Activities of Roberto GUALTIERI related to 2015/2221(INI)
Plenary speeches (2)
Banking Union - Annual report 2015 (debate)
Banking Union - Annual report 2015 (debate) IT
Reports (1)
REPORT on the Banking Union – Annual Report 2015 PDF (403 KB) DOC (130 KB)
Amendments (16)
Amendment 126 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Stresses the need to enhance the capacity of banks to lend, in particular to SMEs, including addressing the issue of non-performing loans at European level, notably by facilitating the setting up of asset management companies in those countries where this is deemed to be necessary;
Amendment 172 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Stresses the fact that Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms Capital Requirements and Directive 2013/36/EU of the European Parliament and the of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms (collectively referred to as "CRR/CRDIV") have been adopted by the co-legislators before the establishment of the Single Supervisory Mechanism; encourages the Commission to make a proposal for a technical adaptation of CRR/CRDIV in order to align it with the Banking Union framework;
Amendment 204 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Considers transparency vis-à-vis market players and the public, including on sensitive topics, to be essential for fair competition in the banking market such as capital targets as a result of the SREP cycle, supervisory practices and other requirements to be essential for fair competition in the banking market and for avoiding that regulatory uncertainty influence negatively banks' business strategy; underlines that transparency of both supervisors and supervised entities is also a prerequisite for accountability, as it allows Parliament and the public to be informed about key policy issues and to assess consistency with rules and supervisory practices;
Amendment 241 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Highlights the importance of establishing efficient cooperation between the SRB and the NRAs for the smooth functioning of the SRM; considers the organisational model established by the SSM through theInternal Resolution Teams (IRTs) as an equivalent to the SSM's JSTs to be a good basis for organising cooperation within the SRM;
Amendment 245 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Encourages the conclusion of a memorandum of understanding (MoU) on mutual cooperation and data sharing between the SRB and the ECB as single supervisor, in order to increase efficiency and avoid double reporting for banks, while allowing the SRB to have access to the data necessary to fulfil its institutional mandate; underlines the importance of smooth cooperation between the SRM and the NCAs;
Amendment 249 #
Motion for a resolution
Paragraph 32
Paragraph 32
32. Welcomes the preparation by the SRB of manuals on resolution activities, in line with the relevant EBA standards, which aim to promote a consistent and, effective and proportionate approach to resolution tasks within the SRM;
Amendment 269 #
Motion for a resolution
Paragraph 35
Paragraph 35
35. Calls on remaining Member States to fully and swiftly implementcomplete the transposition of the Bank Recovery and Resolution Directive (BRRD) and the intergovernmental agreement (IGA) on transfer and mutualisation of contributions to the Single Resolution Fund; regrets the decision to set up the fund through an IGA rather than through Union law; regrets the decision to set up the Single Resolution Fund (SRF) through an IGA rather than through Union law; welcomes the establishment of calculation and collection procedures for ex-ante contributions to the SRF through the SRB;
Amendment 275 #
Motion for a resolution
Paragraph 35 a (new)
Paragraph 35 a (new)
35a. Welcomes the ratification by Member States of the Intergovernmental Agreement on the transfer and mutualisation of contributions to a single resolution fund (SRF), which will allow the Single Resolution Mechanism to become fully operational, including the use of the bail-in instrument, as of 1 January 2016, according to the planned schedule;
Amendment 276 #
Motion for a resolution
Paragraph 35 b (new)
Paragraph 35 b (new)
35b. Recommends, for the successful management of banking crises in the future, to assess carefully the various choices at the disposal of the Board – different resolution tools as alternative to the liquidation of the bank – keeping in mind the importance of safeguarding financial stability and maintaining confidence in the banking system;
Amendment 277 #
Motion for a resolution
Paragraph 35 c (new)
Paragraph 35 c (new)
35c. Underlines the time mismatch between the rules on burden sharing and on the full bail-in, which have affected retroactively the effective riskiness of the debt instruments issued before the latter legal provisions, and the definition and implementation of appropriate investment protection rules; invites the Commission and the SRB to assess carefully the transition period, including the consideration of appropriate provisions to ensure the necessary proportionality, fairness and flexibility in the application of the new rules;
Amendment 278 #
Motion for a resolution
Paragraph 35 d (new)
Paragraph 35 d (new)
35d. Believes that, since the Directive 2014/59/EU foresees a hierarchy of eligible liabilities for the bail-in including also subordinated debt instruments, and considering that retail investors may have greater difficulties assessing the risks implied by certain financial instruments, a tightening of the provisions concerning the distribution of such subordinated debt instruments to retail investors according to articles 16 and 24 of Directive 2014/65/EU should be considered in order to require an appropriate portfolio diversification and to reinforce investor protection rules;
Amendment 288 #
Motion for a resolution
Paragraph 36
Paragraph 36
36. Stresses the need, as a consequence of the existence of the national compartments in the SRF, to rapidly put in place an adequate bridge financing mechanism in order to provide the fund, if necessary, with sufficient resources in the period before its completion; recalls that the Eurogroup and the Ecofin ministers identified, in their statement of 18 December 2013, the possibility of having recourse to both national sources andor to the European Stability Mechanism (ESM), and considers the latter the most effective and credible solution, which could be implemented either through a swift revision of the ESM treaty or through appropriate implementation of the provisions of Article 13 thereof;
Amendment 297 #
Motion for a resolution
Paragraph 37
Paragraph 37
37. Welcomes, nonetheless, the progress made so far inagreement reached to securinge public bridge financing to help ensure the availability of funds for concrete resolution action through national resources; underlines, however, that the specificities of the arrangements currently being discussed (uncommitted credit lines, in order to bridge financing the raising of ex-post contributions; underlines, however, that certain options provided for the agreed arrangements (prior national approval, staggered payments) may reduce the usefuleffectiveness of public bridge financing;
Amendment 308 #
Motion for a resolution
Paragraph 38
Paragraph 38
38. Recalls that the credibility of the BU, and in particular of bail-in and single resolution provisions, requires athe establishment of the common backstop in order to be able to support the SRF, if necessary, beyond its capacity of EUR 55 billion, and considers that its setting-up should start swiftlyas soon as possible and be based on the ESM;
Amendment 347 #
Motion for a resolution
Paragraph 40
Paragraph 40
40. Welcomes the Commission’s's draft proposal announcement regarding the presentation of a legislative proposal for the first steps towards on a European Deposit Insurance Scheme (EDIS) by establishing a reinsurance mechanism at EU level for the national deposit guarantee scheme, which contemplates the gradual introduction of a common deposit guarantee scheme; considers appropriate the legal basis which correctly requires the ordinary legislative procedure and considers that the proposal addresses the need to avoid financial stability problems related to the potential vulnerability of national guarantee schemes to local and relevant shocks, by establishing a reinsurance mechanism at EU level for the national deposit guarantee schemes as well as the need to treat depositors in the same way independently of the location of the bank, thus weakening the link between sovereigns and banks;
Amendment 353 #
Motion for a resolution
Paragraph 40 a (new)
Paragraph 40 a (new)
40a. Welcomes the intention to realize a progressive degree of risk sharing in parallel with the reduction of risks in the banking system; underlines in this regard the importance of implementation of the single rulebook as well as of the first and the second pillar of the Banking Union in order to achieve a substantial reduction of risks in the European banking system; in particular, stresses that the application of the bail-in tool will introduce a systematic mechanism of risk avoidance, thus reducing the fears of moral hazard which could be induced by the progressive mutualisation of guarantee schemes;