17 Amendments of Markus FERBER related to 2018/2100(INI)
Amendment 15 #
Motion for a resolution
Recital A
Recital A
A. whereas entrusting the ECB with the supervision of systemically important financial institutions has proven to be successful;
Amendment 17 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas the ECB has to date not always taken the proportionality principle sufficiently into account in its direct and indirect supervisory activities;
Amendment 32 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas the stock of non- performing loans is still worryingly high in the banking systems of some Member States;
Amendment 35 #
Motion for a resolution
Recital C b (new)
Recital C b (new)
Cb. whereas risk reduction should be assigned the highest priority in the further development of the Banking Union;
Amendment 36 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the achievements of the Banking Union in fostering a truly single market, a level playing field and predictability for market actors; considers that a fully completed Banking Union will further strengthen financial stability and growth prospects in the EU;
Amendment 56 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Stresses that the proposals made by international bodies should be translated into European law in such a way as to take due account of the specific characteristics of the European banking sector;
Amendment 58 #
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Stresses that the Basel Committee on Banking Supervision (BCBS) standards in particular should not be enacted wholesale into European law without taking proper account of the specific characteristics of the European banking system and of the proportionality principle;
Amendment 59 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recalls the need for a coherent set of rules for the proper functioning of the Banking Union; calls on the Commission to prioritise regulations over directives as the legislative tool for the Banking Union and to make it a priority to fully ensure that all relevant legislation is fully implemented in all Member Statstresses, however, that in the case of small and non-systemic banks in particular, a supervisory regime should be applied that is proportionate and in line with regional circumstances; calls on the Commission, in cooperation with the European supervisory authorities, to identify and remove obstacles to the internal market;
Amendment 63 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Believes that decisions by the supervisory and resolution authorities must be coherent, properly explained, transparent and made public; urges the supervisory and resolution authorities to be as restrictive as possible in applying the provisions that allow them to refuse access to documents;
Amendment 66 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Takes note of the ECB’s recent ‘failing or likely to fail’ assessments, carried out in 2018; is deeply concerned that some of these cases raised issues concerning the enforcement of anti-money laundering rules in the Banking Union; underlines the urgent need for a common EU approach in this regard with clearly assigned powers; welcomes, in this regard, the European Commission’s proposal to strengthen the European Banking Authority in the field of money laundering;
Amendment 90 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Highlights that sovereign debt is not risk-free and should not be treated prudentially as if it was; takes note of the on-going work of the Basel Committee on Banking Supervision (BCBS) on sovereign risk; is concerned by the fact that some financial institutions are heavily invested in their own sovereign debt; calls on the Commission to assess whether tosubmit a legislative proposal providing for the gradual introducetion of risk weighting ons for sovereign bondsdebt or exposure limits in the EUfor government bonds;
Amendment 120 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Takes note of the on-going negotiations on the European System of Financial Supervision (ESFS); believes that a single market needs appropriate supervisory powers at EU level in those cases where issues affecting the whole of the internal market are of relevance; stresses the important coordinating role of the European System of Financial Supervision in order to ensure that the common rules are applied consistently;
Amendment 127 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 138 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Stresses that the proportionality principle, in particular, has not been sufficiently taken into account thus far in the exercise of supervision;
Amendment 140 #
Motion for a resolution
Paragraph 17 b (new)
Paragraph 17 b (new)
17b. Draws attention to the division of responsibilities between the ECB and the European Banking Authority (EBA); stresses that the ECB should not become the de facto standard-setter for non-SSM banks;
Amendment 144 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Welcomes the agreement reached at the Euro Summit meeting of 29 June 2018 that the European Stability Mechanism (ESM) will provide the common backstop to the Single Resolution Fund (SRF) and be turned into a true European Monetary Fund (EMF) based on strict conditions ensuring responsibility and the principle of avoiding moral hazard; stresses the need for proper democratic scrutiny; recalls Parliament’s position that the EMF should be fully incorporated into the Union's institutional framework;
Amendment 173 #