9 Amendments of Pirkko RUOHONEN-LERNER related to 2017/2072(INI)
Amendment 30 #
Motion for a resolution
Recital A
Recital A
A. whereas at the end of 2016 the total number of credit institutions in the euro area stood at 5 073 on an unconsolidated basis, down from 5 475 in 2015, 5 614 in 2014 and 6 767 3in 20083, but whereas it is desirable to include a reference to how the proportion of too-big-to-fail banks has changed over the same period; _________________ 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 the Report on Financial Structures for 2017 is available.
Amendment 38 #
Motion for a resolution
Recital B
Recital B
B. whereas the stock of non- performing loans of significant institutions (SIs) stood at EUR 865 billion at the end of March 2017, but it is desirable to make a reference to how the number has developed during the crisis;
Amendment 50 #
Motion for a resolution
Recital C
Recital C
C. whereas the 2017 banking cases have shown that the move from bail-out to bail-in has yet to be finalisedmust always be made;
Amendment 112 #
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; observes that the credibility of subscription to bonds and bail-ins has at all events suffered, because the bank was rescued by means of State aid;
Amendment 143 #
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,expresses its dissatisfaction with the work done by different EU institutions and bodies on this issue by promoting or increasing solidarity; 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 Europeeal with non-performing loans before progressing within the Banking Union; _________________ 4 Commission communication on completing the Banking Union, 11 October 2017, p. 15 (COM(2017)0592).
Amendment 168 #
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, of the Commission’s ongoing work on the idea of so-called sovereign bond-backed securities (SBBS)recalls that the idea of so-called sovereign bond-backed securities (SBBS), on which the Commission is currently working, entails its own systemic risks;
Amendment 307 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for progress to be made on the legislative proposals implementing total loss-absorbing capacity (TLAC) in Union law and for it to be broadened and completed, separating investment banking and retail banking from each other; supports the inclusion of a pre- resolution moratorium tool in the BRRD;
Amendment 352 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Recalls that deposit protection is a common concern for all EU citizens and that tax payers have to pick up the tab for the failure of non-performing loans and too-big-to fail banks; is currently debating the proposal on an EDIS at committee level; notes, in this respect, that the Commission’s more proportionate ‘new approach’ to an EDIS as put forward in its communication of 11 October 2017 presupposes solution of the problems of non-performing loans and too-big-to fail banks;
Amendment 383 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Notes the potential benefits and the likely risks related to the introduction of an EDIS; considers, therefore, risk reduction measures to bthat measures to reduce all risks are essential building blocks laying the foundations for an EDIS;