26 Amendments of Markus FERBER related to 2021/2184(INI)
Amendment 1 #
Motion for a resolution
Citation 9
Citation 9
Amendment 19 #
Motion for a resolution
Citation 38 a (new)
Citation 38 a (new)
— having regard to the EBA report 'Risk Assessment of the European Banking System. December 2021' 1a; _________________ 1a https://www.eba.europa.eu/sites/default/do cuments/files/document_library/Risk%20 Analysis%20and%20Data/EU%20Wide% 20Transparency%20Exercise/2021/10251 02/Risk_Assessment_Report_December_2 021.pdf
Amendment 27 #
Motion for a resolution
Recital A
Recital A
A. whereas the bBanking uUnion (BU) currently consists of the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM) and a set of high minimum standards in the area of deposit protection;
Amendment 58 #
Motion for a resolution
Recital D
Recital D
D. whereas some financial institutions in the BU are heavily invested in the debt of their own home sovereign; vereign exposures by European banks have reached close to 12% of banks’ total assets1a; whereas some financial institutions in the BU are heavily invested in the debt of their own home sovereign; _________________ 1a EBA: Risk Assessment of the European Banking System. December 2021. p. 30, Box 3. https://www.eba.europa.eu/sites/default/do cuments/files/document_library/Risk%20 Analysis%20and%20Data/EU%20Wide% 20Transparency%20Exercise/2021/10251 02/Risk_Assessment_Report_December_2 021.pdf
Amendment 92 #
Motion for a resolution
Recital H
Recital H
H. whereas consumers, investors and allcovered depositors should be well protected;
Amendment 98 #
Motion for a resolution
Recital I a (new)
Recital I a (new)
I a. whereas absolute NPL volumes in some Member States remain too high despite overall NPL rates across the EU being on a downward trajectory;
Amendment 108 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Recalls that one goal of the BU is the security of the banking system and the prevention of bank bailouts by taxpayers; supports efforts to strengthen the BU; stresses that a solid BU will result in increased confidence in the banking sector and increase its resilience and competitiveness;
Amendment 151 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Notes that the EBA, the ECB and the SRB still see many problems in the banking system, such as high stocks of non-performing loans (NPLs), exposures to sectors which are sensitive to the COVID- 19 crisis, deficiencies in risk management, and discrepancies in the implementation of International Financial Reporting Standard 9 (IFRS 9); underlines with concern that these problems are likely to increase after the withdrawal of the emergency measures; therefore highlights the importance of prudent risk management and appropriate provisioning; invites the Commission as well as national and European supervisory authorities to prepare for such a deterioration of asset quality;
Amendment 171 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Supports ongoing work on the implementation of the Basel III rules; recalls the objective that the finalisation package must not significantly increase overall capital requirements; therefore commits itself to an implementation approach that duly takes into account European specificities;
Amendment 182 #
7. Notes that the banking sector is adapting to the challenges of digitalisation; stresses the need for further investments, research and adequproportionate regulations; appreciates the work on the digital finance package; considers that the priority should be customer safety, inclusiveness, financial stability and integrity and technological neutrality; observes with interest the work on the digital euro;
Amendment 186 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. 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 213 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Considers the reduction of NPLs should remain a high priority; warns that their number is likely to increase rapidly after the withdrawal of emergency support measures; draws attention to the importance of prudential compliance, early identification and proactive management of NPLs as well as adequate provisioning;
Amendment 225 #
11. Is concerned about the rising level of sovereign debt on the balance sheets of banks in the BU; notes that government bonds are not risk-free assets, but are incorrectly treated as such, and that risks are differentiated; emphasises that the issue of regulatory treatment of sovereign exposures requires an in-depth examination of the consequences of different approachesshould be addressed urgently;
Amendment 228 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Points out that the rising public debt levels following the pandemic make an appropriate treatment of sovereign exposures more pressing;
Amendment 231 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11 b. 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 241 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that the transition to a low- carbon economy presents new challenges and risks related to the preference for sustainable investments; stresses the need for an in-depth analysis of the economic efficiency of sustainable investments in order to avoid the build-up of a future bubble of green assets; calls for clear guidelines for banks based on economic data;
Amendment 263 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Draws attention to the dangers of a very loose monetary policy stimulating inflation; notes that the ultra- accommodative monetary policy combined with negative deposit rates decreases the profitability and competitiveness of European banks; points out the need for the gradual tightening of monetary policy;
Amendment 331 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Supports the specification of the public interest assessment criteria so that the SRM is applied in a more consistent and predictable manner; proposes that an alternative liquidation regime for small and medium-sized banks be considered; asks for a more proportionate setting of theunderlines the need for all resolution banks to meet adequate levels of minimum requirement for own funds and eligible liabilities (MREL) level;
Amendment 341 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Supports the updating of State aid rules in order to ensure their greater adequacy and consistency with the SRM framework; emphasises that one of the goals of such an update should be to enable quick and effective interventions under the SRM or in the alternative liquidation regimereduce incentives to avoid resolution;
Amendment 345 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21 a. Highlights that the envisaged targeted adjustments to the crisis management regime should make it more coherent, credible and effective;
Amendment 353 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Recalls that the SSM and the SRM operate at EU level, while deposit guarantee schemes (DGSs) are operated at national level; recognises that a European deposit insurance scheme (EDIS) would improve protection for depositors in the EU;
Amendment 360 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. points out that the provisions in the DGSD already provide for a very high minimum baseline of protection of depositors;
Amendment 368 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Notes the ongoing discussion of various concepts for the EDIS; favours a deposit reinsurance scheme as the next step;
Amendment 378 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Considers that the main obstacles for EDIS are concerns about risks in some banking systems; stresses that the implementation of credible and effective risk reduction measures could enable an agreement on EDIS; notes that such risk- reduction measures should precede any further risk sharing;
Amendment 386 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24 a. Recognises the risk-mitigating effect of institutional protection schemes and highlights that this should be preserved under any EDIS;
Amendment 395 #
Motion for a resolution
Paragraph 26
Paragraph 26