5 Amendments of Heide RÜHLE related to 2008/0199(COD)
Amendment 12 #
Proposal for a directive – amending act
Recital 2 a (new)
Recital 2 a (new)
(2a) While the Directive 94/19/EC currently allows considerable scope for Member States to develop systems which are best suited to their market conditions, differences between the guarantee levels afforded to depositors across the Member States create difficulties under crisis conditions, inter alia because they cause competitive distortions and destabilising effects as regards the need to ensure a high level of financial stability within the European Union.
Amendment 13 #
Proposal for a directive – amending act
Recital 2 b (new)
Recital 2 b (new)
(2b) In the event of a cross-border EU banking crisis, full harmonisation at EU level as regards coverage level is required in order to avoid depositors facing different levels of protection. Such harmonisation would also avoid competitive distortions between banks, while maintaining depositor confidence.
Amendment 22 #
Proposal for a directive – amending act
Recital 6
Recital 6
(6) The possibility of discretionary exclusions of certain categories of depositors set out in Annex I to Directive 94/19/EC has led to a variety of categories of beneficiaries that have to be identified during the payout procedure. This has proven to be difficult for the enforcement of arrangements between home and host country schemes (topping up) and to delay payout and should therefore be discontinued. In addition most of the exclusions currently provided for concern public entities and financial institutions. An increased protection should, however, benefit depositors who as a matter of principle do not dispose of a lot of financial expertise. Therefore protection should be limited to retail depositors, whilst maintaining the option for Member States to extend that protection to other categories of depositors. Protection should not, however, benefit depositors in the event that their deposits were made in a bank branch located in a tax haven.
Amendment 38 #
Proposal for a directive – amending act
Article 1 – point 3 – subpoint a
Article 1 – point 3 – subpoint a
Directive 94/19/EC
Article 7 – paragraph 1 – subparagraph 2
Article 7 – paragraph 1 – subparagraph 2
By 31 December 2009 at the latest, coverage shall be increased to at least EUR 100 000. In the event of a cross-border EU banking crisis, the coverage level must in any case be fully harmonised at EU level in order to avoid any distortion of competition.
Amendment 40 #
Proposal for a directive – amending act
Article 1 – point 3 – subpoint a
Article 1 – point 3 – subpoint a
Directive 94/19/EC
Article 7 – paragraph 2
Article 7 – paragraph 2
2. Member States may provide that certain deposits, listed in Annex I, be excluded from the guarantee or be granted a lower level of guarantee provided that the payment to all depositors is carried out within the deadline set out to in Article 10(1). In any event, protection should not benefit depositors if their deposits are situated in a bank branch located in a tax haven.