7 Amendments of Sylvie GOULARD related to 2012/2115(INI)
Amendment 11 #
Motion for a resolution
Recital C
Recital C
C. whereas, despite certain potential positive effects, SBshadow banking has been identified as one of the main possible triggers or factors contributing to the financial crisis and can weaken the system, especially through regulatory arbitrage and increased systemic risk;
Amendment 33 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Points out that since the crisis some of the practices of SB have vanished; notes, however, that the innovative nature of the SB system may lead to new developments that may pose a source of systemic risk, which should be tackled; stresses, therefore, the need to collect at European level more and better data on shadow banking transactions, market participants, financial flows and interconnections, in order to obtain a full overview of the sector;
Amendment 44 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Supports, therefore, as a first step, the creation and management by the ECB of a central EU database on euro repo transactions, and invites the Commission to submit a legislative proposal for the creation of such a database by the end of 2013, after undertaking a feasibility study;
Amendment 45 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Supports, therefore, as a first step, the creation by the ECB of a central EU database on euro repo transactions fed by infrastructures and custodian banks to the extent that they internalise repo settlement in their own books, and invites the Commission to submit a legislative proposal for the creation of such a database by the end of 2013, after undertaking a feasibility study;
Amendment 65 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Stresses that these new tasks will require a sufficient level of new resources and the creation of a basic reporting framework at the EU level for market infrastructures; notes that the ESRB (European Systemic Risk Board), as the EU macro-prudential body with authority over the whole EU financial sector, is well placed to conduct a continuous monitoring of systemic risks stemming from shadow banking;
Amendment 68 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Emphasises that some SB activities and entities may be either regulated or unregulated depending on the country but also that a consistency of policy initiatives across countries needs to be ensured to avoid regulatory arbitrage which would lead to distorted regulatory incentives; notes further that the financial interdependence between the banking sector and shadow banking entities is currently excessive;
Amendment 94 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Underlines the need to ensure greater transparency in the structure and activities of financial institutions; invites the Commission, taking account of tho launch a dialogue conclusions of the Liikanen report, to propose legislation to separate commercial and investment banks, in particular in order to avoid the financing of SB activities via savings the issue, following the publication of the conclusions of the Liikanen report;