24 Amendments of Markus FERBER related to 2022/2061(INI)
Amendment 13 #
Motion for a resolution
Citation 28
Citation 28
Amendment 19 #
Motion for a resolution
Recital A
Recital A
A. whereas the Banking Union (BU) currently consists of the Single Supervisory Mechanism (SSM) and, the Single Resolution Mechanism; whereas although the Deposit Guarantee Schemes Directive4 sets out and high minimum standards in the area of deposit protection, the BU remains unfinished because the third pillar – the European deposit insurance scheme (EDIS) – has not yet been established; _________________ 4 Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on deposit guarantee schemes (OJ L 173, 12.6.2014, p. 149).rough the Deposit Guarantee Schemes Directive;
Amendment 45 #
Motion for a resolution
Recital F
Recital F
F. whereas the role of the banking sector is crucial to the transition to a sustainablesupport the European economy;
Amendment 65 #
Motion for a resolution
Recital I
Recital I
I. whereas ensuring a high-level and equalof protection of all investors and depositors is at the core of the BU and the Capital Markets Union;
Amendment 75 #
Motion for a resolution
Recital J
Recital J
J. whereas completing the BUaddressing the problem of excessive concentration risks of banks to sovereigns will break the sovereign-bank doom loop;
Amendment 94 #
1. Condemns in the strongest possible terms the Russian aggression against Ukraine and its devastating impact on the Ukrainian people; notes that the Russian invasion has also had social, economic and financial consequences for the EU, including exacerbating inflation trends; notes that banks’ direct exposures to Russia and Ukraine are limited, but that the banking sector may be affected by indirect impacts; points out that European banks should prepare for a potential deterioriation in asset quality; 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 a potential deterioration of asset quality;
Amendment 106 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that the EU should fairly and fully implement the Basel III reform in a timely manner and in a way that takes into account the specificities of the European banking sector;
Amendment 119 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. NotWelcomes that the ECB has decided to raise its main interest rates from 0 % to 2,5 % for the main refinancing operation rate in various increments, in order to respond to strong inflationary pressures;
Amendment 128 #
Motion for a resolution
Paragraph 5
Paragraph 5
Amendment 145 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the ongoing work by the ECB on the digital euro; looks forward to the Commission’s legislative proposal and the ECB Governing Council’s decision on the digital euro; invites the ECB to clearly communicate the precise use case and added value of the digital euro to European citizens;
Amendment 147 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6 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 177 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9 a. notes that according to the EBA’s ‘Risk Assessment of the European Banking System’ of December 2022, banks classify 9.5% of loans in stage 2, the highest level since 2018 when reporting was initiated1a; is concerned that this might point towards rising NPL rates going forward; _________________ 1a EBA. Risk Assessment of the European Banking System December 2022.
Amendment 195 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Notes that banks’ exposures to domestic sovereign debt remain high; recalls that one of the main objectives of the BU is to break the link between bank and sovereign risks; calls on the European Commission to present a legislative proposal introducing appropriate risk weights for sovereign exposures;
Amendment 200 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. S Shares EBA's concern expressed in the ‘Risk Assessment of the European Banking System’ of December 2022 that sovereign exposures are material for EU banks and could become a source of potential vulnerability1a; _________________ 1a EBA. Risk Assessment of the European Banking System. December 2022. p.30
Amendment 201 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11 b. Points out that rising public debt levels following the pandemic make an appropriate treatment of sovereign exposures more pressing;
Amendment 203 #
Motion for a resolution
Paragraph 12
Paragraph 12
Amendment 210 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Highlights that an overambitious sustainable finance agenda that neglects risk management aspects could lead to the build-up of a green asset bubble thus raising financial stability concerns;
Amendment 213 #
Motion for a resolution
Paragraph 13
Paragraph 13
Amendment 257 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Points out the need to address the loopholes identified in the resolution framework; asks that the public interest assessment be further specified and harmonised; calls for greater harmonisation of the treatment of small and medium-size banks; stresses that the resolution framework and State aid rules should be consistent;
Amendment 264 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20 a. Notes that a failing bank is only sent into resolution, when it cannot go through normal insolvency proceedings without harming public interest or causing financial instability; points out that therefore for most small banks, insolvency will be the default procedure; calls on the Commission to take this aspect into consideration when designing its CMDI proposal;
Amendment 265 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Calls on the Commission to put forward an ambitious and, comprehensive and proportionate review of the crisis management and deposit insurance framework that make the framework more coherent, credible and effective; recalls that protecting taxpayer money is one of the main objectives of the resolution framework;
Amendment 277 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Regrets that the BU is still incomplete owing to the absence of an EDIS; recognises that the EDIS would improve protection for depositors in the EU; recalls that the EDIS is the most tangible element of the BU for EU citizens; considers that the EDIS would provide an additional safeguard to hPoints out that in the absence of an EDIS, depositors are well protected through high minimum standards of deposit Member States and could therefore contribute to addressing home/host issuesprotection;
Amendment 289 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Acknowledges the progress made regarding the reduction of risks in the banking sector; and calls for a risk sharing mechanism, while continuing thethe continuation of this process; highlights that such risk -reduction trendmeasures should precede any further risk sharing;
Amendment 298 #
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;