2 Amendments of Peter SIMON related to 2016/2247(INI)
Amendment 378 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. Stresses that the establishment of an EDIS must improve financial stability and depositor confidence across the eurozone; steps must also be taken to ensure that under the EDIS no participating DGS has a lower level of protection for its covered deposits than would be the case under Directive 2014/49/EU; furthermore, Member States must retain the financial leeway to take alternative and institution-protecting measures at national level;
Amendment 389 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Emphasises that an EDIS should not have a purely paybox function; an EDIS should instead make it possible for funds available for alternative measures to be used to avert compensation cases and the costs involved in repaying depositors or potential risks to financial stability and to finance those measures accordingly; stresses that these measures must be introduced within a clearly defined legal framework and that the participating DGS must be equipped with the appropriate structures and competences so that the measures can be planned and implemented effectively and potential risks recognised;