17 Amendments of Engin EROGLU related to 2023/2078(INI)
Amendment 14 #
Motion for a resolution
Recital A
Recital A
A. whereas the Banking Union (BU), which currently encompasses the Single Supervisory Mechanism and the Single Resolution Mechanism, needs to be supplemented by the ca coherent Direaction of a Europeanve on Deposit Guarantee Schemes (DGSD) with national deposit insuguaranctee scheme (EDIS)s;
Amendment 22 #
Motion for a resolution
Recital B
Recital B
B. whereas a completdeveloped BU would improve the competitiveness and stability of the banking sector and consumer choice and facilitate access to financing;
Amendment 28 #
Motion for a resolution
Recital C
Recital C
C. whereas EU banks have withstood the impact of Russian aggression; whereas they are key for implementing sanctions against Russia; whereas further coordinationeffective sanctions compliance in all areas is needed to avoid circumvention of sanctions;
Amendment 38 #
Motion for a resolution
Recital E
Recital E
E. whereas fragmentation and the lack of cross-border consolidation of the EU banking sector is affecting its global competitiveness; whereas the profitability gap between EU and US banks has widened; taking into account the heterogeneous structure of the banking markets within the EU; highlights the ambition not to enforce the too big to fail problem;
Amendment 46 #
Motion for a resolution
Recital F
Recital F
F. whereas a strong banking sector is key for delivering economic growth, recovery from recent crises, financing small and medium-sized enterprises (SMEs) and start-ups and the transition to a greensustainable and digital economy;
Amendment 91 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Asks the Commission to retain the completiondevelopment of the BU and the Capital Markets Union as key priorities for its next mandate; highlights that both projects offer households and SMEs access to broader funding, increase financial stability, reduce the impact of economic downturns, fund the transition to a greensustainable and digital economy and unlock the EU’s growth potential;
Amendment 93 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Considers that the doom loop between sovereigns and banks requires not only the completion of the Banking Union, but above all a change in the regulatory treatment of sovereign exposures;
Amendment 106 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Calls for consolidation in the EU to be promoted by removing regulatory impediments to cross-border mergers; highlights that consolidation wcould increase the profitability of the EU banking sector and financial stability; taking into account not to foster the ‘too big to fail’ problem;
Amendment 142 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Highlights that the limited impact of the recent failure of midsized US banks proves the resilience of the EU banking sector; underlines that EU and national supervisors efficiently addressed risks arising from changes in the interest rate landscape; calls on supervisors to continue assessing exposures to further interest rate hikes;
Amendment 147 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Calls for further harmonisation of the EU regulatory framework to the extent necessary, promoting convergence between national authorities and using the supervisory dialogue to assess the evolution of threats to the banking sector;
Amendment 181 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Welcomes the proposal to reform the CMDI framework following calls by Parliament; calls for the scope of resolution to be expanded, clarification of public interest assessments and for the scope of State aid to be limiteArgues that the scope of resolution should be focused on institutions classified as systematically important (G- SIBs and O-SIIs), that a broader expansion of the resolution concept on all institutions contradicts the principle of proportionality and is unnecessary from a financial stability perspective, and that DGS measures are not to beclassified as State aid;
Amendment 198 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Regrets the lack of progress following the calls by MEPs in their statement of 7 December 2022 for negotiations on EDIS to be resumedArgues that a harmonised regulation of deposit insurance fulfils the approach of a completed Banking Union; takes note of the Eurogroup statement of 16 June 2022 on the future of the Banking Union;
Amendment 206 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Welcomes the Commission’s efforts to clarify the scope of depositor protection and increase convergence through a reform of 2014/49/EU on deposit guarantee schemes3 ; warns that the CMDI review cannot be considered a replacement for EDISensuring a high level of protection for all investors and depositors is at the heart of the Banking Union and the Capital Markets Union; _________________ 3 OJ L 173, 12.6.2014, p. 149.
Amendment 210 #
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23 a. Calls on the Commission to present an ambitious and comprehensive revision of the crisis management and deposit guarantee framework; points out that this must take into account the specificities of national banking sectors; inter alia with a view to maintaining a functioning framework for institutional protection schemes to implement preventive measures; points out that the protection of taxpayers' money is one of the main objectives of the resolution framework;
Amendment 215 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Underlines the need for risk-based contributions to EDIS; calls for institutional protection schemes to be taken into account, meaning a differentiation in DGSD context between preventive measures in general and preventive measures done by systems certified according to Article 113(7) CRR; calls for an assessment of bank asset quality; recommends starting with the pooling of liquidity and a gradual build-up of funds;
Amendment 216 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24 a. Notes that banks' risk positions against domestic government debt remain high; reiterates that one of the main objectives of the Banking Union is to break the link between banking and sovereign risks and that this requires, in particular, stronger risk pricing of government bonds in banking regulation;
Amendment 219 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Notes that effective risk reduction is key for EDIS; highlights that the CMDI review provides co-legislators with an opportunity to resume negotiations ona pre-condition for EDIS;