23 Amendments of Markus FERBER related to 2020/2122(INI)
Amendment 38 #
Motion for a resolution
Recital C
Recital C
C. whereas the lack of a solution to the treatment of sovereign debt exposures and national options and discretions persists, undermining the European dimension of the Banking Union; points out that the rising public debt levels following the pandemic make an appropriate treatment of sovereign exposures more pressing;
Amendment 49 #
Motion for a resolution
Recital D
Recital D
D. whereas climate change, environmental degradation and the transition to a low-carbon economy bring new risks to banks’ balance sheets; whereas sophisticated risk models should already capture many of the risks associated with climate change;
Amendment 55 #
Motion for a resolution
Recital E
Recital E
E. whereas consumer protection varies across the Banking Union, while the EU legislation provides a strong minimum baseline;
Amendment 70 #
Motion for a resolution
Recital I
Recital I
I. whereas the crisis management and deposit insurance (CMDI) framework should be proportionalte, more efficient and more coherent, and should contribute to financial stability, while duly taking into account the principle of subsidiarity;
Amendment 72 #
Motion for a resolution
Recital I a (new)
Recital I a (new)
Amendment 78 #
Motion for a resolution
Recital J
Recital J
J. whereas depositors across the Banking Union should enjoy the same level of protection; whereas the provisions in the DGSD provide for a very high minimum baseline of protection of depositors;
Amendment 90 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Recalls that the Banking Union has delivered the institutional set-up for greater market integration, through the SSM and the SRM, while a European deposit insurance scheme (EDIS) is still lacking and a high level of deposit protection through the provisions in the DGSD;
Amendment 99 #
3. Considers that banks’ response to the current crisis demonstrates that the regulatory reforms in the past decade, as well as the institutional set-up, have resulted in better-capitalised and, less- leveraged and therefore more resilient banks;
Amendment 142 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Welcomes the ESAs’ recommendation of 31 March 2021 to prepare for an expected deterioration of asset quality; invites the Commission as well as national and European supervisory authorities to prepare for such a deterioration of asset quality;
Amendment 143 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Is concerned about the high levels of legacy non-performing exposures many institutions had even before the pandemic;
Amendment 149 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Calls for a well-orchestrated shift from pandemic relief to recovery support tools; stresses that support measures should become more targeted as the recovery progresses;
Amendment 171 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Welcomes the ECB’s report on the digital euro and the outcome of its public consultation and expects further analysis of the implications for the banking sector; points out that, depending on the precise design features of a digital euro, the impact on the banking sector might be significant affecting areas such as payments, banks' ability to perform maturity transformation and overall lending capacity; invites the ECB to consider those aspects as well as potential financial stability implications in the future work on the digital euro;
Amendment 176 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Notes the postponement of the implementation of the Basel III reforms and awaits the Commission’s upcoming proposal on the implementation of the finalised standards, takingcalls on the European Commission to sufficiently take into account the specificities of the EU banking sector as well as the impact of the Covid- 19 crisis on the banking sector; recalls that the Group of Central Bank Governors and Heads of Supervision initially expressed the view that the finalisation of Basel III should on average not significantly increase overall capital requirements; regrets that initial EBA assessments lead to a different conclusion and calls on the European Commission to limit overall capital increases in the transposition of the Basel III finalisation framework without compromising on financial stability;
Amendment 203 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. NotWelcomes that the SSM, in response to the COVID-19 pandemic, temporarily allowed banks to use extra capital buffers and provided flexibility for rebuilding them; notes that this increased flexibility has helped to increase banks' lending capacity during the crisis;
Amendment 221 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Stresses that ensuring proper and timely management of deteriorated exposures will be key to preventing a further build-up of non-performing loans (NPLs) in the short term;
Amendment 247 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Stresses thNotes that there might be benefits of banking consolidation in addressing the overcapacities and fragmentation of the banking sector; stresses that this should ultimately be a market-driven process;
Amendment 263 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Is concerned that as Member States sell increasing amounts of sovereign bonds, their share in banks’ balance sheets grows, potentially aggravating the doom loop; points out that this trend is exacerbated by the zero risk weight assigned to sovereign exposures that incentives excessively large positions in sovereign exposures; considers that the creation of Next Generation EU will provide high-quality European assets;
Amendment 268 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. Calls on the European Commission to address the state-bank nexus by making a legislative proposal to introduce non-zero risk weights for sovereign exposures;
Amendment 297 #
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27 a. Notes that adherence to the proportionality principle is key to make banking supervision work, in particular for smaller institutions;
Amendment 334 #
Motion for a resolution
Paragraph 33
Paragraph 33
33. Considers it necessary to review the public interest assessment in order to allow resolution tools to be applied to a broader group of banks and welcomes the SRB's ongoing work in this regard;
Amendment 346 #
Motion for a resolution
Paragraph 35
Paragraph 35
35. Notes the importance of depositors across the Banking Union enjoying the same level of protection of their savings; points out that the implementation of the DGSD has contributed and continues to contribute to that objective; takes note of the Commission proposal's attempt to further strengthen citizens’ confidence in the protection of deposits by introducing an EDIS; notes that there has been little progress since the Commission proposal in 2015; in light of this experience, invites the European Commission to consider withdrawing the proposal for an EDIS;
Amendment 367 #
Motion for a resolution
Paragraph 36
Paragraph 36
36. Notes the Commission’s launch of the review of the CMDI framework, including the option of a hybrid EDIS; points out that while the review of CMDI should strive to improve the coherence and consistency of the framework, it should not fundamentally alter the overall institutional balance of the Banking Union;
Amendment 374 #
Motion for a resolution
Paragraph 36 a (new)
Paragraph 36 a (new)
36 a. Calls on the European Commission to duly take into account the important role of Institutional Protection Schemes in protecting and stabilising member institutions if and when new proposals in relation to deposit insurance are introduced;