Activities of Thierry CORNILLET related to 2017/2072(INI)
Plenary speeches (1)
Banking Union - Annual Report 2017 (debate) FR
Shadow reports (1)
REPORT on Banking Union – Annual Report 2017 PDF (410 KB) DOC (71 KB)
Amendments (18)
Amendment 87 #
Motion for a resolution
Subheading –1 (new)
Subheading –1 (new)
Introduction
Amendment 88 #
Motion for a resolution
Paragraph –1 (new)
Paragraph –1 (new)
-1. Considers that, even though improvements are desirable notably in terms of communication and transparency, the Banking Union remains a very positive and fundamental change for the Member States having the euro;encourages all Member States that have not yet adopted the euro to take all necessary steps to do so, or to join the BU, in order to progressively align the BU with the entire internal market; Or. en ((This paragraph should go under the new heading "Introduction"))
Amendment 89 #
Motion for a resolution
Paragraph –1 a (new)
Paragraph –1 a (new)
Amendment 90 #
Motion for a resolution
Paragraph –1 b (new)
Paragraph –1 b (new)
Amendment 139 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Reiterates its concerns about the high level of non-performing loans (NPLs) in certain jurisdictions; agrees with the Commission that ‘Member States and banks themselves have a primary responsibility in tackling the legacy of non-performing loans’4 ; welcomes, nonetheless, the work done by different EU institutions and bodies on this issue; calls on these actors and the Member States to duly implement the Council conclusions of 11 July 2017 on the action plan to tackle non-performing loans in Europe; recalls the necessity for the Commission and Member States to improve and harmonise where necessary the insolvency framework; _________________ 4 Commission communication on completing the Banking Union, 11 October 2017, p. 15 (COM(2017)0592).
Amendment 199 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the banking reform package proposed by the Commission in November 2016; underlines the importance of the fast-track procedure for the phasing- in of International Financial Reporting Standard (IFRS) 9 in order to avoid cliff effects on the regulatory capital of credit institutions; supports the efforts made to reduce the reporting burden for smaller banks; is concerned, however, about the proposed amendments to the waivers in Articles 7 and 8 of the CRR, and more generally, about the proposed shift in the home-host balance; and to safeguard an appropriate level of supervision; welcomes the steps proposed by the Commission to foster integration and remove obstacles to cross- border consolidation in the EU banking sector, desirable to address the challenge of low-profitability and to increase resilience through diversification of type of assets and location of these assets;
Amendment 221 #
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 232 #
Motion for a resolution
Paragraph 10
Paragraph 10
Amendment 239 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Underlines that the safety and soundness of a bank cannot be captured by a point-in-time assessment of its balance sheet alone, as they are ensured through dynamic interactions between the bank and the markets, and affected by various elements in the entire economy; underlines, therefore, that a sound framework for financial stability and growth should be comprehensive and balanced so as to cover dynamic supervisory practices and not focus merely on static regulation with mainly quantitative aspects;
Amendment 246 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10b. Stresses that managing cyber security is first and foremost banks’ own responsibility; recognises the SSM work to address cyber security through various angles; calls however on the SSM to increase its efforts and to make it formally one of its high-level priorities;
Amendment 263 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Is concerned about the high number ofTakes note of the legal applications lodged before the General Court of the EU in relation to the Banco Popular Español S.A. case; asks the Commission to assess whether this could endanger the effectivenessmonitor the impact ofn the new resolution regime; calls on the SRB and the Commission to provide more transparency in future resolution decisions in order to enable stakeholders to better understand ex ante the resolution regime;
Amendment 274 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that, while the concern about the mismatch between state aid rules and Union legislation as expressed in the previous report5 related to the ability of deposit guarantee schemes (DGSs) to participate in resolution as provided for in the BRRD and DGSD, the 2017 banking cases brought to light other areas of mismatch, in particular the possibility for Member States to avoid being subject to the discipline of the BRRD by paying ‘liquidation aid’raise question in terms of transparency and communication; considers that any public support, as provided by BRRD, should be conditional to the implementation of remedial actions at the Member States level or bank specific; _________________ 5 European Parliament, Resolution of 15 February 2017 on ‘Banking Union – Annual Report 2016’, paragraph 38.
Amendment 302 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the progress made iagreement on further harmonising the priority ranking of unsecured debt instruments through the Commission’s proposal of November 2016; calls for rapid implementation by Member States so that banks can issue debt in the new insolvency class and thereby build up the required buffers;
Amendment 314 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for progress to be made on the legislative proposals implementing total loss-absorbing capacity (TLAC) in Union law; supports the inclusion of a pre- resolutionneed to harmonize the moratoriuma tools in the BRRD taking into account the global practices;
Amendment 342 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Welcomes the EBA’s decision to publish on an annual basis data received by it in accordance with Article 10(10) of the DGSD; regrets that the data do not allow for a direct comparison of the adequacy of funding between deposit guarantee schemes (DGSs); notes, nonetheless, the need for several DGSs to accelerate the build-up of available financial means in order to achieve the agreed target level of 0.8 % of covered deposits by 3 July 2024;
Amendment 348 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Asks the Commission to shed light on the applications for a target level lower than 0.8 % of covered deposits as received and approved by it in accordance with Article 10(6) of the DGSD; draws attention toof options and national discretions on coverage and pay out procedure, contributions and available means, DGS competence, phase-in, scope and membership, use of means and their implications ofn the availability of such an exception for the potential design of an EDISinternal market as well as on the third pillar of the Banking Union;
Amendment 357 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Recalls that deposit protection is a common concern for all EU citizens and therefore recalls that the Banking Union is open to all Member States; is currently debating the proposal on an EDIS at committee level; notes, in this respect, the Commission’s more proportionate ‘new approach’ to an EDIS as put forward in its communication of 11 October 2017;
Amendment 377 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Notes the potential benefits and the likely risks related to the introduction of an EDISat whatever the final design of the third pillar it can only be beneficial if it allows a uniform level of safety to be reached for depositors across the Banking Union through a reduction of overall and local risks; considers, therefore,at risk reduction measures to be essential building blocks laying the foundations for an EDISare per se beneficial for the EU;