14 Amendments of Jürgen KLUTE related to 2010/2074(INI)
Amendment 43 #
Motion for a resolution
Recital J a (new)
Recital J a (new)
Ja. whereas cooperative and savings banks have come through the crisis largely unscathed and have not therefore created any financial burden on the public purse,
Amendment 55 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Recalls the important specificities of the European banking sector, such as the variety of business models operating under different legal forms and the fact that the corporate sector is predominantly financed through bank lending; stresses the importance of public and cooperative banks for small and medium-sized undertakings and for local authority investments;
Amendment 59 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Urges the Basel Committee to take proper account of such specificities, as well as differences between investment and traditional retail banking services, in the revised Basel II rules and in particular the different type of risk affecting this sector;
Amendment 63 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Asks the Commission to play an active part in the process of reforming the Basel II rules, to promote and safeguard European interests, to coordinate the approaches of the Member States in order to achieve the best outcome for the European economy and to provide Parliament with regular reports on ongoing negotiations and actively involve it in the negotiating processes;
Amendment 66 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Acknowledges on the one hand the particular significance of the European market for the global restructuring of the financial markets and, on the other, the importance of an international level playing field; points out, however, that that aim should not place the European economy and European industry at a competitive disadvantagit is not desirable for Europe to go it alone and urges the Commission to focus on international cooperation as far as possible; concedes nevertheless that a European solution must be given preference over what might prove to be an unfeasible international compromise;
Amendment 71 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Stresses that the full commitment of all parties engaged in the Basel process to a clear and coherent implementation calendar is a precondition for successful reform, ensuring an international level playing field and avoiding regulatory arbitrage; recognises that revision of the Basel II rules is of enormous importance to the European economy; observes nevertheless that the economic and financial crisis has revealed the urgent need for lasting and effective financial sector regulation and points out that, where necessary, more rapid and stricter regulatory provisions must be introduced at EU level in order, for example, to prevent isolated and ill-fated national initiatives;
Amendment 81 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Calls on the Commission to continue to further integrate EU supervision of the banking sector; calls on the Commission to examine objectively the various possibilities of separating commercial and investment banks, so as to facilitate effective supervision of the banking sector, which can only be achieved by reducing the complexity thereof; accordingly advocates the tabling of a proposal for a directive along these lines;
Amendment 86 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Calls for a proper assessment to be made of the impact on the real economy, with a special focus on SME financing; calls on the Basel Committee, in establishing risk assessment criteria under the CRD to be guided also by the social, ethical and ecological sustainability of funded projects and take favourable account of these factors for risk assessment purposes;
Amendment 92 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Calls on the Commission to create incentives fordraw up guidelines requiring the banking sector to manage risk and profit with a view to long- term outcomes and to encourage banks to keep loans on their own books without excessivealso to keep a substantial part of their loans on their own books, only in exceptional circumstances authorising securitisation and to fully consolidatehe entry of some off-balance sheets items like SPVs;
Amendment 174 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Is concerned about the pro-cyclical nature of a fixed bank-specific capital conservation buffer; calls on the Commission and Basel Committee to consider the possibility of introducing market-related capital requirements so as to achieve a counter-cyclical effect under the CRD; calls on the Commission in particular to consider the possibility of moving from individual to consolidated risk assessment;
Amendment 183 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Recognises the benefits of through-the- cycle provisioning (expected loss approach) as a possible measure to reduce pro-cyclicality and encourage recognition of expected credit losses with regard to the business cycle; points that excess liquidity was a major contributory factor with regard to the ensuing financial crisis;
Amendment 216 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Is, however, concerned that a crude LR may penalise local authorities, public corporations and entities providing traditional low-risk banking services (such as corporate financing) or economies where the corporate sector is financed predominantly through lending;
Amendment 241 #
Motion for a resolution
Paragraph 32
Paragraph 32
32. Calls for enhanced standards as regards stress-tests, back-tests and addressing wrong-way risk as well as increased assessments of social and environmental risks of companies that receive bank loans;
Amendment 245 #
Motion for a resolution
Paragraph 33
Paragraph 33
33. Call for very high capital requirements for lending related to food and other commodity derivatives due to the negative social and environmental effects of speculation in commodity derivatives that are often financed through loans; call for different capital treatment for an OTC transaction and a transaction through a central counterparty (CCP) through which all hedging activities should take place, provided that the CCP meets high- –level requirements to be defined in European legislation while taking into account standards agreed at international level, with due regard for the potential costs for the corporate sector of using derivatives to hedge its commercial activities;