BETA

22 Amendments of Markus FERBER related to 2019/2130(INI)

Amendment 21 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 29 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 44 #
Motion for a resolution
Recital D a (new)
D a. whereas the level of non- performing loans in several Member States remains unacceptably high;
2019/12/18
Committee: ECON
Amendment 45 #
Motion for a resolution
Recital D b (new)
D b. whereas the issue of the state-bank nexus has not been sufficiently addressed yet;
2019/12/18
Committee: ECON
Amendment 51 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 62 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 63 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 69 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 86 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 103 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 109 #
Motion for a resolution
Paragraph 6
6. Restates the importance of a safe asset in the euro area as a way to help stabilise financial markets and allow banks to reduce the exposure of their balance sheets to national sovereign debt; calls on the Commission to submit a legislative proposal for the creation of a true European safe asset;deleted
2019/12/18
Committee: ECON
Amendment 154 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 178 #
Motion for a resolution
Paragraph 12
12. Requests increased transparency in banking supervision in order to reinforce trust from capital and financial markets, companies and citizens;deleted
2019/12/18
Committee: ECON
Amendment 188 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 190 #
Motion for a resolution
Paragraph 14
14. Notes that there is considerable interconnectedness between the ‘shadow banking’ sector and the ‘traditional’ banking sector, which raises concerns of systemic risk given the lack of appropriate supervision of the first; calls, in this regard, for the establishment of a macroprudential toolkit to counter threats to financial stability posed by the increasing role of the ‘shadow banking’ system;deleted
2019/12/18
Committee: ECON
Amendment 207 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 212 #
Motion for a resolution
Paragraph 16
16. Recalls its resolution of 8 June 2011 on credit rating agencies: future perspectives; notes that the creation of a European credit rating agency would contribute to increasing competition, reducing information asymmetries and increasing transparency for markets; notes that sustainability ratings based on environmental, social and governance (ESG) criteria are an important complement to the credit risk assessments provided by credit ratings in channelling funds towards investments in sustainable activities;deleted
2019/12/18
Committee: ECON
Amendment 220 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 227 #
Motion for a resolution
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;
2019/12/18
Committee: ECON
Amendment 240 #
Motion for a resolution
Paragraph 19
19. Is concerned by the lack of mechanisms in the Banking Union to ensure that emergency liquidity can be provided in the event of a resolution and calls on the Commission to attempt to address this gap without further delay;deleted
2019/12/18
Committee: ECON
Amendment 248 #
Motion for a resolution
Paragraph 20
20. Urges the operationalisation of the backstop to the SRF in accordance with the terms of reference agreed by EU finance ministers;
2019/12/18
Committee: ECON
Amendment 271 #
Motion for a resolution
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;
2019/12/18
Committee: ECON