Activities of Jakob von WEIZSÄCKER related to 2015/2221(INI)
Plenary speeches (2)
Banking Union - Annual report 2015 (debate)
Banking Union - Annual report 2015 (debate)
Amendments (10)
Amendment 55 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas Banking Structural Reform (BSR) in the spirit of the Liikanen Report as an additional fourth pillar of Banking Union is necessary effectively to address the too-big-to-fail problem and to safeguard taxpayers and depositors;
Amendment 114 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Considers the comprehensive assessment performed ahead of the launch of the SSM to be a fundamental first step towards restoring the confidence lost through the crisis years and enhancing the resilience of the euro area banking system by improving its capitalisation and increasing transparency;
Amendment 130 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Is concerned that capital requirements as well as actual capital levels in the EU continue to fall somewhat short of what has been achieved in other important jurisdictions, thereby hampering the resilience of banks, systemic stability and sustainable economic recovery;
Amendment 135 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Believes that the worldwide drive towards more and better quality bank capital is a necessary condition for a sound banking system capable of supporting the economy and for avoiding any repeat of the enormous bailouts witnessed during the crisis; points out that despite the regulatory actions since the financial crisis capital levels especially of some of the largest banks remained surprisingly low;
Amendment 147 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that an increase in capital requirements, beyond a certain threshold, may in the short term induce bneeds to be achieved by reducing dividend payments and raising fresh equity instead of a shrinking of balance sheets by meanks tof curtail the supplying of credit, and therefore looks forward to an overall stabilisation of the level of capital smooth and steady phasing in of higher capital requirements by means of retained earnings at the minimum;
Amendment 154 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Stresses the necessity of addressing the sovereign bank loop and suggests commencing a careful and staged phasing in of large exposure rules for sovereign debt in lock-step with the introduction of EDIS;
Amendment 157 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Considers the stabilisupward convergence and harmonization of the supervisory and regulatory frameworks an important element to restore investors’' confidence, to avoid uncertainty about regulatory and supervisory action, and to support growth and financial stability;
Amendment 161 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Welcomes the development of a common methodology for the 2015 round of the Supervisory Review and Evaluation Process (SREP); takes note that, partly as a consequence of the swift start of the SSM, many aspects of this methodology were finalised while the SREP cycle was already underway, and considers that in order to improve robustness of results and consistency between banks’' risk profiles and capital levels, the process leading to the approval of the common risk assessment may benefit from further refinement; points out that stress tests must include potential second round effects in order to be effective and reliable;
Amendment 184 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Underlines that the SSM should look beyond credit risk to all forms of bank risk, and that further steps are necessary to reinforce the supervisory scrutiny of banks’' financial portfolios, especially level 3 assets; stresses the need for a reduction of the interlinkages between the regulated and the shadow banking sector, not least via limiting the respective credit risk exposure;
Amendment 195 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Believes that the ECB’'s supervisory strategy, while avoiding any differentiation along national lines, should reflect and safeguard pluralism of banking models across the EU without undermining the effectiveness of the SSM;