9 Amendments of Andrea COZZOLINO related to 2016/2247(INI)
Amendment 42 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas the Banking Union remains incomplete as long as a fiscal backstop mechanism for the Single Resolution Fund and the third pillar of a European Deposit Insurance Scheme are not established;
Amendment 110 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Underlines that the completion of the Banking Union requires further convergence on many fields; in this light, recalls the importance to draw up a Single Rule-book on insolvency and criminal law, coupled with strong convergence on tax issues;
Amendment 135 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Considers that there are risks associated with sovereign debt; notes, however, that modifying its prudential treatment could have a significant effect on the financial sector, which calls for caution in reform efforts; awaits with interest the results of the international work on this issue; considers that, in the end, a better regulatory framework, be it European or international, will be neednotes that also risks stemming from level 3 assets, derivatives and shipping finance need to be reduced;
Amendment 194 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
Amendment 228 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Recalls the need to find, in the exercise of supervision, a balance between the need for proportionality and the need for a consistent approach; considers that, in this light, the SREP process should be more balanced in its focus and should look beyond credit risk, to all material forms of banks' risk, including an in- depth analysis of the financial portfolio, especially Level 3 assets;
Amendment 240 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Calls for a reflection on the possible negative impact on the real economy from the revision of the Basel rules, the introduction of MREL requirements, the introduction of TLAC and IFRS 9; calls for any solution aimed at smoothing the impacts:
Amendment 394 #
Motion for a resolution
Paragraph 21
Paragraph 21
Amendment 400 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Notes that contributions to the Deposit Insurance Fund should be cost- neutral for the banking sector;
Amendment 408 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. HighlightUnderlines that Article 114 iseems to be an appropriate legal basis for the establishment of both the EDIS and the DIF;