20 Amendments of Eva KAILI related to 2017/2124(INI)
Amendment 8 #
Motion for a resolution
Citation 8 a (new)
Citation 8 a (new)
- having regard to the ECB Macroprudential Bulletin, Issue 1, 2016
Amendment 9 #
Motion for a resolution
Citation 8 b (new)
Citation 8 b (new)
- having regard to the Governing Council Statement on Macroprudential Policies (15 December, 2016)
Amendment 10 #
Motion for a resolution
Citation 8 c (new)
Citation 8 c (new)
- having regard to the ECB Report on Financial Structures (October 2016)
Amendment 49 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
F a. whereas financial products and services provided by non traditional financial intermediaries are rapidly growing, eroding the profitability of the financial system incumbents;
Amendment 54 #
Motion for a resolution
Recital F b (new)
Recital F b (new)
F b. whereas financial applications based on blockchain technology (e.g. smart contracting, blockchain based clearing and transfer of assets) accelerates financial disintermediation posing new challenges on the traditional financial intermediation business models as well as on the regulatory and supervisory role of ECB;
Amendment 56 #
Motion for a resolution
Recital F c (new)
Recital F c (new)
F c. whereas a growing number of FinTech firms have a significant potential on the widening of financial inclusion in the Euroarea and also increase the need of supervision and monitoring on the micro and macroprudential level;
Amendment 58 #
Motion for a resolution
Recital F d (new)
Recital F d (new)
F d. whereas the volume of transactions carried out with virtual currencies increases drastically and challenges the predominance of the traditional legal tender systems;whereas virtual currencies are alternative options of payment and not legal tender;
Amendment 59 #
Motion for a resolution
Recital F e (new)
Recital F e (new)
F e. whereas the increasing volume of alternative virtual currencies in Europe and worldwide challenges the traditional role of central banks in determining the quantity of money as a tool for monetary and price stability;
Amendment 60 #
Motion for a resolution
Recital F f (new)
Recital F f (new)
F f. whereas the challenges of operational risk are still high especially in the peripheral Eurozone economies where the pre and post crisis supervision is weakest;
Amendment 227 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. underscores that a more complete Central Bank policy should also target the level of unemployment;
Amendment 296 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Points out that even though M1 grew at a rate of 8.8 % in 2016, M3 continues to grow at just 5 % per year, which shows that the transmission of monetary policy is not fully effective and indicates monetary abnormalities as well as lack of adequate credit supply;
Amendment 335 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Acknowledges that the current policy of low interest rates has a positive effect on the level of nonperforming loans (NPLs); calls for a European strategy involving a secondary market for NPLs in order to alleviate the burden of NPLs in some Member States; stresses also that in order this European strategy to succeed it is paramount to reduce the judicial system disparities between the Member States in their speed and enforcement capacity;
Amendment 340 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21 a. Welcomes the effort of the ECB and SSM to supervise and assist the banks of the Euroarea in their effort to reduce their NPL exposures;calls on an increase in supervision and assistance on cases of banks with historically high operational inefficiency and governance problems;
Amendment 343 #
Motion for a resolution
Paragraph 21 b (new)
Paragraph 21 b (new)
21 b. Underscores that operational risk has also a significant impact in causing systemic instability;stresses that operational risk is not sufficiently addressed within the current supervisory regime despite the fact that it is diagnosed among the main sources of bank failure in the Euroarea both before and after the financial crisis, especially in peripheral economies with still weak supervisory structures;
Amendment 346 #
Motion for a resolution
Paragraph 21 c (new)
Paragraph 21 c (new)
21 c. Calls on the ECB to assess the impact of the governance model of the banks, as well as their business model, in the management of their NPL exposures, and identify whether certain management methods and practices cause persistence of NPL volumes in the balance sheet of the banks who have higher exposure;
Amendment 451 #
Motion for a resolution
Paragraph 31 a (new)
Paragraph 31 a (new)
31 a. Calls on the ECB to assess the impact of the virtual currencies in the traditional monetary policy as well as on the target of price stability;
Amendment 473 #
Motion for a resolution
Paragraph 33
Paragraph 33
33. Urges the ECB to support Greece, for example through ensuring the eligibility of Greek companies for the CSPP and the inclusion of Greek sovereign bonds in the APP; stresses the urgent character of this support and the need to be materialized as soon as possible;
Amendment 531 #
Motion for a resolution
Paragraph 37
Paragraph 37
37. Is concerned by the lack of sufficient clarity and transparency surrounding the provision of ELA as well as the determination of its pricing;
Amendment 549 #
Motion for a resolution
Paragraph 38 a (new)
Paragraph 38 a (new)
38 a. Calls on the ECB to assess the cause of the eroding profitability of the traditional financial institutions not only by focusing on their current value proposals but also by examining the adequacy of their business models against the agility, value chain innovation and business strategy of the emerging FinTech firms;
Amendment 554 #
Motion for a resolution
Paragraph 38 b (new)
Paragraph 38 b (new)
38 b. Calls on the ECB to evaluate the impact of blockchain technology not only in the light of the virtual currencies but more widely, as a source of a new model of financial disintermediation, which includes smart contracts, code based systems of trust and value transfer;