5 Amendments of Peter SIMON related to 2017/2072(INI)
Amendment 203 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the banking reform package proposed by the Commission in November 2016; underlines the importance of the fast-track procedure for the phasing- in of International Financial Reporting Standard (IFRS) 9 in order to avoid cliff effects on the regulatory capital of credit institutions; supports the efforts made to reduce the reporting burden for smaller banks; is concerned, however, about, although they do not go far enough; takes note of the proposed amendments to the waivers, in Articles 7 and 8 of the CRR, and more generally, about the proposed shift inof the prudential and liquidity requirements, and points out that, in the absence of additional security conditions, there could be a risk of the home-host balance; shifting.
Amendment 207 #
Motion for a resolution
Paragraph 6 – subparagraph 1 (new)
Paragraph 6 – subparagraph 1 (new)
points out that institutions are required, under the rules on supervision, to make numerous similar reports, in various formats, to a range of authorities and that this represents a substantial additional burden; calls, therefore, for the introduction of a uniform reporting system, whereby the questions from all the authorities responsible for supervision would be collated by a central contact point which would forward them to the institutions under supervision and would then transmit the data collected to the competent authorities; emphasises that this could be a means of preventing duplicated questions and requests for identical data, thus considerably reducing the administrative burden on the banks and competent authorities, and that it would also make for more efficient supervision;
Amendment 208 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Stresses the importance of having a level playing field in terms of supervision rules; emphasises, however, that that will not be not achieved by making all institutions subject to the same rules because smaller institutions face proportionately higher compliance costs than larger ones; stresses, therefore, the urgent need for further efforts to make banking supervision arrangements more proportionate for small, low-risk institutions; emphasises that improving proportionality by no means implies lowering supervisory standards, it simply means the administrative burden, in terms of compliance and disclosure requirements, for example, will be considerably lessened;
Amendment 214 #
Motion for a resolution
Paragraph 6 b (new)
Paragraph 6 b (new)
6b. Points out that the leverage ratios of European banks of global systemic importance are already well above the 3% proposed by the Commission; recommends therefore that a higher leverage ratio be set for global systemically important banks because such banks are particularly vulnerable to excessive leverage and represent a particular risk in terms of financial stability;
Amendment 376 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Notes the potential benefits and the likely risks related to the introduction of an EDISuropean deposit reinsurance scheme; considers, therefore, risk reduction measures and a fiscal backstop provided by the European Stability Mechanism to be essential building blocks laying the foundations for an EDIS; uropean deposit reinsurance scheme;