20 Amendments of Markus FERBER related to 2024/2055(INI)
Amendment 8 #
Motion for a resolution
Citation 30 a (new)
Citation 30 a (new)
– having regard to the Risk assessment report of the European Banking Authority1a, _________________ 1a RISK ASSESSMENT REPORT OF THE EUROPEAN BANKING AUTHORITY (EBA/REP/2024/12). JULY 2024.
Amendment 29 #
Motion for a resolution
Recital D
Recital D
D. whereas a strong and diversified banking sector is key to delivering economic growth, financing small and medium-sized enterprises (SMEs) and start-ups and ensuring the transition to a green and digital economy;
Amendment 55 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Asks the Commission to ensure that the completion of BU remains a key priority; highlights that this project offers households and SMEs access to broader funding, increases financial stability, reduces the impact of economic downturns, funds the transition to a green and digital economy and unlocks the EU’s growth potential; points out that the Commission needs to take into consideration the specificities of the national banking sectors where they have proven their value;
Amendment 62 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Notes that a more integrated BU would help to make the EU banking sector more resilient; notes that better cross- border integration of banking business would increase the potential for private risk sharing and ensure diversification in the EU banking market; points out that a more integrated BU is not necessarily the same as a more consolidated banking market and that there are benefits for competition in a diversified banking market;
Amendment 78 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Regrets that EU banks’ ability to finance major investments is constrained by higher costs, smaller scale and lower profitability that is not sufficient to ensure their competitiveness; notes that the profitability gap compared to other jurisdictions is due to both structural and regulatory reasons;
Amendment 87 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Acknowledges that EU banks still operating in Russia have downsized their activity; calls on supervisory institutions to further assist those banks in pushing ahead with exiting the Russian market swiftly;
Amendment 95 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Notes that the creation of a separate jurisdiction for EU banks with substantial cross-border operations13 would help to complete the BU; invites the European Commission to further explore this notion; _________________ 13 Draghi report, p. 61.
Amendment 123 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the adoption by co- legislators of the new banking package implementing Basel III standards in the EU; notes with concern that other jurisdictions have pursued a less ambitious agenda; stresses that the Commission should evaluate thoroughly whether a delay in implementation is necessary to maintain the international competitiveness of EU banks; welcomes, in this regard, the delegated act postponing the date of application of the new market risk framework by one year to 1 January 2026;
Amendment 130 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that the average Common Equity Tier 1 ratio has remained at high levels, at 15.81 % pointing to a high level of resilience of European banks;
Amendment 134 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Highlights adverse macroeconomic conditions and geopolitical headwinds, which might lead to a deterioration in asset quality; therefore highlights the importance of prudent risk management and appropriate provisioning;
Amendment 144 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. NoteRegrets the lack of progress on the proposal for a directive on credit servicers, credit purchasers and the recovery of collateral, which intends to provide banks, under certain conditions, with a mechanism for accelerating the value recovery from secured loans via extrajudicial enforcement of procedures in order to further develop secondary markets for non-performing loans;
Amendment 166 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Welcomes the creation of the new Authority for Anti-Money Laundering and Countering the Financing of Terrorism, which will allow for more effective ways to combat money laundering and terrorist financing via direct supervision of certain financial entities and better cooperation and flow information between national authorities;
Amendment 167 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. StressWelcomes the need to enhance the resilience of non-bank financial intermediaries and establish a level pEuropean Commission's targeted consultation assessing the adequacy of macroprudential policies for non-bank financial intermediation; invites the European Commission to investigate if there are any gaps in the supervisory toolkit, including relayting field with the banking sector, including by designing specific regulatory and supervisory tools to prevent a liquidity crisito potential liquidity crunches and implications for systemic risk; notes, however, that non- bank financial intermediaries do not necessarily face the same type and levels of risk as banks, since they generally do not take short-term retail deposits and are therefore less prone to maturity mismatches;
Amendment 185 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Welcomes the objective of the proposal on crisis management and deposit insurance of ensuring a more consistent approach across all Member States to the application of resolution tools and deposit protection to enhance financial stability, taxpayer protection and depositor confidence; notes that small banks do not pose any risks to financial stability and warns against overextending the scope of the resolution regime; points out in particular that the review of the crisis management and deposit insurance framework must not have negative effects for the proper functioning of institutional protection schemes;
Amendment 191 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Highlights the importance of preserving shareholders’ and creditors’ primary responsibility for bearing losses in the event of a bank’s failure, which is still a key lesson learned from the global financial crisis; stresses that the bail-in of shareholders and creditors must remain the main source for resolution financing before any recourse is made to industry-funded sources; highlights that ‘bridge the gap’ measures should therefore only be used with caution and subject to appropriate safeguards;
Amendment 231 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Underlines the fact that the Commission’s proposal to establish a European deposit insurance scheme was published back in 2015, and that the landscape has changed significantly since then and that a new approach is necessary;
Amendment 238 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21 a. Highlights that further progress on risk reduction is a necessary precondition for any type of risk-sharing in the Banking Union;
Amendment 251 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. UHighlights the important role that institutional protection schemes play in supporting financial stability; underlines the necessity to take the specifics of institutional protection schemes into account in European legislation and preserve their functioning;
Amendment 266 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. RNotes with concern that banks’ exposures to domestic sovereign debt are rising1a; recalls that breaking the link between bank and sovereign risk remains a challenge for the BU; emphasises that the risk on banks’ balance sheets can be reduced further through the regulatory treatment of sovereign exposures; calls on the European Commission to present a legislative proposal introducing appropriate risk weights for sovereign exposures; _________________ 1a RISK ASSESSMENT REPORT OF THE EUROPEAN BANKING AUTHORITY (EBA/REP/2024/12). JULY 2024. p. 20.
Amendment 273 #
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25 a. Points out that rising public debt levels following the pandemic make an appropriate treatment of sovereign exposures more pressing;