Activities of Barbara KAPPEL related to 2017/2072(INI)
Plenary speeches (1)
Banking Union - Annual Report 2017 (debate) DE
Shadow reports (1)
REPORT on Banking Union – Annual Report 2017 PDF (410 KB) DOC (71 KB)
Amendments (27)
Amendment 56 #
Motion for a resolution
Recital D
Recital D
Amendment 98 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the ECB’s ‘failing or likely to fail’ assessments in respect of Banco Popular Español S.A., Banca Popolare di Vicenza and Veneto Banca; whereas Banco Popular Español S.A. has been saved by private bond holders but Banca Popolare di Vicenza and Veneto Banca have been saved by state aid;
Amendment 102 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Takes note of the fact that Banco Popular Español S.A. has been saved by private bondholders and Banca Popolare di Vicenza and Veneto Banca have been saved by state aid;
Amendment 103 #
Motion for a resolution
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Is concerned about the market consolidation of Santander after the acquisition of Banco Popular;
Amendment 106 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. NotesIs deeply concerned about 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 113 #
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; notes that the market return of the bank implied a large paper loss for Italian tax payers;
Amendment 114 #
Motion for a resolution
Paragraph 2 – subparagraph 1 (new)
Paragraph 2 – subparagraph 1 (new)
Is worried that the Italian government has bought up Monte dei Paschi bonds from private bondholders at 6.5 euro per share, while their market value was fluctuating between 4 and 5 euro;underlines that this constitutes a loss of 29% for the Italian taxpayer;regrets that the Italian state at this rate will acquire a share of 50 to 70% of the shares in Monte dei Paschi;
Amendment 120 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Notes that Monte dei Paschi has been trading again since 25 October 2017;
Amendment 123 #
Motion for a resolution
Paragraph 2 b (new)
Paragraph 2 b (new)
2 b. Stresses that the Italian taxpayer already invested almost 4 billion euro in Monte dei Paschi di Siena;
Amendment 124 #
Motion for a resolution
Paragraph 2 c (new)
Paragraph 2 c (new)
2 c. Is concerned about the estimated share value at reintroduction on the stock exchange at 6.5 euro, while the real value fluctuated between 4 and 5 euro;stresses that at such market rates, the Italian government will lose 1 billion euro;
Amendment 125 #
Motion for a resolution
Paragraph 2 d (new)
Paragraph 2 d (new)
2 d. Is deeply concerned about the insidious nationalisation of Monte dei Paschi;
Amendment 126 #
Motion for a resolution
Paragraph 2 e (new)
Paragraph 2 e (new)
2 e. Notes that the overvaluation of Monte dei Paschi's rate after reintroduction suggests that investors have no confidence in the Italian and EU supervisory mechanisms;
Amendment 127 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Reiterates its conceWarns about the high level of non- performing loans (NPLs) in certain jurisdictions; 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).
Amendment 149 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Rejects any European solution to the problem of non-performing loans that would go beyond guidelines for selling NPLs on secondary markets;
Amendment 163 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recalls that there are risks associated with sovereign debt; notes that in some Member States financial institutions have overly invested in bonds issued by their own governments, constituting excessive ‘home bias’; takes notewarns, in this respect, of the Commission’s ongoing work on the idea of so-called sovereign bond-backed securities (SBBS), which opens the door to a transfer union;
Amendment 166 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recalls that there are risks associated with sovereign debt; notes that in some Member States financial institutions have overly invested in bonds issued by their own governments, constituting excessive ‘home bias’; takes noterejects, in this respect, of the Commission’s ongoing work on the idea of so-called sovereign bond-backed securities (SBBS);
Amendment 192 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the banking reform package proposed by the Commission in November 2016; underlines the importance of the fast-track procedure for the phasing- in of International Financial Reporting Standard (IFRS) 9 in order to avoid cliff effects on the regulatory capital of credit institutions; supports the efforts made to reduce the reporting burden for smaller banks; is concerned, however, about the proposed amendments to the waivers in Articles 7 and 8 of the CRR, and more generally, about the proposed shift in the home-host balance;
Amendment 231 #
Motion for a resolution
Paragraph 10
Paragraph 10
Amendment 300 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the progress made in further harmonising the priority ranking of unsecured debt instruments through the Commission’s proposal of November 2016; calls for rapid implementation by Member States so that banks can issue debt in the new insolvency class and thereby build up the required buffers;
Amendment 304 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 337 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Welcomes the EBA’s decision to publish on an annual basis data received by it in accordance with Article 10(10) of the DGSD; regrets that the data do not allow for a direct comparison of the adequacy of funding between deposit guarantee schemes (DGSs); notes, nonetheless, the need for several DGSs to accelerate the build-up of available financial means in order to achieve the target level of 0.8 % of covered deposits by 3 July 2024;
Amendment 349 #
Motion for a resolution
Paragraph 21
Paragraph 21
Amendment 358 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Recalls that deposit protection is a common concern for all EU citizens that should be managed at national level; is currently debating the proposal on an EDIS at committee level; notewarns, in this respect, that the Commission’s more proportionate ‘new approach’ to an EDIS as put forward in its communication of 11 October 2017 still infringes on national sovereignty;
Amendment 368 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Recalls that the moral hazard of deposit protection spurs deposit banks to engage in overly risky behaviour; recalls that deposit protection disincentives deposit holders to scrutinize their bank and its investment and management decisions;
Amendment 372 #
Motion for a resolution
Paragraph 22
Paragraph 22
Amendment 387 #
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23a. Stresses that any new primary, secondary rules or even guidelines must be accompanied by an in-depth impact analysis which makes clear the overall impact on the real economy - in particular on SMEs and on the financing of households - on employment and on the demand for investment;
Amendment 390 #
Motion for a resolution
Paragraph 23 b (new)
Paragraph 23 b (new)
23b. Recalls the powers of the European Parliament in the issuance of Pillar 1 rules.