9 Amendments of Eero HEINÄLUOMA related to 2019/2130(INI)
Amendment 42 #
Motion for a resolution
Recital D
Recital D
D. whereas the development of the Single Resolution Mechanism (SRM) whas efficientbeen successful but there is still work to do to ensure efficient application of the regulation;
Amendment 47 #
Motion for a resolution
Recital D b (new)
Recital D b (new)
D b. whereas recent large-scale money laundering scandals involving financial institutions in the EU demonstrate that prudential and anti-money laundering supervision cannot be treated separately and that a proper system of supervision and enforcement of EU legislation is lacking;
Amendment 89 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Notes that bank profitability has increased steadily since 2012, with return on equity surpassing 6 % since 2017; unotes however that this still falls short of their cost of capital, which is estimated at around 8-10% for most banks, as underlined by the ECB and that Euro- area banks’ ROE also remains below that of some of their international peers, for instance US and Nordic banks. Underlines that the low risk and low interest rate environment has resulted in lower costs for provisions and losses; recalls the need to continuously evaluate the levels of financing to the economy and particularly to SMEs;
Amendment 101 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Underlines the crucial role of the banking sector in channelling funding into sustainable investments and enabling the transition to a climate-neutral economy, while not endangering financial stability; underlines in this respect the importance of an adequate disclosure and risk assessment;
Amendment 118 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Restates the importance of a safe asset in the euro area as a way to help stabilise financial markets and allow banks to reduce the exposure of their balance sheets to national sovereign debt; calls on the Commission to submit a legislative proposal for the creation of a true European safe asset and at the same time to look into a reform of measures related to the risk weight of sovereign debt exposures;
Amendment 156 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that the ratio of non- performing loans (NPLs) held by significant institutions has fallen by more than half from the start of ECB banking supervision, in November 2014, to June 2019; unotes that the ratio of NPL in certain Ms still remains high. Underlines the need to protect customers’ rights in the context of NPL transactions;
Amendment 201 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the agreement on the exchange of information between the ECB and the AML/CFT supervisors; recalls its serious concern about regulatory and supervisory fragmentation in the AML/CFT area, which is ill-suited to supervise the increasing cross-border activity in the EU; welcomes, in this regard, the Council Conclusions of 5 December 2019, which give a mandate to the Commission to explore ways of ensuring better cooperation between authorities and conferring AML tasks to a Union body, and to turn certain parts of the Anti-money Laundering Directive into a Regulation, to ensure a single rulebook; calls on the Commission to start working on the overhaul of the EU AML framework and legislation to effectively address the risks posed by cross-border illegal activity to the integrity of the EU financial system and the security of EU citizens;
Amendment 204 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the agreement on the exchange of information between the ECB and the AML/CFT supervisors; recalls its serious concern about regulatory and supervisory fragmentation in the AML/CFT area, which is ill-suited to supervise the increasing cross-border activity in the EU; calls on the Commission to start working asap on the overhaul of the EU AML framework and legislation to effectively address the risks posed by cross-border illegal activity to the integrity of the EU financial system and the security of EU citizens by turning the existing AML directives into regulations and by delegating more AML supervisory powers towards the EU level;
Amendment 226 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Welcomes the fact that the Single Resolution Board has not been required to take resolution action in 2019; urges the Commission to review whether the legislation is adequate to ensure that all banks could, if needed, be resolved without the need for taxpayers’ money; invites the Single Resolution Board to apply the legislation to all cases threatening financial stability; invites the Commission to follow up on the Financial Stability Board review of the ‘too big to fail’ legislation and consider if legislation to separate deposit-taking and investment banking should once again be considered; invites the Commission to revisit the Banking Communication of 2013 to take into account the developments after the post-crisis times and to ensure consistency with the crisis management framework; stresses the importance of further build- up of bail-inable own funds and debt in the banks’ balance sheets;