9 Amendments of Udo BULLMANN related to 2013/0253(COD)
Amendment 89 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) The link between states and the banking sector, which has had devastating effects on the economy throughout the Union during the crisis, should be eliminated in order to reduce the current fragmentation of financial markets. Although the banking union will have a stable foundation only once all three pillars have been established, i.e. once a common European mechanism for deposit guarantee schemes has been set up, the creation of a single resolution mechanism already represents a significant step in that direction.
Amendment 113 #
Proposal for a regulation
Recital 14
Recital 14
(14) Mirroring the scope of the Council Regulation (EU) No …/…, a single resolution mechanism should cover all credit institutions established in the participating Member States. However, within the framework of aIn a banking union liability and supervision should apply at the same level. Banks which are subject to direct supervision at European level should also be resolved at European level. The single resolution mechanism, it should be possible to resolve directly any credit institution of a participating Member State in order to avoid asymmetries within the internal market in the treatment of failing institutions and creditors during a resolution processtherefore cover all credit institutions which are subject to direct supervision by the ECB. To the extent that parent undertakings, investment firms and financial institutions are included in the consolidated supervision by the ECB, they should be included in the scope of the single resolution mechanism. Although the ECB will not supervise those institutions on a solo basis, it will be the only supervisor that will have a global perception of the risk to which a group, and indirectly the individual members, is exposed to. To exclude entities which form part of the consolidated supervision within the scope of the ECB from the scope of the single resolution mechanism would make it impossible to plan for the resolution of banking groups and to adopt a group resolution strategy, and would make any resolution decisions much less effective.
Amendment 234 #
Proposal for a regulation
Article 2 – paragraph 1 – point a
Article 2 – paragraph 1 – point a
(a) credit institutions established in participating Member Statedirectly supervised by the European Central Bank in accordance with Article 6 paragraph 4 of Council Regulation (EU)No[ ] conferring specific tasks on the ECB concerning policies relating to the prudential supervision of credit institutions;
Amendment 273 #
Proposal for a regulation
Article 5 – paragraph 3
Article 5 – paragraph 3
3. Subject to the provisions of this Regulation, as referred to in Art. 2, the national resolution authorities of the participating Member State shall act on the basis of and in conformity with the relevant provisions of national law, as harmonized by Directive [ ].
Amendment 528 #
Proposal for a regulation
Article 16 – paragraph 2 – point b
Article 16 – paragraph 2 – point b
(b) having regard to timing and other relevant circumstances, there is no reasonable prospect that any alternative private sector, including measures taken in the context of deposit or institutional guarantee schemes, or supervisory action (including early intervention measures or the write down or conversion of capital instruments in accordance with Article 14), taken in respect of the entity, or a measure to wind up the institution taken by the national resolution authorities, would prevent its failure within a reasonable timeframe;
Amendment 612 #
Proposal for a regulation
Article 18 – paragraph 2 – point b
Article 18 – paragraph 2 – point b
(b) having regard to timing and other relevant circumstances, there is no reasonable prospect that any action, including alternative private sector, including measures taken in the context of deposit or institutional guarantee schemes, or supervisory action (including early intervention measures), other than the write down or conversion of capital instruments, either singly or in combination with resolution action, would prevent the failure of that entity or group within a reasonable timeframe.
Amendment 924 #
Proposal for a regulation
Article 65 – paragraph 1
Article 65 – paragraph 1
1. In a period no longer than 10 years after the entry into force of this Regulation, the available financial means of the Fund shall reach at least 1.5% of the amount of deposits of all credit institutions authoriscovered inby the participating Member Statesis Regulation which are guaranteed under Directive 94/19/EC.
Amendment 943 #
Proposal for a regulation
Article 66 – paragraph 1 – subparagraph 1
Article 66 – paragraph 1 – subparagraph 1
The individual contribution of each institution shall be raised at least annually and shall be calculated pro-rata to the amount of its liabilities excluding own funds and covered deposits, with respect to the total liabilities, excluding own funds and covered deposits, of all the institutions authorisedsubject to this Regulation as referred to in Article 2 in the territories of the participating Member States.
Amendment 965 #
Proposal for a regulation
Article 67 – paragraph 1
Article 67 – paragraph 1
1. Where the available financial means are not sufficient to cover the losses, costs or other expenses incurred by the use of the Fund, the Board shall raise in accordance with Article 62 extraordinary ex post contributions from the institutions authorisedsubject to this Regulation as referred to in Art. 2 in the territories of participating Member States, in order to cover the additional amounts. These extraordinary contributions shall be allocated between institutions in accordance with the rules set out in Article 66.