14 Amendments of Antolín SÁNCHEZ PRESEDO related to 2013/2021(INI)
Amendment 179 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Considers that the core principle of banking reform must be to deliver a safe, stable and efficient banking system that serves the needs of the real economy, customers and consumers; takes the view that structural reform must stimulate economic growth by supporting the provision of sustainable credit to the economy, in particular to SMEs and start- ups, provide greater resilience against potential financial crises, restore trust and confidence in banks and remove risks to public finances;
Amendment 201 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Considers that an effective banking system must deliver a change in banking culture in order to reduce complexity, enhance competition, limit interconnectedness between risky and commercial activities, improve corporate governance, create a responsible remuneration system, allow effective bank resolution and recovery, reinforce bank capital and deliver sustainable credit to the real economy;
Amendment 251 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Urges the Commission to come forward with a proposal for such mandatory separation through the establishment of a thorough, transparent, complete and credible ‘ring fence’ aroundmeasures insulating and protecting bank activities that are vital for the real economy, such as those relating to credit functions, payment systems and deposits; takes the view that in the event of a bank failure, the ring fencemeasures must ensure that the retail entity continues independent business unaffected by operational problems, financial losses, funding shortages or reputational damage resulting from the resolution or insolvency of the investment entity;
Amendment 272 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Urges the Commission to ensure that trading activities do not benefit from implicit guarantees, the use of insuredretail deposits or taxpayer bailouts and that these activities do not pose a risk to the delivery of ring-fencsulated and protected retail services;
Amendment 317 #
Motion for a resolution
Paragraph 12 – point b
Paragraph 12 – point b
(b) limits on the extent to which the two entities are reliant on each other for funding and/or resources; in particular, there should be no legal basis for shifting capital and liquidity from ring-fencedetail entities to other non retail entities in the group;
Amendment 327 #
Motion for a resolution
Paragraph 12 – point d
Paragraph 12 – point d
(d) net and gross large exposure limits for intra-group transactions between ring- fenced and non-ring-fencedsulated and protected activities and the rest of activities, which are at least as strict as those for third-party exposure, including strict limits on the exposure of ring-fencedthe former activities to the investment entity's riskier activities;
Amendment 345 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Urges the Commission to take into account the ECB's proposal in order to establish clear, complete and enforceable criteria for separation8 ;
Amendment 371 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Urges the Commission to ensure that the retail entity has sufficient capital and liquid assets to enable it, in the event of the bank's failure, to maintain depositors' access to funds, to protect the essential services of the ring-fencedseparated retail arm from the risk of disorderly failure and to prioritise paying out depositors in a timely fashion;
Amendment 422 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Urges the Commission to continue the reform of banks' compensation and remuneration culture by prioritising long- term incentives for variable remuneration with larger deferral periods up to retirement as well as to promote transparency including at least explanations and assessments on internal remuneration spreads, relevant changes and comparative sectorial deviations;
Amendment 430 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Urges the Commission to ensure that remuneration systems prioritise the use of instruments such as shares and bonds subject to bail- in, and shares, rather than cash;
Amendment 435 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Urges the Commission to ensure that compensation and remuneration systems at all levels of a bank reflect its overall performance and are focused on quality customer service, social-economic and environmental impact and long-term financial stability rather than short-term profits;
Amendment 446 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Urges the Commission to make provision for nationalcompetent supervisors to have the power to implement full and legal separation of banks;
Amendment 455 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Stresses that effective competition is necessary in order to ensure a well- functioning and efficient banking sector which funds the real economy by ensuring universal access to banking services and reducing the cost of banking services;
Amendment 476 #
Motion for a resolution
Paragraph 31
Paragraph 31
31. Asks the Commission to bring forward measures to facilitate consumer switching between banks, limit excessive market power in card services and assist in improving consumer choice in the banking sector by banning tied practices, reducing the barriers to entry and exit and applying proportionate rules to new entrants to the market;