Activities of Ramon TREMOSA i BALCELLS related to 2016/2247(INI)
Plenary speeches (2)
Banking Union - Annual Report 2016 (debate)
Banking Union - Annual Report 2016 (debate) IT
Shadow reports (1)
REPORT on Banking Union - Annual Report 2016 PDF (323 KB) DOC (73 KB)
Amendments (22)
Amendment 18 #
Motion for a resolution
Citation 14 a (new)
Citation 14 a (new)
- having regard to its resolution of 12 April 2016 on the EU role in the framework of international financial, monetary and regulatory institutions and bodies (2015/2060(INI)),
Amendment 123 #
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 significantpositive effect on the financial sector, which calls for caution in reform efforts; awaits with interest the stability; considers that its resgults of the international work on this issue; considers that, in the end, a better regulatory framework, be it European or international, will be neededatory treatment should be modified to reflect sovereign risk and should therefore introduce risk weights for sovereigns in the framework of a new Basel agreement;
Amendment 131 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Considers that there are risks associated with sovereign debt; notes, however, that government bonds play a critical role as a source of high-quality, liquid collateral and that modifying its prudential treatment could have a significant effect on both the financial and the public sector, which calls for caution in reform efforts; awaits with interest theconsiders that, in the end, a better resgults of theatory framework, be it European or international, work on this issueill be needed; considers that, in the end, a better regulatory framework, be it European or international, will be neededEuropean framework should enable market discipline in delivering sustainable policies and providing safe assets for the financial sector and safe liabilities for governments;
Amendment 146 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers it essential to ensure the comparability of risk-weighted assets across institutions in order to allow for effective supervision; welcomes the work done internationally to streamline the resort to internal models and to re-establish the credibility of internal models, as well as the introduction of a leverage ratio to act as a backstop; recalls, however, that the regulatory changes planned should not result in significantunjustified increases in capital requirements, nor harm the ability of banks to finance the real economy, in particular SMEs;
Amendment 156 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Points out that guidance provided by international fora should be used in order to avoid the risk of regulatory fragmentation; stresses the importance of the role of the Commission, the European Central Bank and the European Banking Authority to engage in the work of the BCBS and provide the European Parliament and the Council with transparent and comprehensive updates on the status of the development of the BCBS discussions; considers that the EU should work on having an appropriate representation in the BCBS and notably for the euro area; calls for a stronger visibility of this role during ECOFIN meetings, as well as enhanced accountability towards the ECON Committee in the European Parliament with a regular de-brief by EU representatives party to the discussions;
Amendment 160 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Points out that guidance provided by international fora should be used in order to avoid the risk of regulatory fragmentation; stresses that the EU needs to further consolidate its representation and unify its position in these fora;
Amendment 175 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. SNotes that there are very different banking models within the Banking Union but stresses that national options and discretions are hindering the creation of a level playing field between Member States and the comparability of the financial reporting by banks to the public; welcomes the ECB guidance and regulation harmonising the exercise of some of these within the Banking Union; looks forward to the upcoming amendments to the CRR as a means of closing the most significant oneto keep only the ones strictly necessary because of the diversity of banking models;
Amendment 182 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Stresses that there has been a natural learning phenomenon for all the members of the Supervisory Board since the creation of the SSM to deal with a variety of different business models and entities of different sizes, which needs to be supported and accelerated;
Amendment 199 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that the ‘'too-big-to-fail’' issue still needs to be addressedis being addressed; recalls the words of Mark Carney, Chair of the Financial Stability Board, that agreement on proposals for a common international standard on total loss-absorbing capacity for G-SIBs is a watershed in ending "too big to fail" banks; stresses that these agreements, once implemented, will play important roles in enabling globally systemic banks to be resolved without recourse to public subsidy and without disruption to the wider financial system; notes that TLAC will complement EMIR's mandatory requirement to centrally clear and the capital surcharge for G-SIBs;
Amendment 203 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that the ‘'too-big-to-fail’' issue still needs to be addressedis being addressed; points to the proposals on total loss absorbing capacity for G-SIBs in this respect;
Amendment 212 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Underlines that competition in the banking sector is decreasing due to the continued process of concentration since the crisis;
Amendment 213 #
Motion for a resolution
Paragraph 7 b (new)
Paragraph 7 b (new)
7b. Believes that centralisation and concentration of the banking systems could be detrimental to economic growth in many European regions, particularly in case of a new banking or economic crisis;
Amendment 214 #
Motion for a resolution
Paragraph 7 c (new)
Paragraph 7 c (new)
7c. Calls on the ECB and national competent authorities to decrease the necessary conditions to create a new bank, and demands them to publish a full list of all new bank licences given since the introduction of the Banking Union and a report on the rejected applications;
Amendment 230 #
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; invites the SSM to reduce as much as possible the supervisory fees; points out that all banks should be subject to an appropriate level of supervision; reminds that an appropriate supervision is key to monitor all risks whatever the size of the banks;
Amendment 242 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Calls on national competent authorities and Member States to fully provide the ECB with the necessary human resources and economic data in order to do its job;
Amendment 250 #
Motion for a resolution
Paragraph 9 b (new)
Paragraph 9 b (new)
9b. Reminds of the potential conflict of interest between supervisory tasks and responsibility for monetary policy; believes that the independence of the ECB as monetary policy authority needs to be strengthened;
Amendment 298 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Takes note of the differences between the FSB TLAC standard and the MREL; stresses, however, that both standards share the same objective: to make sure that banks have enough regulatory capital and loss-absorbing liabilities to make bail-in an effective instrument in resolution (without causing financial instability and without needing public money); concludes therefore that a holistic approach to loss-absorption can be reached by combining the two; highlights that due consideration should be given to retaining the two criteria of size and risk- weighted assets;
Amendment 320 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Stresses that it is crucial to harmonise the hierarchy of claims in bank insolvency across Member States in order to make the implementation of the BRRD more consistent and effective; welcomes the Commission's proposal on this subject;
Amendment 358 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Calls on all Member States to apply and correctly implement BRDD and DGSD before EDIS comes into force.
Amendment 385 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Welcomes a European approach to deposit insurance, which must make it possible to address outstanding DGSD implementation issues and phase in the risk reduction measures; is of the opinion that every final scheme should include enough time to build the trust necessary among all stakeholders and citizens; reminds that protection of deposits is a common concern for all EU citizens;
Amendment 398 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Recommends that the Commission, the ECB and the EBA study the possibility and suitability of accompanying the introduction of the EDIS with an assessment of the capital and liquidity situation of banks in order to better quantify the risks to be insured and their proportionality;
Amendment 406 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Highlights that Article 114 seems to be anis the appropriate legal basis for the establishment of both the EDIS and the DIF; considers therefore that a recourse to an IGA is not warranted and would create legal uncertainty;