8 Amendments of Peter SIMON related to 2015/2106(INI)
Amendment 19 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas the situation in the banking and insurance sector and on the financial markets is marked by continuous change and innovation, which means that the regulations governing these sectors have to undergo permanent evaluation with a view to ensuring proportionality and effectiveness and an equally continuous adaptation of the regulations;
Amendment 200 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Notes the achievements in establishing a banking union; stresses that the next step has to be its full implementation, including full capitalisation of, and securing the effectiveness of, national Deposit Guarantee Schemes (DGS) and the Single Resolution Fund (SRF); emphasises the aim of avoiding moral hazard and ensuring that risk-takers bear the costs when their risks materialise;
Amendment 210 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Stresses the elementary importance of cutting direct reciprocal links between state budgets and bank risks, which represent a major threat to financial stability; stresses that the rapid transposition of Directive 2014/59/EU into national law and the adquate funding and effectiveness of the Single Resolution Mechanism must be paramount; insists that the full implementation of these measures must be completed within the proper legislative framework;
Amendment 212 #
Motion for a resolution
Paragraph 15 b (new)
Paragraph 15 b (new)
15b. Notes that, owing to the lack of rules for dealing with states that lose access to the financial markets through severe indebtedness, action is often taken too late, which may adversely affect financial stability; calls therefore for regulations on the early recognition of risks to the sustainability of sovereign debt and the mandatory drawing up of plans for the preventive restructuring of sovereign debt;
Amendment 250 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Underlines the necessity of adequate safeguards, especially for households, to ensure full awareness of the advantages and disadvantages of capital market investments; stresses the importance of expanding accessibility to financial education aiming at improving investors’ trust in capital markets, in particular retail investors; also underlines that financial education should be targeted towards SMEs, teaching them how to use capital markets;
Amendment 337 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Welcomes the objectives of the better regulation agenda; underlines the role of REFIT in achieving an efficient and effective financial services regulation that takes due account of the proportionality principle;
Amendment 373 #
Motion for a resolution
Paragraph 37
Paragraph 37
37. Reminds the ESAs that technical standards, guidelines and recommendations are bound by the principle of proportionality; calls on the ESAs to adopt a restrictive approach to the extent and number of guidelines, particularly where they are not explicitly empowered in the basic act; notes that such a restrictive approach is also required in view of the ESAs’ limited resources and the need to prioritise their tasks;
Amendment 374 #
Motion for a resolution
Paragraph 37 a (new)
Paragraph 37 a (new)
37a. Points out nevertheless that adequate financial and human resources must be permanently secured for the ESAs to enable them to carry out reliable, independent and effective supervision in performance of their mandate;