23 Amendments of Hans-Peter MARTIN related to 2013/2021(INI)
Amendment 44 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
D a. whereas banks should not be sovereign over public interest;
Amendment 54 #
Motion for a resolution
Recital F
Recital F
F. whereas research by the Bank of International Settlements (BIS) suggests that once bank assets markedly exceed a country’s GDP, – as is the case in over 80% of EU 27 states – its financial sector has a negative impact on economic growth, aswith the result that human and financial resources are drained from other areas of economic activity6;
Amendment 93 #
Motion for a resolution
Recital I a (new)
Recital I a (new)
Ia. whereas banks should never be so big anymore that their failure causes systemic risks for the entire economy and therefore requiring the government and tax payers to rescue them, thus bringing the too-big- to-fail problem to an end;
Amendment 94 #
Motion for a resolution
Recital I a (new)
Recital I a (new)
Ia. whereas banks must no longer reach such a size – even in one single Member State – that they constitute a systemic risk in a nation state with taxpayers having to bear the cost of losses;
Amendment 97 #
Motion for a resolution
Recital J
Recital J
J. whereas the EU banking sector remains highly concentrated: the total assets of the banking sector in the EU amount to EUR 43 trillion, which represents 349% of EU-27 GDP. 14 European banking groups are global systemically important financial institutions (SIFIs), and 15 European banks ownalone own EUR 20 000 billion in assets, which corresponds to 43 % of the market (in terms of asset size) and. They thus represent 150 % of EU-27 GDP, with individual Member States citing even higher ratios of up to 800% of GDP; whereas the ratio of bank size to GDP has tripled since 2000;
Amendment 131 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Takes the view that while current proposals for reforms of EU banking sector rules (including the Capital Requirements Directive and Regulation, the Recovery and Resolution Directive, the Single Supervisory Mechanism, the Deposit Guarantee Schemes Directive and shadow banking initiatives) are vital, but that a more fundamental reform of the banking structure is also essential, and complementary to the other proposals;
Amendment 153 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Insists that the Commission’s impact assessment include a thorough assessment of the cost to both public finances and financial stability of the failure of an EU- based bank during the current crisis, together with information on the nature of the EU’s current universal banking model, including the size and balance sheets of the retail and investment activities of all universal banks operating in the EU, broken down by individual bank and country;(does not affect the English version)
Amendment 160 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Reminds the Commission of the warning issued by the European Banking Authority and the European Central Bank (ECB) that financial innovation can undermine the objectives of structural reforms, and insists that structural reforms be subject to periodic review7reviews at least every two years;
Amendment 197 #
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 and moderate remuneration system, allow effective bank resolution and recovery, reinforce bank capital and deliver credit to the real economy;
Amendment 236 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. urges the Commission to include into their proposal a cap on bank leverage, a cap on size as well as an implementation of a rigorous bail-in regime that will see all creditors bear the risk of absorbing banks' losses;
Amendment 249 #
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 and credible ‘ring fence’ around 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 fence must ensure that the retail entity continues business unaffected by operational problems, financial losses, funding shortages or reputational damage resulting from the resolution or insolvency of the investment entity, the 'ring fence' must be part of a technicality that protects EU tax payers from bailing out both retail and investment entities;
Amendment 261 #
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 and credible ‘ring fence’ around 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 fence must ensure that the retail entity continues business unaffected by operational problems, financial losses, financial losses to customers and consumers, funding shortages or reputational damage resulting from the resolution or insolvency of the investment entity;
Amendment 307 #
Motion for a resolution
Paragraph 12 – point a
Paragraph 12 – point a
(a) separate legal entities, with separate sources of funding for the bank's retail and investment entities, as well as separate management and accounting departments;
Amendment 363 #
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 a minimum of 100,000 Euro of their private funds, to protect the essential services of the ring-fenced arm from the risk of disorderly failure and to prioritise paying out depositors in a timely fashwithin 90 days after the bank's resolution;
Amendment 369 #
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-fenced arm from the risk of disorderly failure and to prioritise paying out depositors in a timely fashionwithin 90 days;
Amendment 384 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Urges the Commission to ensure that adequate differentiation exists in terms of capital, leverage and liquidity requirements between the investment and retail entities, with an emphasis on higher capital requirements and higher capital buffers for the investment entity;
Amendment 397 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Calls on the Commission to implement the proposals set out in the HLEG's report in the area of corporate governance of separated banks, including a) governance and control mechanisms, b) risk management, c) incentive schemes, d) risk disclosure and, e) sanctions and additionally a reimbursement scheme for depositors;
Amendment 429 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Urges the Commission to ensure that remuneration systems prioritise the use of instruments such as bonds subject to bail- in, and shares, rather than cash, commissions or value-based items;
Amendment 445 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Urges the Commission to make provision for national supervisors, in cooperation with the EU authorities, to have the power to implement full and legal separation of banks;
Amendment 454 #
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 serves consumers and funds the real economy by reducing the cost of banking services and that this requires the dominance of excessively large institutions to be reduced;
Amendment 471 #
Motion for a resolution
Paragraph 30
Paragraph 30
30. Urges the Member States to ensure that their national supervisors have the clear objective of promoting effective competition in their banking sectors as well as having the legal basis for implementing a separation of the banking system;
Amendment 473 #
Motion for a resolution
Paragraph 30
Paragraph 30
30. Urges the Member States to ensure that their national supervisors, in cooperation with EU authorities, have the clear objective of promoting effective competition in their banking sectors;
Amendment 484 #
Motion for a resolution
Paragraph 32
Paragraph 32
32. Calls on the Commission to bring forward the necessary structural reforms outlined in this report, which, whil and at the same time maintaining the integrity of the internal market, respect the diversity of national banking systems and ensure Member States’ ability to reinforce them where appropriate;