9 Amendments of Engin EROGLU related to 2019/2130(INI)
Amendment 53 #
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 before risk sharing makes sense;
Amendment 68 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the support of the [incoming] President of the European Commission and the President of the ECB for the completion of the Banking Union and, more globally, the Economic and Monetary Union, through the creation of a fiscal capacity designed to provide the euro area with an adequate stabilisation function;
Amendment 82 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Recalls that the negative interest rates in the euro area create costs to banks and savers, especially if they avoid riskier investment classes, which is especially the case in many small banks;
Amendment 87 #
4. Notes that bank profitability has increased steadily since 2012, with return on equity surpassing 6 % since 2017; underlines that the low risk and low interest rate environment has resulted in lower costs for provisions and losses; recalls the need to continuously evaluate the levels of financing to the economy and particularly to SMEs, which includes the effects of a decentralized banking system on the financing opportunities of SMEs;
Amendment 96 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Underlines the crucial role of the banking sector in channelling funding into sustainable investments and enabling the transition to a climate-neutral economy;
Amendment 114 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Restates the importance of a market driven safe asset in the euro area as a way to help stabilise financial markets and allow banks to reduce the exposure of their balance sheets to national sovereign debt; calls on the Commission to submit a legislative proposal for the creation of a true European safe asset;
Amendment 157 #
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;
Amendment 261 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21 a. Notes that to avoid wrong incentives and to follow the principle of subsidiarity, national responsibility must continue to be a central element and that therefore European reinsurance schemes can only be called for when national resources have been exhausted;
Amendment 274 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. UrgeRequests the completion of the Banking Union through the creation of a fully mutualised EDISEuropean Deposit Reinsurance Scheme, to protect depositors against banking disruptions and to ensure confidence among depositors and investors across the Banking Union; welcomes the support of the [incoming] President of the Commission and the President of the ECB for the establishment of EDIShile allowing for exceptions for functioning institutional guarantee systems;