17 Amendments of Markus FERBER related to 2013/2021(INI)
Amendment 8 #
Motion for a resolution
Recital A
Recital A
A. whereas the Commission estimates that the financial crisis cost EU governments around EUR 1.6 trillion (13 % of EU GDP) in state aid throughwas granted by EU governments in bailouts of the financial sector4 during the financial crisis;
Amendment 18 #
Motion for a resolution
Recital C
Recital C
C. whereas excessive risk-taking, excessive leverage, inadequate capital and liquidity requirements and the excessive complexity of the overall banking system, disincentives in the compensation systems of many financial institutions, an excessive share of the financial sectors of the economies of some Member States and incorrect ratings were at the root of the financial crisis;
Amendment 61 #
Motion for a resolution
Recital G
Recital G
G. whereas the financial crisis demonstrated the problem of cross- contamination between banks’ retail and investment activitiethe different business areas of banks, whilst the experience of recent years shows that the cross-contamination in the various Member States stemmed from different business sectors;
Amendment 125 #
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 essential, and complementary to the other proposalspresent fundamental steps towards reform which will be complemented by other reform measures set out in this own-initiative report;
Amendment 225 #
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 activities, taking account of the legal structures which have evolved in the various banking models in Europe, to come forward with a proposal for mandatory separation of banks’ retail and investment activities which will only be implemented if the investment activity represents a significant share of the turnover of the bank in question;
Amendment 267 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Urges the Commission to ensure that tradinginvestment activities which are separated as a result of their significant share of a bank’s turnover 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 retail servicesretail arm;
Amendment 284 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Urges the Commission to ensure that where a banks undertake trading activitiess investment activities and this area was earmarked for separation as a result of its significant share of the bank’s turnover, the risks and costs associated with those activities are borne by their tradingits investment arm and not by their ring-fencedits retail arm;
Amendment 291 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. Urges the Commission to take account, in its proposal, of the fact that a bank’s retail arm must be allowed to conduct certain investment activities if they form part of its services provided for the real economy or serve to safeguard their own risk positions; urges the Commission to provide for suitable derogations and to stipulate thresholds;
Amendment 297 #
Motion for a resolution
Paragraph 12 – introductory part
Paragraph 12 – introductory part
12. Urges the Commission to ensure that separation, taking into account the legal structures which have evolved in the different European banking models, that the separation of the investment arm – where this is necessary owing to its accounting for a significant share of the bank’s turnover – results in:
Amendment 325 #
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-fencseparated activities, which are at least as strict as those for third-party exposure, including strict limits on the exposure of ring-fenced activitiesthe retail entity to the investment entity’s riskier activities where the latter entity was earmarked for separation as a result of its significant share of the bank’s turnover; the competent authorities of the Member States must be able, as set out in Article 389(2)(c) and (d) of the CRR, to exclude certain risks from the restriction within a group;
Amendment 348 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Underlines the necessity of assessing the systemic risk presented by both the retail and 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 – where the latter could be separated, given its considerable share of the bank’s turnover – as well as by the group as a whole;
Amendment 374 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 402 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Urges the Commission to ensure that separation – where this was earmarked owing to the considerable share of the bank’s turnover attributable to investment entities – delivers independent decision- making and governance for each entity, with separate executive and non-executive board members and whereby neither side of thboard members; calls on the Commission to take ring fenceto account in its owned by or reports to the otherproposals the legal and institutional structures which have evolved in the different European banking models;
Amendment 410 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Calls on the Commission to include provisions establishing an obligation for all executive board members of the retail entity, both executive and non-executive, and all levels of management and risk-takers to originate from, and only have responsibilitin an entity of a bank to have responsibility as executive board members only for, the retail entity and not the investment entityis entity of the bank;
Amendment 419 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Urges the Commission to includeascertain whether provisions introducing personal accountability and liability for board members on both sides of the ring fence and at group level are included;
Amendment 432 #
Motion for a resolution
Paragraph 24
Paragraph 24
Amendment 456 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Stresses that effective competition is necessary in order to ensure a well- functioning and efficient banking sector which fundsacilitates the funding of the real economy by reducing the cost of banking services;