21 Amendments of Charlie WEIMERS related to 2021/2184(INI)
Amendment 43 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
B a. whereas a Banking Union requires first and foremost accelerated efforts by various Member States to reduce their high levels of non-performing loans and prevent their increase in the future;
Amendment 44 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
B b. whereas sound public finances are a necessary condition for the macro- financial stability of the Banking Union;
Amendment 97 #
Motion for a resolution
Recital I a (new)
Recital I a (new)
I a. whereas in carrying out its supervisory activities, the ECB has so far failed to take the proportionality principle sufficiently into account;
Amendment 106 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Recalls that onthe goal of the BU is the security of the banking system and the prevention of bank bailouts by taxpayers; supports efforts to strengthen the BU; stresses that a solid BU will result in increased confidence in the banking sectortresses that increased confidence in the banking sector requires accelerated efforts by various Member States to reduce their high levels of non-performing loans and to prevent their increase in the future;
Amendment 188 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Calls on the ESAs and ENISA to step up their efforts in monitoring and mitigating the risks concerning third country ICT third parties, if these third parties have or are suspected of having ties to foreign governments or foreign militaries;
Amendment 194 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Considers that the Banking Union or reforms of the EMU governance structure should respect the will of Member States that have not introduced the euro currency to retain their respective currencies and retain supervisory powers as well as decision making power over national bank resolution schemes;
Amendment 196 #
Motion for a resolution
Paragraph 8 b (new)
Paragraph 8 b (new)
8 b. Calls on the Commission to prioritise the principle of proportionality in EU banking regulation;
Amendment 197 #
Motion for a resolution
Subheading 2 a (new)
Subheading 2 a (new)
Stresses that Member States that have retained their national currencies shall also retain supervisory powers;
Amendment 198 #
Motion for a resolution
Subheading 2 b (new)
Subheading 2 b (new)
Notes that some national supervisory agencies from non-euro area countries are characterised by higher standards of transparency and capital requirements than the institutions of the Banking Union and the ECB;
Amendment 199 #
Motion for a resolution
Subheading 2 c (new)
Subheading 2 c (new)
Emphasizes that the Banking Union is a step towards an eventual socialisation of national bank resolution and deposit guarantee schemes;
Amendment 302 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17 a. Requests increased transparency standards in banking supervision, for instance in the outcomes of the supervisory review and evaluation process, in order to reinforce the trust of capital and financial markets, companies and citizens, as well as to ensure consistency of treatment across Member States; welcomes improved and refined information-sharing between supervisory institutions;
Amendment 333 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20 a. Believes that the Banking Union will further disintegrate due to moral hazard and lead to a permanent Transfer Union if mechanisms such as the backstop for the Single Resolution Fund (SRF) and a European Deposit Insurance Scheme (EDIS) are implemented; regrets that insufficient progress in risk reduction in some member states serves as an argument for mutualisation of deposit insurance schemes, creating incentives for some member states not to reduce risk, or even to engage in even more excessive risk-taking; points out that the absence of a proper impact assessment of the EDIS proposal is fundamentally at odds with the principles of sound governance;
Amendment 343 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21 a. Requests increased transparency standards in banking resolution, for instance in the outcomes of the resolution review and evaluation process, in order to reinforce the trust of capital and financial markets, companies and citizens, as well as to ensure consistency of treatment across Member States;
Amendment 355 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Recalls that the SSM and the SRM operate at EU level, while deposit guarantee schemes (DGSs) are operated and financed at national level; recognises that a European deposit insurance scheme (EDIS) would improve protection for depositors in the EU;
Amendment 356 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Recalls that the SSM and the SRM operate at EU level, while deposit guarantee schemes (DGSs) are operated at national level; recognises that a European deposit insurance scheme (EDIS) would improve protection for depositors in the EUunderlines that depositors across the Banking Union are exposed to varying levels of credit, market and operational risk, which justifies varying levels of protection;
Amendment 369 #
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23 a. Regrets that insufficient progress in risk reduction in some Member States serves as an argument for mutualisation of deposit insurance schemes, creating incentives for some Member States not to reduce risk, or even to engage in even more excessive risk-taking; points out that the absence of a proper impact assessment of any EDIS proposal is fundamentally at odds with the principles of sound governance;
Amendment 374 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Considers that the main obstacles for EDIS are concerns about risks in some banking systems; stresses that and the lack of political support for EU-level socialisation of resolution schemes; stresses that offering permanent opt-outs in combination with the implementation of credible and effective risk reduction measures could enable an agreement on EDIS;
Amendment 380 #
24. Considers that the main obstacles for EDIS are concerns about risks in some banking systems and a general bail-out fatigue; stresses that opt-outs and the implementation of credible and effective risk reduction measures could enable an agreement on EDIS;
Amendment 384 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Considers that the main obstacles for EDIS are concerns about risks in somUnderlines that depositors across the bBanking systems; stresUnion are exposesd that the implementation of credible and effective risk reduction measures could enable an agreement on EDISo varying levels of credit, market and operational risk, which justifies varying levels of protection;
Amendment 394 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Points out that any EDIS should take into account clear rules for the participation or non-participation of non- euro area Member States;
Amendment 398 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Instructs its President to forward this resolution to the Council, the Commission, the ECB, all ESCB member banks, the EBA and the SRB.