5 Amendments of Piernicola PEDICINI related to 2019/2130(INI)
Amendment 56 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Recalls the progress made regarding the implementation of the Banking Union, namely on risk reduction; stresses, however, that further progress has to be made, particularly on risk sharing; recalls that risk sharing and risk reduction should move forward in parallel;
Amendment 144 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes the progress made in the banking sector in reducing risk and increasing financial stability; recalls the aims of the Banking Union of fostering a truly single market, a level playing field and predictability for market actors; considers, however, that the current supervisory framework and practices have resulted in asymmetric effects on the EU traditional banking systems, whereby credit risk exposures have been subject to extensive attention, whereas market risk exposures related to illiquid securities, including derivatives, have been disregarded;
Amendment 158 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that the ratio of non- performing loans (NPLs) held by significant institutions has fallen by more than half from the start of ECB banking supervision, in November 2014, to June 2019; underlines the need to protect customers’ rights in the context of NPL transactions; takes note of the on-going negotiations on the NPL package; warns that its economic and social implications have been insufficiently addressed and little understood;
Amendment 164 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9 a. Reiterates its concerns over the high level in certain Member States of complex and illiquid financial instruments classified as level 2 and level 3 and the difficulty of their valuation; welcomes, in this regard, the inclusion of level 2 and level 3 instruments in the scope of 2018 stress tests; reiterates its call on the SSM to make the reduction of these complex and illiquid financial instruments, including derivatives, its main supervisory priority;
Amendment 257 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21 a. Stresses that the problem of too- big-to-fail banks is still very relevant and poses significant risks to bank resolvability; recalls the need for a structural reform of the banking sector based on clear and mandatory separation of the core credit activities from the trading ones; points out that this reform represents a fundamental complement to the crisis resolution framework, as highlighted by the lessons learned from the 2008 financial crisis;