Activities of Engin EROGLU related to 2022/2061(INI)
Shadow reports (1)
REPORT on Banking Union – annual report 2022
Amendments (27)
Amendment 11 #
Motion for a resolution
Citation 27
Citation 27
Amendment 12 #
Motion for a resolution
Citation 28
Citation 28
Amendment 47 #
Motion for a resolution
Recital F
Recital F
F. whereas the role of the banking sector is crucial to the recovery from recent crises, especially to SMEs, and to the transition to a sustainable economy;
Amendment 66 #
Motion for a resolution
Recital I
Recital I
I. whereas ensuring high-level and equal protection of all investors and depositors is at the core of the BU and the Capital Markets Union;
Amendment 76 #
Motion for a resolution
Recital J
Recital J
J. whereas not only completing the BU willis required to break the sovereign-bank doom loop but, above all, a revision of the regulatory treatment of banks' sovereign exposures;
Amendment 105 #
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 mannerarget- oriented manner allowing for a sufficient implementation phase for banks; highlights that additional topics should not be introduced at this stage of the negotiations;
Amendment 120 #
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 % for the main refinancing operation rate;
Amendment 140 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. WelcomeFollows the ongoing work by the ECB on the digital euro with utmost interest; looks forward to the Commission’s legislative proposal and the ECB Governing Council’s decision on the digital euro;
Amendment 175 #
9. Notes that since the beginning of 2022, the Common Equity Tier 1 ratio of SSM banks has decreased to 14.96 % and the liquidity coverage ratio has also decreased to 164.36 %5 ; welcomes that the stock of non-performing loans in banks’ balance sheets has continued to decrease, while differences between different Member States remain high; underlines that banks should keep sufficient capital and liquid assets on hand to cope with the economic repercussions of the Russian war; _________________ 5 ECB, ‘Publication of supervisory data’, accessed 15 December 2022.
Amendment 196 #
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, and that one thing in particular required to achieve this is a stronger risk-pricing of sovereign bonds into banking regulation;
Amendment 206 #
12. Highlights that banks have a crucial role to play in enabling the transition towards a sustainable economy; calls for environmental, social and governance (ESG) risks to be included in the prudential frameworkstresses, that the financing of this transition, especially regarding SMEs, should not be jeopardised by overly restrictive regulation and reporting standards;
Amendment 233 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Notes that crypto-assets create new challenges for banksand opportunities within the financial system; welcomes the forthcoming adoption of the regulation on markets in Crypto-assets in this regard;
Amendment 242 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16 a. Points out the necessity to ensure conformity between horizontal measures and financial market regulation particularly with regard to cyber security and digital policies to avoid duplication and bureaucratic burden;
Amendment 252 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Takes note of the SRB’s work programme for 2023; emphasises that the Single Resolution Fund should be fully filled up and that allthe relevant banks should be fully resolvable by the end of 2023; notes that further progress is needed by all banks;
Amendment 262 #
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;, whereby resolution should be guided by the 'other systemically important institutions' classification (O- SII) pursuant to CRD Article 131. stresses that the resolution framework and State aid rules should be consistent;
Amendment 263 #
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 while taking due account of the specificities in national banking sectors; stresses that the resolution framework and State aid rules should be consistent;
Amendment 268 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Calls on the Commission to put forward an ambitious and comprehensive review of the crisis management and deposit insurance framework; points out that this review must take account of the specificities of national banking sectors, with a view to, inter alia, maintaining a functioning framework for the institutional protection schemes for the implementation of preventive measures; recalls that protecting taxpayer money is one of the main objectives of the resolution framework;
Amendment 271 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Calls on the Commission to put forward an ambitious and comprehensive review of the crisis management and deposit insurance framework; recalls that protecting taxpayer money is one of the main objectives of the resolution framework and that losses should primarily be borne by shareholders and creditors;
Amendment 279 #
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; takes note of the on-going discussion of risk-sharing mechanisms such as CMDI and EDIS; calls for an elxement of the BU for EU citizens; considers that the EDIS would provide an additional safeguard to host Member States and could therefore contribute to addressing home/host issuesption for banks that already have a well-established institutional protection scheme;
Amendment 280 #
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 host Member States and could therefore contribute to addressing home/host issuecognises that with the transposition of Directive 2014/49/EU in the Member States, protection for depositors in the EU has been improved and harmonised and an equivalent level of protection of EUR 100 000 implemented; recalls that a further shift away from the proportionality principle fuels mistrust among EU citizens in the BU and the protection of their deposits;
Amendment 281 #
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; recall; considers that bothe EDIS is the most tangible element of the BU for EU citizens; considers that the EDIS wand CMDI could provide an additional safeguard to host Member States and could therefore contribute to addressing home/host issues;
Amendment 291 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Acknowledges the progress made regarding the reduction of risks in the banking sector; calls for a risk sharing mechanism, while continuing the risk reduction trend;stresses that reducing risk to a similarly low level is a prerequisite for risk-sharing.
Amendment 292 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Acknowledges the progress made regarding the reduction of risks in the banking sector; calls for a risk sharing mechanism, while continuing the risk reduction trendfair and incentive-compatible risk sharing mechanism as soon as the risk level in all EU countries is comparable;
Amendment 297 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
Amendment 299 #
Motion for a resolution
Paragraph 24 b (new)
Paragraph 24 b (new)
24 b. Recognises risk reduction as a precondition for the establishment of risk- sharing mechanisms such as EDIS;
Amendment 302 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Points out that any EDISuropean deposit insurance should take into account clear rules for the participation of non- euro-area Member States;
Amendment 307 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. WelcomAcknowledges the statement by the negotiation team announcingcalling for the reopening of discussions on the EDIS at Parliamentwhile respecting the Council's decision to work on CMDI; calls for the co-legislators to reach an agreement on the file before the end of the legislative period;