17 Amendments of Fulvio MARTUSCIELLO related to 2016/2247(INI)
Amendment 88 #
Motion for a resolution
Paragraph -1 (new)
Paragraph -1 (new)
-1 Underlines that the completion of the Banking Union requires further convergence on many fields; in this light, recalls the importance to draw a Single Rule book on insolvency and criminal law, coupled with strong convergence on tax issues;
Amendment 91 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes the high level of non- performing loans (NPLs) in some jurisdictions; considers that this issue is crucial and has yet to be solved; considers that this issue is crucial but needs time to be solved; considers that any suggested solution should take into account the source of NPLs, the impact on banks' lending capacity to the real economy, and the need for the development of a NPL primary and secondary market; calls on the ESRB and the Commission to suggest a solution for creating a European primary and secondary market for NPLs; welcomes the work of the SSM and its draft guidance on this issue; looks forward to the results of the work on a minimum EU insolvency framework; calls on Member States to improve their insolvency legislation and to stimulate growth in order to tackle NPLs;
Amendment 112 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Notes the high level of Level 3 assets on many jurisdictions; calls for a quantitative stress-test on this issue and for a stable reduction of this kind of asset;
Amendment 130 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Considers that there are risks associated with sovereign debt; notes, however, that modifying its prudential treatment could have a significant effect on the financial sector, which calls for caution in reform efforts; awaits with interest the results of the international work on this issue; considers that, in the end, a better regulatory framework, be it European or international, will be needed as a necessary pre-condition for any proposal; as previously stated by the European Parliament itself, considers that, in the end, any proposal on sovereign debt should be carefully evaluated; suggests that a structural convergence on taxation regime, accounting standards, application of State Aid rules etc. should be reached before any proposal on sovereign debt;
Amendment 152 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Recalls the importance of avoiding discrimination between EU and international banks, contrary to some of the proposals drafted by the Basel Committee for its revised capital and liquidity requirements framework;
Amendment 174 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Stresses that national options and discretions are hindering the creation of a level playing field between Member States; welcomes the ECB guidance and regulation harmonising the exercise of some of these within the Banking Union; looks forward to the upcoming amendments to the CRR as a means of closing the most significant ones and asks for a wise transposition of the net stable funding ratio (NSFR) in the EU context if some European specificities will prove to deserve specific treatments;
Amendment 183 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Notes relevant differences between jurisdictions and inside the European Union, such as different implementation of the IFRS accounting standards; calls for a strong convergence on the basis of a complete adoption of full IFRS in the banking sector;
Amendment 186 #
Motion for a resolution
Paragraph 6
Paragraph 6
Amendment 204 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that the ‘too-big-to-fail’ issue still needs to be addressedhas been tackled by the adoption of the TLAC requirement;
Amendment 229 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Recalls the need to find, in the exercise of supervision, a balance between the need for proportionality and the need for a consistent approach; considers that, in this light, the SREP process should be more balanced in its focus and should look beyond credit risk, to all forms of banks' risk, including an in-depth analysis of the financial portfolio, especially Level 3 assets;
Amendment 284 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Recalls the need to adhere to State aid rules in the context of bank resolution; takes the view that enough flexibility is embedded within the current framework to address specific situations and; notes that specific situations have been treated differently without clear justifications; recalls that flexibility might be better exploited, in particular in the case of preventive measures involving the use of DGS funds;
Amendment 288 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Calls for a reflection on the possible negative impact on the real economy from the revision of the Basel rules, the introduction of MREL requirements, the introduction of TLAC and IFRS 9; calls for any solution aimed at smoothing the impacts;
Amendment 291 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10b. After the adoption of the new packages from the Basel Committee, calls for a period of suspension of new rules in order to stabilise the supervision framework and facilitate the banks' capital and liquidity planning, essential for a sound support to the real economy;
Amendment 296 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Takes note of the differences between Stresses, that bothe FSB TLAC standard and the MREL; stresses, however, that both MREL standards share the same objective; concludes therefore that a holistic approach to loss-absorption can be reached by combining the two; highlights that due consideration should be given to retaining the two criteria of size and risk-weighted assets; proportionality; considers that an in-depth analysis is needed: a) on the disclosure regime, avoiding any impact on banks' capital soundness, driven by markets and investor misinterpretation of the MREL requirements; b) on the market capacity related to MREL eligible liabilities;
Amendment 343 #
Motion for a resolution
Paragraph 18
Paragraph 18
Amendment 361 #
Motion for a resolution
Paragraph 19
Paragraph 19
Amendment 393 #
Motion for a resolution
Paragraph 21
Paragraph 21