements the preparedness of private actors themselves;
Amendment 145 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Warns that the one-size-fits-it-all solution that has prevailed in the Banking Union is growingly ill-suited for the realities in some Member States; notes in that respect that Banking Union rules are not uniformly beneficial and that small and medium banks have been particularly bearing the negative consequences of new extensive regulation; further stresses the crucial importance of such non-systemic banks, whose lower profitability risks impacting on small national markets;
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 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;