16 Amendments of Jürgen KLUTE related to 2013/2021(INI)
Amendment 2 #
Motion for a resolution
Citation 4 a (new)
Citation 4 a (new)
- having regard to the Directive of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directives 77/91/EEC and 82/891/EC, Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC and 2011/35/EC and Regulation (EU) No 1093/2010
Amendment 4 #
Motion for a resolution
Citation 9
Citation 9
– having regard to the 2012 report of the Organisation for Economic Cooperation and Development (OECD) entitled ‘Implicit Guarantees for Bank Debt: Where Do We Stand?’2 ,and to the 2009 report of the OECD 'The Elephant in the Room: The Need to Deal with What Banks Do'[1]; [1] http://www.oecd.org/daf/fin/financial- markets/44357464.pdf
Amendment 10 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas these state financed bailouts lead to a massive increase of public indebtedness in the EU member states;
Amendment 39 #
Motion for a resolution
Recital D
Recital D
D. whereas the current post-crisis weakness in the structure of EU banks demonstrates the need for reform in order to serve the wider needs of the economyespecially the socially desirable needs and to strengthen growth and employment enhancing investments of small and medium enterprises;
Amendment 57 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas the pure separation of financial institutions to investment- and retail branches does not address the problem concerning SIFIs and the relation between the volume of the Recovery and Resolution Fund on the one hand and the balance of institutions systemically relevant for credit, payment and deposit on the other;
Amendment 113 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the HLEG's analysis and recommendations on banking reform and considers them a sound basis for the first steps initiating reforms;
Amendment 199 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Considers that an effective banking system must deliver a change in banking culture in order to reduce complexity, enhance fair and sustainable competition, limit interconnectedness between riskyinvestment and commercial activities to a minimum, improve corporate governance, create a responsible remuneration system, allow effective bank resolution and recovery, reinforce bank capital and deliver credit to the real economy;
Amendment 302 #
Motion for a resolution
Paragraph 12 – introductory part
Paragraph 12 – introductory part
12. Urges the Commission to ensure that separation at least results in:
Amendment 313 #
Motion for a resolution
Paragraph 12 – point a a (new)
Paragraph 12 – point a a (new)
(aa) rules to ensure that the executive and controlling bodies of these separate entities and their respective members act independently from each other and that members of the legal bodies of one entity cannot be members of the legal bodies of the other entity in the same group
Amendment 385 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Asks the Commission to develop rules limiting the size of groups and separate legal entities as well in the retail as in the commercial sphere. The size of the separated entities and the groups should be measured by the balance sheet and related to the GDP of the home member state and the funding of the to be established Recovery and Resolution Funds to prevent institutions form becoming too big or too interconnected to fail and to ensure that the respective means and measures are sufficient to recover failing institutes
Amendment 391 #
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16b. Asks the Commission to require from banks with a balance sheet total above EUR 200 bn that at least 50% of their balance sheet be dedicated to lending to non financial entities and at least 33% to lending to GDP contributing activities and entities such as SMEs;
Amendment 392 #
Motion for a resolution
Paragraph 16 c (new)
Paragraph 16 c (new)
16c. Asks the Commission to assess the potential effects for lending to SMEs of a limitation of the size of banks by putting a cap on the size of assets that a bank can hold;
Amendment 450 #
Motion for a resolution
Subheading 4
Subheading 4
D. Enhancing fair and sustainable competition
Amendment 453 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Stresses that effective and fair and sustainable competition is necessary in order to ensure a well- functioning and efficient banking sector which funds the real economy by reducing the cost of banking services where inter alia supervisory rules should take into account the risk profile, the regional scope and the business model of the respective institutions;
Amendment 468 #
Motion for a resolution
Paragraph 30
Paragraph 30
30. Urges the Member States to ensure that their national supervisors have the clear objective of promoting effectivfair and sustainable competition in their banking sectors with the aim to efficiently allocate savings into productive investments to the benefit of the society as a whole; encourages the Member States and the Commission to examine options for more stakeholder involvement in the provision of financial services to private persons and to enterprises;
Amendment 477 #
Motion for a resolution
Paragraph 31
Paragraph 31
31. Asks the Commission to bring forward measures to ensure access to basic banking services to all consumers, to facilitate consumer switching between banks and assist in improving consumer choice in the banking sector by reducing the barriers to entry and exit and applying proportionate rules to new entrants to the market;