14 Amendments of Jakob von WEIZSÄCKER related to 2016/2247(INI)
Amendment 41 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas, however, the Banking Union is not complete without the introduction of a common deposit insurance and a Bank Structural Reform in the spirit of the Liikanen Report to effectively address the too-big-to-fail problem and to safeguard taxpayers and depositors;
Amendment 49 #
Motion for a resolution
Recital B
Recital B
B. whereas overall the capital and liquidity ratios of EU banks have steadily improved over the last years; whereas risks to financial stability nevertheless remain; whereas the current situation calls for caution when introducing regulatory changesile many banks, including several large banks, remain significantly undercapitalised; whereas risks to financial stability nevertheless remain;
Amendment 59 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas a proper clean-up of bank balance sheets after the crisis has been delayed, still hampering economic growth;
Amendment 140 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers it essential to ensure the compaddress the excessive variability in risk-weights applied tof risk-weighted assets of the same class across institutions in order to allow for effective supervision; welcomes the work done internationally to streamline the resort to internal models including the consideration of input and output floors, as well as the introduction of a leverage ratio to act as a backstop; recalls that the current rules governing the use of internal models provide a significant level of flexibility for banks and add a layer of modelling risk from the supervisory perspective; recalls, however, that the regulatory changes planned should not result in significant increases in capital requirements across the board, nor harm the ability of banks with a sustainable business model to finance the real economy, in particular SMEs;
Amendment 150 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Stresses that reliable access to finance and the sound allocation of capital in Europe's bank-based financing model depends heavily on robust balance sheets and proper capitalisation, the restoration of which after the financial crises was not and is not uniformly assured across the Union, thus hampering economic growth;
Amendment 161 #
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; recalls the importance of committing to the conclusions of the work of those international fora;
Amendment 169 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Underlines the need to introduce a Bank Structural Reform, including the reversal of the burden of proof, to end the problem of very large institutions being too big to fail;
Amendment 317 #
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 and to make sure banks hold sufficient subordinated and bail-inable debt to allow for a bail-in of debt instruments without causing general market panic in order to make the implementation of the BRRD morefeasible, consistent and effective;
Amendment 354 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Regrets that the Commission did not allow for more time to assess the implementation of the DGSD before proposing the EDIS and did not conduct a proper impact assessment of the proposalWelcomes the Commission's proposal for EDIS; stands ready, however, to seize the opportunity generated by the proposal to discuss the DGSD and address some of the options and discretions it includes;
Amendment 376 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Is aware of the potential benefits of an EDIS; is nevertheless of the opinion that risk reduction measures are an indispensable counterparty to its establishment in order to prevent moral hazard, and that such measures should preferably precede risk sharing;
Amendment 379 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. Stresses the necessity of addressing the sovereign bank link and suggests commencing a careful and staged phasing in of large exposure rules for sovereign debt in lock-step with the introduction of EDIS;
Amendment 401 #
Motion for a resolution
Paragraph 22
Paragraph 22
Amendment 410 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22a. Stresses that a credible EDIS needs to be supported by a backstop mechanism;
Amendment 429 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Welcomes the establishment of loan facility agreements between the SRF and the Banking Union Member States; is of the opinion, nevertheless, that this solution is not sufficient to do away with the bank-sovereign vicious circle and that the work on a common fiscal backstop for the SRF, which should be fiscally neutral over the medium term, should continue step by stepfor the SRF and EDIS is required;