9 Amendments of Pervenche BERÈS related to 2010/2074(INI)
Amendment 5 #
Motion for a resolution
Recital A
Recital A
A. whereas strong, stable and efficient financial markets and institutions are crucial to meeting the financing needs of the EU’s various economic actors and to boosting growth and employment; whereas the ultimate purpose of the financial system is to provide appropriate instruments for saving and for putting savings to use in the form of investment to promote economic efficiency and the optimisation of long-term financing conditions for investment, pensions and job creation; whereas this function is especially important in a situation where new means of growth are needed, entailing substantial investment in clean technologies; whereas financial development must also be put to use in the cause of fairness by extending access to credit, subject to adequate safeguards, to sections of the population currently cut off from it and thereby handicapped in terms of economic integration; whereas regulatory reform in the financial sector must not be carried out for the sole purpose of ensuring financial stability but must also reflect the aims of sustainable growth and fairness,
Amendment 7 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas the Basel Committee does not make it possible to take account of all stakeholders or the principle of reciprocity,
Amendment 8 #
Motion for a resolution
Recital A b (new)
Recital A b (new)
Ab. whereas the development of systems for the internalisation of banking risks in the spirit of the Basel II agreements has hampered a global approach to these problems, and very inadequate stress tests have exacerbated matters,
Amendment 29 #
Motion for a resolution
Recital G a (new)
Recital G a (new)
Ga. whereas the current pattern of package-by-package negotiation on reform of essential regulations could reintroduce the risks of a short-term inconsistent approach, with financial market players deciding which reforms they will accept while arguing that there is a danger of jeopardising recovery; whereas such an approach will not result in the best possible overall structure for addressing the challenges we face,
Amendment 64 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Considers that, once the Union adopts exacting rules for itself, it must insist that such rules are applied even-handedly to all those involved in its own market places and that externally they result in fair exchange; believes that negotiations informed by the concept of reciprocity must take into account relative market circumstances and especially imbalances between producer and consumer markets; considers that international cooperation must take account of the capacity of various systems properly to oversee institutions based on their territory and to lessen any systematic risk;
Amendment 65 #
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Considers therefore that agreements reached under the auspices of the Basel Committee should come into force in the form of international treaties;
Amendment 90 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Proposes that, following the entry into form of the Lisbon Treaty, all new European legislation on rules for financial sector players and markets should spell out the obligation to respect the letter and spirit of Article 9 of the Treaty, a step that should specifically require banks to consider loan applications in the light of their impact on employment in the EU;
Amendment 100 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Deems it vital that the EU should take into account in the definition of new rules threats to the structural diversity of its financial sector and believes that the European economy needs a sound network of neighbourhood banks;
Amendment 101 #
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13b. Proposes that the Basel Committee, the International Organisation of Securities Commissions (IOSCO), the International Accounting Standards Board (IASB) etc. should be incorporated into a global structure – possibly the IMF – in order to establish proper organisation of the world of finance and to ensure that all stakeholders are involved in drawing up the rules and that there is sufficient capacity for checking that they are implemented;