13 Amendments of Sander LOONES related to 2018/2100(INI)
Amendment 2 #
Motion for a resolution
Citation 7 a (new)
Citation 7 a (new)
– having regard to the Commission communication on the application, from 1 August 2013, of state aid rules to support measures in favour of banks in the context of the financial crisis (‘Banking Communication’)1a, _________________ 1a OJ C 216, 30.7.2013, p. 1.
Amendment 4 #
Motion for a resolution
Citation 8 a (new)
Citation 8 a (new)
– having regard to the report of European Systemic Risk Board of September 2018 on ‘Approaching non- performing loans from a macroprudential angle’,
Amendment 42 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the achievements of the Banking Union in fostering a truly single market, a level playing field and predictability for market actors; considers that a fully completed Banking Union willshould further strengthen financial stability and growth prospects in the EU;
Amendment 47 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses the importance of completing the capital markets union, which will help to channel credit into the real economy, further enable private risk sharing, reduce the need for public risk- sharing and complement funding through banks;
Amendment 62 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recalls the need for a coherent set of rules for the proper functioning of the Banking Union; calls on the Commission to prioritise regulations over directives as the legislative tool for the Banking Unthe principle of proportionality in EU banking regulation, and to make it a priority to fully ensure that all relevant legislation is fully implementeds well as the full and the correct implementation of EU financial regulation in all Member States; calls on the Commission, in cooperation with the European supervisory authorities, to identify and remove obstacles to the internal market;
Amendment 101 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Urges all negotiators to work towards the adoption of the legislative package to reduce risk in the banking system before the European elections in 2019; remains concerned, however, about the proposed changes to Articles 7 and 8 of Regulation (EU) No 575/2013, and more generally, about the proposed shift in the home-host balance, which might jeopardise financial stability in numerous Member States;
Amendment 111 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Takes note of the on-going negotiations on the NPL package; strongly warns against weakening the Commission proposals, as this would jeopardise the overarching goal of risk reduction and hinder efforts to complete the Banking Union; welcomes the ECB addendum on NPLs and the work of the EBA on guidelines on management of non- performing and forborne exposures; welcomes the reduction in volume of NPLs over the past years; stresses that the risk to financial stability posed by NPLs is still significant; agrees with the Commission that the primary responsibility for reducing NPLs lies with the Member States, notably through efficient insolvency laws, and banks themselves;
Amendment 122 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Takes note of the on-going negotiations on the European System of Financial Supervision (ESFS); believes that a single market needs appropriate supervisory powers at EU levelcalls on the Union legislators to find an appropriate equilibrium between the tasks and powers of the national competent authorities (NCAs) and the ESAs;
Amendment 130 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Remains concerned about the spread of shadow banking in the EU; recalls that the problem needs to be addressed at bothnational, EU and global level in order to ensure fair competition, transparency and financial stability; calls on the Commission to urgently identify remaining gaps in the current regulations;
Amendment 165 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Calls on the Commission to regularly assess whether the banking sector has benefited from implicit subsidies and State aid by means of the provision of unconventional liquidity support; underlines the distortive effect State aid can have on the functioning of the internal market; recalls the strict requirements for the application of Article 107(3)(b) of the Treaty on the Functioning of the European Union (TFEU);
Amendment 169 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Calls again on the Commission – as it did in the previous annual report – to re-examine on a yearly basis whether the requirements for the application of Article 107(3)(b) TFEU regarding the possibility of State aid in the financial sector continue to be fulfilled;
Amendment 176 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Takes note of the agreement reached at the Euro Summit meeting of 29 June 2018 on the European Deposit Insurance Scheme (EDIS); underlines the necessity of risk reduction in view of establishing EDIS as the third pillar of the Banking Union; believes it should be fully implemented once significant risk reduction has taken place; notes, in this respect, the Commission’s more proportionate ‘new approach’ to an EDIS as put forward in its communication of 11 October 2017;
Amendment 186 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Instructs its President to forward this resolution to the Council, the Commission, the ECB and the EBABA, the ECB, the SRB, the national parliaments and the competent authorities as defined in point (40) of Article 4(1) of Regulation (EU) No 575/2013.