15 Amendments of Sylvie GOULARD related to 2013/2021(INI)
Amendment 60 #
Motion for a resolution
Recital G
Recital G
G. whereas the financial crisis demonstrated the problem of cross- contamination between banks' retail and investment activities; whereas the report of the HLEG underlines that "there are important systemic benefits of having diversity of business models" and the Eurosystem states in its contribution of January 2013 that "diversity implies that different institutional forms, business and earnings models coexist which strengthens resilience and mitigates contagion vulnerabilities";
Amendment 105 #
Motion for a resolution
Recital J a (new)
Recital J a (new)
Ja. whereas the funding of the real economy by banks is significantly higher in most of the Member States than it is in the UK or the US;
Amendment 106 #
Motion for a resolution
Recital J b (new)
Recital J b (new)
Jb. whereas the report of the Independent Commission on Banking and the Vickers reforms in the UK state several times that its recommendations are a policy approach for UK banks;
Amendment 108 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the HLEG's analysis and recommendations on banking reform and considers them a sound basis for initiating reformcontribution; is of the opinion that any reform should take into account the EU funding opportunities available to the real economy, and in this respect, the role played by the banks;
Amendment 118 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Takes the view that while current proposals for reforms of EU banking sector rules (including the Capital Requirements Directive and Regulation, the Recovery and Resolution Directive, the Single Supervisory Mechanism, the Deposit Guarantee Schemes Directive and shadow banking initiatives) are vital, a more fundamental reform of the banking structure is essential, and complementary to the other proposalsthey must be fully implemented and their cumulative effects assessed inter alia concerning complexity, risk-taking incentives and systemic risk; underlines that further reforms are necessary of banking structures as well as resolution, taking into account the global banking framework;
Amendment 165 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Urges the Commission to ensure that the core principles of reform detailed in paragraph 7s also apply to the shadow banking sector and unregulated areas of the financial services sector;
Amendment 168 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. recalls that any banking reform would not deliver if the supervision is not undertaken at the relevant level or is not provided with appropriate means; underlines that the transmission of information is key to ensure quality work by supervisors;
Amendment 218 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Urges the Commission to come forward with a proposarefully assess the complementarity of structural reform with the new EU banking framework, including in particular CRD4, the Bank Recovery and Resolution Directive, Banking Union before any decision is taken on structural refor m andatory separation of banks' retail and investment activitie in particular on legal separation between deposits and proprietary trading and other significant trading activities, if the activities to be separated amount to a significant share of a bank's business;
Amendment 254 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Urges the Commission to come forward with a proposal for such mandatory separation through the establishment of a thorough, transparent and credible ‘ring fence’ aroundbetween bank activities that are vital for the real economy, such as those relating to credit functions, payment systems and deposits, deposits, business support services and high-risk activities relating to trading; takes the view that in the event of a bank failure, the ring fence must ensure that the retail entity continues business unaffected by operational problems, financial losses, funding shortages or reputational damage resulting from the resolution or insolvency of the investment entity;
Amendment 299 #
Motion for a resolution
Paragraph 12 – introductory part
Paragraph 12 – introductory part
12. Urges the Commission to ensure that any separation results inof certain high-risk activities that are not associated with the provision of client-related services:
Amendment 303 #
Motion for a resolution
Paragraph 12 – subparagraph 1 (new)
Paragraph 12 – subparagraph 1 (new)
(i) results in:
Amendment 318 #
Motion for a resolution
Paragraph 12 – point b
Paragraph 12 – point b
(b) limits on the extent to which the two entities are reliant on each other for funding and/or resources; in particular, there should be no legal basis for unduly and unnecessarily shifting capital and liquidity from ring-fenced entities to other entities in the group;
Amendment 333 #
Motion for a resolution
Paragraph 12 – point d a (new)
Paragraph 12 – point d a (new)
(da) (ii) does not result in: (a) increasing dependency on non-EU banks or unregulated sources of funding; (b) increasing regulatory arbitrage (inside and outside the EU) and a global unlevel playing field; (c) a discrepancy between overly regulated retail banks and lite-regulated investment banks; (d) fragmentation of the internal market;
Amendment 389 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Believes that the possible scope for allowing market-making to be carried out by the deposit taking entity, subject to certain limits, should be further analysed;
Amendment 390 #
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16b. Recalls that any structural reform does not remove the need for continuous supervision and, where necessary, adaptation of the legislation, through co- decision or implementing measures, while avoiding legislation which permits inconsistent transposition and application;