22 Amendments of Markus FERBER related to 2019/2130(INI)
Amendment 21 #
Motion for a resolution
Recital A
Recital A
A. whereas the process of deepening the Economic and Monetary Union requires a solid Banking Union as an indispensable building block to the euro area’s financial stability, as well as the creation of a mechanism of fiscal stabilisation for the euro area as a whole;
Amendment 29 #
Motion for a resolution
Recital B
Recital B
B. whereas the Banking Union remains incomplete as long as it lacks a backstop for the Single Resolution Fund (SRF), and a European Deposit Insurance Scheme (EDIS) credible solution to the issue of sovereign exposures and a substantial reduction of the stock of non-performing loans;
Amendment 44 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
D a. whereas the level of non- performing loans in several Member States remains unacceptably high;
Amendment 45 #
Motion for a resolution
Recital D b (new)
Recital D b (new)
D b. whereas the issue of the state-bank nexus has not been sufficiently addressed yet;
Amendment 51 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Recalls the progress made regarding the implementation of the Banking Union, namely on risk reduction; stresses, however, that further progress has to be made, particularly on risk sharingreduction;
Amendment 62 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Deplores that too little progress has been made in addressing the risks associated with the state-bank nexus; points out the concentration risks associated with the high stocks of government exposures in banks' balance sheets;
Amendment 63 #
Motion for a resolution
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Points out that government bonds are not risk free assets and should not be treated as such; calls on the Commission to make a legislative proposal introducing risk weights for sovereign exposures;
Amendment 69 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the support of the [incoming] President of the European Commission and the President of the ECB for the completion of the Banking Union and, more globally, the Economic and Monetary Union, through the creation of a fiscal capacity designed to provide the euro area with an adequate stabilisation function;
Amendment 86 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Notes that bank profitability has increased steadily since 2012, with return on equity surpassing 6 % since 2017; underlines that the low risk and low interest rate environment temporarily has resulted in lower costs for provisions and losses; points out that this is not a structural improvement though; recalls the need to continuously evaluate the levels of financing to the economy and particularly to SMEs;
Amendment 103 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Underlines the crucial role of the banking sector in channelling funding into the real economy, including sustainable investments and enabling the transition to a climate-neutral economy;
Amendment 109 #
Motion for a resolution
Paragraph 6
Paragraph 6
Amendment 154 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that the ratio of non- performing loans (NPLs) held by significant institutions has fallen by more than half from the start of ECB banking supervision, in November 2014, to June 2019; underlines the need to protect customers’ rights in the context of NPL transactions; points out that the level of non-performing loans still remains very high in certain Member States and that further efforts are needed to address this issue; stresses the need for an effective framework for secondary markets for NPLs;
Amendment 178 #
Motion for a resolution
Paragraph 12
Paragraph 12
Amendment 188 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Notes that innovative financial technologies are profoundly transforming the financial sector, including banking and payment services; highlights the need to address the challenges posed by these new technologies, such as ensuring sustainable business models, a level playing field in terms of regulation and supervision, and cybersecurity; points out that at the same time the regulatory and supervisory regime needs to remain open for innovation;
Amendment 190 #
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 207 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the agreement on the exchange of information between the ECB and the AML/CFT supervisors; recalls its serious concern about regulatory and supervisory fragmentation in the AML/CFT area, which is ill-suited to supervise the increasing cross-border activity in the EU; calls on the Commission to start working on the overhaul of the EU AML framework and legislation to effectively address the risks posed by cross-border illegal activity to the integrity of the EU financial system and the security of EU citizens; recalls Parliament's resolution of 19 September 2019 on the state of implementation of the Union’s anti-money laundering legislation and calls on the Commission to take Parliament's input into consideration;
Amendment 212 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 220 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Notes the need to increase efforts to make financial market activity more consistent with sustainability objectives and ESG criteria, underlining the central role of the ESAs in these objectives;
Amendment 227 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Welcomes the fact that the Single Resolution Board has not been required to take resolution action in 2019; urges the Commission to review whether the legislation is adequate to ensure that all banks could, if needed, be resolved without the need for taxpayers’ money; invites the Commission to follow up on the Financial Stability Board review of the ‘too big to fail’ legislation and consider if legislation to separate deposit-taking and investment banking should once again be considered; calls on the Single Resolution Board to complete the process of establishing resolution plans and sufficient MREL buffers for all relevant banks;
Amendment 240 #
Motion for a resolution
Paragraph 19
Paragraph 19
Amendment 248 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Urges the operationalisation of the backstop to the SRF in accordance with the terms of reference agreed by EU finance ministers;
Amendment 271 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Urges the completion of the Banking Union through the creation of a fully mutualised EDIShigh levels of deposit protection, e.g. through a deposit reinsurance scheme, to protect depositors against banking disruptions and to ensure confidence among depositors and investors across the Banking Union; welcomes the support of the [incoming] President of the Commission and the President of the ECB for the establishment of EDIS;