Activities of Sander LOONES related to 2017/2072(INI)
Plenary speeches (2)
Banking Union - Annual Report 2017 (debate) NL
Banking Union - Annual Report 2017 (debate) NL
Reports (1)
REPORT on Banking Union – Annual Report 2017 PDF (410 KB) DOC (71 KB)
Amendments (16)
Amendment 1 #
Motion for a resolution
Citation 2
Citation 2
— having regard to the feedback of the Commission and the European Central Bank (ECB) on Parliament’s resolution of 10 March5 February 20167 on ‘Banking Union – Annual Report 2016’,
Amendment 6 #
Motion for a resolution
Citation 6 a (new)
Citation 6 a (new)
- having regard to the Commission's Consultation document of 10 November 2017 on statutory prudential backstops addressing insufficient provisioning for newly originated loans that turn non- performing,
Amendment 28 #
Motion for a resolution
Recital A
Recital A
A. whereas at the end of 2016on an unconsolidated basis, the total number of credit institutions in the euro area stood at 5 ,073 on an unconsolidated basisat the end of 2016, down from 5 ,475 in 2015, 5 614 in4 at the end of 20145 and 6 767 in 20083 ; _________________ 3 For the data on 2015, 2014 and 2008, see: ECB, Report on Financial Structures, October 2016, p. 22. The data for 2016 have been sent to us by the ECB and are based on the SDW (http://sdw.ecb.europa.eu/). They can be updated once thefrom 6,768 at the end 2008, amounting to a 25% decrease over the period from 2008 to 2016; whereas on a consolidated basis, the total number of credit institutions in the euro area stood at 2,290 at the end of 2016, down from 5,474 at the end of 2015 and 6,768 at the end of 20083a; _________________ 3a European Central Bank, Report on Ffinancial Sstructures for 2017 is available, October 2017, pp. 23- 24.
Amendment 54 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
C a. whereas risks in certain national banking systems remain insufficiently addressed;
Amendment 63 #
Motion for a resolution
Recital D
Recital D
D. whereas the Banking Union remains incomplete, which is at least partially due to insufficient progress in risk reduction;
Amendment 101 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Notes with concern that there are strong indications that Banca Popolare di Vicenza and Veneto Banca were treated as solvent, merely for the purpose of and in need of a precautionary recapitalization in one week, and then as ‘failing or likely to fail’ the next week, without this being due to sudden changes in their capital or liquidity position;
Amendment 111 #
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, which may be filled in by political considerations, as this determination greatly depends on how a bank’s assets are valued; points, in this regard, to the Banca Popolare di Vicenza and Veneto Banca cases; calls, therefore, on the Commission, the SSM and the SRB to reflect on ways to increase transparency when assessing the solvency of credit institutions and considering resolution decisions;
Amendment 135 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Reiterates its concerns 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; welcomes, in particular, the Commission’s ongoing work on statutory prudential backstops for new loans that turn non-performing, as well as the ECB’s draft addendum to its guidance to banks on NPLs; 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 158 #
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 note, in this respect, ofcalls, in this respect, for EU or Eurozone measures to address concentration risk, including a large-exposure limit, possibly combined with the introduction of non- zero risk weights, to be introduced; notes, in this respect, the idea of a Sovereign Concentration Charges Regulation (SCCR); expresses its concerns, however, about the Commission’s ongoing work on the idea of so-called sovereign bond- backed securities (SBBS);
Amendment 183 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Stresses the need to introduce a more robust leverage ratio, especially for global systemically important institutions (G-SIIs);asks the Union legislators to speed up its work on the leverage ratio and not to await the finalisation of technical talks at Basel level on this issue;
Amendment 204 #
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; considers the Commission’s remarks on this issue in the 11 October Banking Communication to be insufficient4a; _________________ 4aCommission communication on completing the Banking Union, 11 October 2017, p. 9 (COM(2017)05920).
Amendment 229 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Takes note of the proposals on the review of the ESFS, including the ‘omnibus’ proposal amending the ESAs’ governance, funding and powers; calls on the Union legislators to find an appropriate equilibrium between the tasks and powers of the national competent authorities (NCAs) and the ESAs;
Amendment 262 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Is concerned about the high number of legal applications lodged before the General Court of the EU in relation to the Banco Popular Español S.A. case and the opaque nature of its sale to Banco Santander; invites the Commission and the SRB to jointly publish a summary of the issues most criticized by the legal applications; asks the Commission to assess whether this could endanger the effectiveness of the new resolution regime; calls on the SRB and the Commission to provide more transparency in future resolution decisions;
Amendment 280 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Calls on the Commission to undertake as soon as possible the review referred to in the last subparagraph of Article 32(4) of the BRRD, taking into account the interplay between the NPL problem and the BRRD and State Aid rules, as well as the interplay between the new resolution regime and the 2013 Banking Communication, in order to draw lessons from the 2017 banking cases; calls on the Commission to pay particular attention in its evaluation to the condition that the precautionary recapitalisation ‘shall not be used to offset losses that the institution has incurred or is likely to incur in the near future’, as this condition seems difficult to fulfil in reality, especially when dealing with banks suffering from a high stock of NPLs;
Amendment 287 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Calls on the Commission to re- examine on a yearly basis whether the requirements for the application of Article 107(3)(b) TFEU regarding the possibility of State Aid in the financial sector continue to be fulfilled;
Amendment 392 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Instructs its President to forward this resolution to the Council, the Commission, the ECB and the SRBBA, the ECB, the SRB, the national parliaments and the competent authorities as defined in point (40) of Article 4(1) of Regulation (EU) No 575/2013.