15 Amendments of Neena GILL related to 2015/2106(INI)
Amendment 59 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Is concerned aboutNotes the increased complexity, reflected in the greater amount, detail and number of layers of regulation and supervision with requirements at international, European and national level;
Amendment 98 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Underlines the need to take stock of the financial services framework; notes that similar exercises are being undertaken in other jurisdictions, notably in the US; stresses in this perspective that legislative initiatives taken under the CMU are in line with initiatives taken in other jurisdictions;
Amendment 117 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Believes that consumer protection does not necessarily entail large volumes of information; is concerned that the multiplicity of customer information might not ultimately serve real customer needs; points to the necessity of a European initiative for more and better financial education at the latest by the end of 2016;
Amendment 142 #
Motion for a resolution
Paragraph 10
Paragraph 10
Amendment 187 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Underlines the potential of innovative market based funding; highlights especially the opportunities of financial technologies in matching projects and businesses with small scale investors and capital markets, including crowdfunding and peer-to-peer loans; asks the Commission to give breathing space for the emergence of these new models and limit its role to exploring and promoting these alternatives, giving priority to its cross border dimension;
Amendment 237 #
Motion for a resolution
Paragraph 17 c (new)
Paragraph 17 c (new)
17c. Welcomes the upcoming review of the Prospectus Directive; stresses that the review should be geared towards reducing costs and simplifying procedures to SMEs whilst striking the right balance with investor protection;
Amendment 243 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Recognises the efforts made to establish a more transparent securitisation market; stresses the need to set up of a data repository which would register each securitisation’s participants while also tracking aggregate exposures and flows between market participants; invites the Commission to propose an appropriate prudential treatment of simple and standard securitisations enabling to attract long term investors without putting the financial system at risk; does not believe there is a need to revitalise synthetic securitisation given the risks and the problems in the past; emphasises that stringent requirements for underlying high- quality assets and calibrations according to the actual risk profile are necessary, bearing in mind the riskiness of securitisation as shown during the crisis; calls on the Commission to conduct a thorough assessment of the benefits of securitisation for SMEs and the marketability of securitisation instruments as a matter of priority, and to report to Parliament;
Amendment 256 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Underlines the need to streamline the content and frequency of reporting requirements, also by providing entities with one point of contact, in order to avoid any duplication of requirements and reporting channels; calls on the Commission, ESAs and SSM to examine which data are actually needed, to align templates and to provide for simplifications and, for SMEs, exemptions;
Amendment 269 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Stresses that efforts for a cultural change in the financial sector have to be pursued further in particular by tackling excessive risk taking and excessive remuneration; acknowledges the benefits of relationship banking for consumers and SMEs;
Amendment 301 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. PoUnderlintes to the importance ofhat equivalence decisions are needed today in addressing obstacles regarding market access and the respective regulatory frameworks, bearing in mind that such unilateral decisions must benefit European businesses and consumers; notes however that such equivalence decisions should be adopted faster in a consistent and coherent framework and underlines the need to evolve towards a system of more mutual recognition of each other’s legislation;
Amendment 315 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Believes that better financial regulation starts with Member States applying the current acquis; considers that gold-plating does not facilitate the functioning of the internal market and only increases the fragmentation; asks the Commission to come up by end of 2016 to the Parliament with a thorough analysis report of all gold plating measures taken by Member States in field of financial legislation;
Amendment 379 #
Motion for a resolution
Paragraph 40
Paragraph 40
40. Calls on the Commission and ESAs to conduct regular (at least annual) coherence and consistency checks on the implementation of adopted legislation, also on a cross-sectoral basis and on every draft legislative act, and to dedicate resources to this activity;
Amendment 386 #
Motion for a resolution
Paragraph 41
Paragraph 41
41. Calls on the Commission and ESAs to conduct regular (at least annual) proportionality checks, particularly with regard to the requirements applicable for small and medium-sized market participants and on every draft legislative act, and to dedicate resources to this activity;
Amendment 416 #
Motion for a resolution
Paragraph 43 – indent 3
Paragraph 43 – indent 3
– the actual and expected economic effects, as well as the competitiveness of the European financial sector in the world,
Amendment 418 #
Motion for a resolution
Paragraph 43 – indent 4
Paragraph 43 – indent 4
– the possibilities to benefit the real economy, and to benefit the job market,