19 Amendments of Ivars IJABS related to 2023/2078(INI)
Amendment 36 #
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 and results in reduced services and offers and often increased costs for EU citizens; whereas the profitability gap between EU and US banks has widened;
Amendment 37 #
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; during the last decade and EU banks’ return on equity is 5 points lower than US banks’;1a _________________ 1a https://www.ecb.europa.eu/pub/pdf/scpops /ecb.op327~0d50b9136f.en.pdf
Amendment 39 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
E a. whereas a fully developed Banking Union would boost the competitiveness of the banking sector, promote cross-border mergers and increase its stability; whereas the completion of the Banking Union would improve consumer choice and facilitate a broader access to credit;
Amendment 43 #
Motion for a resolution
Recital E b (new)
Recital E b (new)
E b. whereas the EU largely remains a bank-based economy and the completion of the Capital Markets Union is key to diversify access to finance by households, companies and SMEs;
Amendment 47 #
Motion for a resolution
Recital F
Recital F
F. whereas a strong banking sector is key for delivering economic growth, financing small and medium-sized enterprises (SMEs) and start-ups and the urgent transition to a green and digital economy;
Amendment 48 #
Motion for a resolution
Recital G
Recital G
G. whereas the non-performing loan (NPL) ratio slightly decreased to 2.24% in the first quarter of 2023 de, and has steadily declined since the end of the Great Recession (in spite of the pandemic and the Russian aggression againstinvasion of Ukraine);
Amendment 85 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Calls on institutECB Banking Supervisions to assist the remaining EU banks operating in Russia in preparing an orderly exit from the Russian market;
Amendment 98 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Warns that recent increases in the short-term profitability of EU banks are not enough to ensure their long-term competitiveness; highlights that fragmentation limits banks’ ability to undertake strategic investments, to deliver efficiency gains that will improve the value for money for all their customers, and to foster the development of European capital markets;
Amendment 99 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Warns that recent increases in the profitability of EU banks (annualised return on equity is up to 9.56% in the first quarter of 2023, while in the same period of 2022 it was 7.68%) are not enough to ensure their competitiveness; highlights that fragmentation limits banks’ ability to undertake strategic investments;
Amendment 107 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Calls for consolidation in the EU to be promoted by removing incentives for risk fencing and regulatory impediments to cross-border mergers; highlights that consolidation would increase the profitability of the EU banking sector and financial stability by allowing diversification ;
Amendment 109 #
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 would increase the profitability of the EU banking sector and financial stability while improving the current situation of reduced services offered and increased costs for citizens in many Member States, notes at the same time that he current level playing field imbalance between EU and third country banks present in the EU would be reduced ;
Amendment 117 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Calls on banks to take their commitments to the EU Green Deal and the EU Climate law seriously and to reduce their exposure to fossil fuels; underlines the importance of the EBA reports on the crucial issues of the riskiness of institutions’ exposures to ESG assets and the potential effects of an adjusted prudential treatment of these exposures, to be published by the end of 2024 and 2025;
Amendment 127 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that the Common Equity Tier 1 ratio increased in the first quarter of 2023, but regrets that the liquidity coverage ratio fell; to 15.53% (up from 14.99% in the first quarter of 2022); regrets that the liquidity coverage ratio fell to 161.27% in the first quarter of 2023 (down from 167.9% in the first quarter of 2022);
Amendment 139 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Highlights that the limited impact in the European Union of the recent failure of midsized US banks proves the resilience of the EU banking sector; stresses the importance of clear, precise, crisis management plans, and the need for greater harmonisation and a level playing field for the application of crisis management rules between Member States, calls for this element to be at the forefront of the current reform; underlines that EU 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 155 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Welcomes the agreement reached at interinstitutional level to implement Basel III standards in the EU; highlightunderlines that the framework will not increasedeliver differing levels of prudential requirements for banks or damage their competitivenes increases depending on banks’ structures and business models; recalls that these new rules will continue to increase financial stability in the European Union and underlines the importance of a level playing field between jurisdictions; notes that the implementation of the Basel standards tofor crypto-assets is still pending and awaits the Commission’s legislative proposal by 30 June 2025 to introduce a dedicated prudential treatment for exposures to crypto assets, taking into account the Basel standards;
Amendment 167 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Highlights the importance of combining further integration with credibladequate safeguards addressing the home- host issue in a proportionate manner;
Amendment 178 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. UnderlinesWarns of the importance of protecting creditor hierarchy in banking resolution; welcomes the joint and insolvency procedures; welcomes the statement by the ECB banking supervision, SRB and EBA statement regarding the full use ofunderlining that in the EU common equity instruments beforeshall absorb losses and Additional Tier 1 capital isould only be written down if the former have been fully used;
Amendment 188 #
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 limited, the mitigation of any measures which could create excessive moral hazard, balance between flexibility and constraints when using the industry funded safety nets, harmonisation of crisis management procedures to deliver predictability and a level playing field;
Amendment 196 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Highlights the role of the SRB and industry-funded safety nets in protecting taxpayers from paying for bailouts; calls for the introduction of a backstop consisting of a credit line from the European Stability Mechanism; believes that contributions to industry-funded safety nets must always be calculated in proportion to the risk that the institution represents;