12 Amendments of Burkhard BALZ related to 2017/2072(INI)
Amendment 17 #
Motion for a resolution
Citation 27 a (new)
Citation 27 a (new)
- having regard to its resolution of 19 January 2016 on stocktaking and challenges of the EU Financial Services Regulation:impact and the way forward towards a more efficient and effective EU framework for Financial Regulation and a Capital Markets Union,
Amendment 49 #
Motion for a resolution
Recital C
Recital C
C. whereas the 2017 banking cases have shown that theefforts have to be enhanced to move from bail-out to bail-in has yet to be finalised;
Amendment 57 #
Motion for a resolution
Recital D
Recital D
D. whereas the Banking Union remains incompleteneeds reinforcement;
Amendment 154 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recalls that there are risks associated with sovereign debt; notes that in some Member States financial institutions have overly invested in bonds issued by their own governments, constituting excessive ‘home bias’; takes note, in this respect, of the Commission’s ongoing work on the idea of so-called sovereign bond-backed securities (SBBS)points to the ongoing work of the BCBS on the review of the regulatory treatment of sovereign exposures; takes note of the Commission’s ongoing work on the idea of so-called sovereign bond-backed securities (SBBS); in this regard, believes that it is crucial that such an instrument, if established, works in good as well as in bad economic conditions; furthermore highlights that the opinion of market participants and debt managers should be considered before risking indirect debt mutualisation and irreversible market distortions;
Amendment 191 #
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 the proposed amendments to the waivers in Articles 7 and 8 of the CRR, and more generally, about the proposed shift in the home-host balance;
Amendment 230 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Takes note of the proposals on the review of the ESFS; calls on the Union legislators to find an appropriate equilibrium between the tasks and powers of the national competent authorities (NCAs) and the ESAs with due regard to the principle of proportionality;
Amendment 260 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Is concerned aboutWelcomes the first efficient application of the new resolution regime in the Banco Popular case; notes the high number of legal applications lodged before the General Court of the EU in relation to the Banco Popular Español S.A. case; asks the Commission to assess whether this could endanger the effectiveness of the new resolution regime; calls on the SRB and the Commission to provide more transparency in future resolution decisions; calls on the co-legislators to take the Banco Popular and other recent cases into account as lessons learnt when co- deciding on the Commission proposals on TLAC/MREL and the moratorium tool;
Amendment 272 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that, while the concern about the mismatch between state aid rules and Union legislation as expressed in the previous report5 related to the ability of deposit guarantee schemes (DGSs) to participate in resolution as provided for in the BRRD and DGSD, the 2017 banking cases brought to light other areas of mismatch, in particular the possibility for Member States to avoid being subject to the discipline of the BRRD by paying ‘liquidation aid’; points to the principle that creditors should not be better off under national insolvency proceedings rules than under European resolution rules; _________________ 5 European Parliament, Resolution of 15 February 2017 on ‘Banking Union – Annual Report 2016’, paragraph 38.
Amendment 282 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Calls on the Commission to undertake as soon as possible the review referred to in the last subparagraph of Article 32(4) of the BRRD, taking into account the interplay between the new resolution regime and the 2013 Banking Communication, in order to draw lessons from the 2017 banking cases; notes, in this respect, that extraordinary support may only be used to remedy "a serious disturbance in the economy" and "to preserve financial stability", and that precautionary recapitalization should, as a minimum requirement, be confined to significant institutions supervised by the SSM; underlines that these requirements should be applied in the same way under state aid rules;
Amendment 294 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Welcomes the SRB’s prioritisation of enhancing resolvability of credit institutions, as well as the progress made in developingtowards setting binding targets regarding the minimum requirement for own funds and eligible liabilities (MREL) targets in the framework of institution- specific resolution strategies;
Amendment 309 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for progress to be madea significant strengthening onf the legislative proposals implementing total loss-absorbing capacity (TLAC) in Union law aiming to reduce risks in the European banking sector; supports the inclusion of a pre- resolution moratorium tool in the BRRD;
Amendment 324 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Notes the ongoing technical work by the Council on a common fiscal backstop for the Single Resolution Fund (SRF); that should be fiscally neutral over the medium term which is essential to protect taxpayers;