20 Amendments of Marianne THYSSEN related to 2013/2021(INI)
Amendment 21 #
Motion for a resolution
Recital C
Recital C
C. whereas excessive risk-taking, excessive leverage, inadequate capital andrequirements for trading and investment activities, the absence of liquidity requirements and the excessive complexity of the overall banking system were at the root of the financial crisis;
Amendment 38 #
Motion for a resolution
Recital D
Recital D
D. whereas the current post-crisis weakness in the structure of EU banks demonstrates the need foat there may be a need for further reform in order to serve the wider needs of the economy and that moreover significant disparities between Member States are perceptible as regards the nature and degree of the reforms of their banking sectors which they have implemented and planned;
Amendment 49 #
Motion for a resolution
Recital F
Recital F
Amendment 64 #
Motion for a resolution
Recital G
Recital G
G. whereas the financial crisis demonstrated the problem of cross- contamination between banks’ retaildepository/lending activities and their risky trading and investment activities;
Amendment 132 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Takes the view that while current proposals for reforms of EU banking sector rules (including the Capital Requirements Directive and Regulation, the Recovery and Resolution Directive, the Single Supervisory Mechanism, the Deposit Guarantee Schemes Directive and shadow banking initiatives) are vital, a more fundamental reform of the banking structure is essentialcalled for, and complementary to the other proposals;
Amendment 147 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Insists that the Commission’s impact assessment include a thorough assessment of the cost to both public finances and financial stability of the failure of an EU- based bank during the current crisis, together withas well as an assessment of the costs which would be entailed by a structural reform as regards the role of banks in financing the European economy, expressly taking account of the significant differences in the structure of the banking sectors of the various Member States, and also taking into account the impact of the measures which are currently being devised or have already been adopted both under the aegis of the Basel Committee and at EU level, and that the assessment provide information on the nature of the EU’s current universal banking model, including the size and balance sheets of the retaildepository/lending activities and trading and investment activities of all universal banks operating in the EU, broken down by individual bank and country;
Amendment 156 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Considers, moreover, that in view, inter alia, of the current difficult economic situation in the European Union, this impact assessment should also investigate the desirable timetable for such structural reforms;
Amendment 194 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Considers that an effective banking system must deliver a change in banking culture in order to reduce complexity, enhance competition, limit interconnectedness between risky and commercialtrading and investment activities and depository/lending activities, improve corporate governance, create a responsible remuneration system, allow effective bank resolution and recovery, reinforce bank capital and deliver credit to the real economy;
Amendment 221 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Urges the Commission to come forward with a proposal for mandatory separation of banks’ retail and investment activitiesdepository/lending activities and significant trading and investment activities, adhering to the two-stage procedure and the separation criteria set out in the HLEG report, although for the purpose of calculating the thresholds the less risky assets available for sale (the ‘AFS’ category), as to be more precisely defined by the EBA, should not be taken into account;
Amendment 244 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Urges the Commission to come forward with a proposal for such mandatory separation through the establishment of a thorough, transparent and credible ‘ring fence’ around, or even complete hiving-off into an entity outside the banking group, around those risky trading and investment activities of significant volume, on the basis of an evaluation process which closely adheres to the two-stage procedure and the separation criteria set out in the HLEG report, although for the purpose of calculating the thresholds the less risky assets available for sale (the ‘AFS’ category), as to be more precisely defined by the EBA, should not be taken into account, in order not to contaminate bank activities that are vital for the real economy, such as those relating to credit functions, payment systems and deposits; takes the view that in the event of a bank failure, the ring fence must ensure that the retaildeposit/lending bank entity continues business unaffected by operational problems, financial losses, funding shortages or reputational damage resulting from the resolution or insolvency of the investment entity;
Amendment 269 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Urges the Commission to ensure that trading and investment activities do not benefit from implicit guarantees, the use of insured deposits or taxpayer bailouts and that these activities do not pose a risk to the delivery of ring-fenced retailprovision of depository/lending services;
Amendment 285 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Urges the Commission to ensure that where banks undertake particularly risky investment and trading activities, the risks and costs associated with those activities are borne by their tradingring-fenced investment arm and not by their ring-fenced retaildepository/lending arm;
Amendment 308 #
Motion for a resolution
Paragraph 12 – point a
Paragraph 12 – point a
(a) separate legal entities, with separate sources of funding for the bank’s retaildepository banking and investment entities;
Amendment 331 #
Motion for a resolution
Paragraph 12 – point d
Paragraph 12 – point d
(d) net and gross large exposure limits for intra-group transactions between ring- fenced and non-ring-fenced activities, which are at least as strict as those for third-party exposure, including strict limits on the exposure of ring-fenceddepository/lending activities to the ring-fenced investment entity’s riskier activities;
Amendment 355 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Underlines the necessity of assessing the systemic risk presented by both the retail andeposit banks and ring-fenced investment entities, as well as by the group as a whole, with a view to the application of appropriate capital buffers and liquidity requirements for each entity;
Amendment 366 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Urges the Commission to ensure that the retail entitydeposit bank has sufficient capital and liquid assets to enable it, in the event of the bank’s failure, to maintain depositors’ access to funds, to protect the essential services of the ring-fenced arm from the risk of disorderly failure and to prioritise paying out depositors in a timely fashion;
Amendment 378 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Urges the Commission to ensure that adequate differentiation exists in terms of capital, leverage and liquidity requirements between the investment and retaildepository/lending entities, with an emphasis on higher capital requirements for the ring-fenced investment entity;
Amendment 386 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Urges the Commission, in order to manage the risks of loans for real estate operations more effectively, to ensure that limits on the size of loans are adopted in the Member States on the basis of the loan-to-value ratio of the property (LTV) or the loan-to-income ratio of the borrower (LTI) and form part of the instruments of micro- and macro- prudential supervision;
Amendment 412 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Calls on the Commission to include provisions establishing an obligation for all board members of the retaildepository entity, both executive and non-executive, and all levels of management and risk-takers to originate from, and only have responsibility for, the retaildepository entity and not the investment entity;
Amendment 443 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Urges the Commission to make provision for national supervisors, where appropriate in a coordinated manner with the single supervisory mechanism, to have the power to implement full and legal separation of banks;