20 Amendments of Engin EROGLU related to 2020/2122(INI)
Amendment 58 #
Motion for a resolution
Recital F
Recital F
F. whereas prudential supervision is necessary and the fight against fraud and anti-money laundering supervision is necessarhould be a priority;
Amendment 83 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the entry of Bulgaria and Croatia into the Banking UnionExchange Rate Mechanism (ERM II) and therefore into the Banking Union, and stresses that participation in these schemes is inextricably linked up with prudent financial policy;
Amendment 89 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Recalls that the Banking Union has delivered the institutional set-up for greater market integration, through the SSM and the SRM, while a European deposit insurance scheme (EDIS) is still lacking;
Amendment 105 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Stresses the stabilising effect of small- and medium-sized banks to the EU`s economy in times of crisis;
Amendment 107 #
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3 b. Considers it necessary that a proportional approach is pursued and entrenched in all further steps to improve the Banking Union;
Amendment 131 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. NotWelcomes the ‘quick fix’ to the Capital Requirements Regulation31 extending transitional arrangements in order to support banks’ lending capacity32 ; _________________ 31Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1). 32Regulation (EU) 2020/873 of the European Parliament and of the Council of 24 June 2020 amending Regulations (EU) No 575/2013 and (EU) 2019/876 as regards certain adjustments in response to the COVID-19 pandemic (OJ L 204, 26.6.2020, p. 4).
Amendment 187 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes the interdependencies between banks and central counterparties (CCPs), highlights in this regard the risks of excessive reliance on UK CCPs and welcomes the measures setting the criteria for classifying third-country CCPs adopted by the COM during the past year;
Amendment 213 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Stresses that ensuring proper and timely management of deteriorated exposures will be key to preventing a build-up of non-performing loans (NPLs) in the short termas a result of Covid-19 health measures, and calls for the final adoption of an adequate regime to manage the increase in NPLs;
Amendment 224 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. SRecognises the role played by banks in supporting businesses and the real economy during the pandemic, and stresses that banks should diligently assess the financial soundness and viability of businesses, proactively engage with distressed debtors to manage their exposures, and offer financing and restructuring options to viable companies;
Amendment 245 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Stresses the benefits of banking consolidation in addressing the overcapacities and fragmentation of the banking sectora diversified banking sector in Europe, composed of banks with different business models, legal structures and sizes;
Amendment 265 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Is concerned that as Member States sell increasing amounts of sovereign bonds, their share in banks’ balance sheets grows, potentially aggravating the doom loop; considers that the creation of Next Generation EU will provide high-quality European assetsunderscores the need, in this context, to modify incentives for banks so that they scale back their investment in public bonds, thus breaking the doom loop;
Amendment 277 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. NotWelcomes the efforts of the SSM to provide guidance and clarity to banks for self-assessing and appropriately reporting environmental and climate change-related risks; considers the SSM climate risk stress test an important step in evaluating banks’ practices and identifying concrete areas of improvement;
Amendment 286 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Notes the EBA’s role in leading, coordinating and monitoring the EU financial sector’s fight against money laundering and terrorist financing; and looks forward to the Commission’s proposal on Anti Money Laundering regulation;
Amendment 303 #
Motion for a resolution
Paragraph 28 a (new)
Paragraph 28 a (new)
28 a. Insists on holding banks solely responsible for their performance instead of letting taxpayers shoulder the burden of a crisis management framework, in particular of the new lending facility under the common backstop framework;
Amendment 317 #
Motion for a resolution
Paragraph 30
Paragraph 30
30. Considers it necessary to have in place an EU liquidation regimehat for banks for which the SRB assesses that there is no public interest in resolution are liquidated under national insolvency rules;
Amendment 337 #
Motion for a resolution
Paragraph 33
Paragraph 33
33. Considers it necessary toSees merits in reviewing the public interest assessment in order to allow resolution tools to be applied to a broader group of banksenhance transparency;
Amendment 354 #
Motion for a resolution
Paragraph 35
Paragraph 35
35. Notes the importance of depositors across the Banking Union enjoying the same level of protection of their savings; takes note of the Commission proposal to further strengthen citizens’ confidence in the protection of deposits by introducing an EDISthe Banking Union not being improperly used as a pretext for direct or indirect transfers;
Amendment 362 #
Motion for a resolution
Paragraph 35 a (new)
Paragraph 35 a (new)
35a. Notes that risk reduction, without which there can be no risk sharing, has not taken place to a sufficient extent to date, as can be seen, for example, from Member States' NPL ratios, which differ significantly;
Amendment 368 #
Motion for a resolution
Paragraph 36
Paragraph 36
36. Notes the Commission’s launch of the review of the CMDI framework, including the option of a hybrid EDIS; stresses that the review must not be made at the expense of the well-functioning national Deposit Guarantee Systems and Institutional Protection Schemes;
Amendment 379 #
Motion for a resolution
Paragraph 36 c (new)
Paragraph 36 c (new)
36 c. Notes that further development of an EDIS should be linked to Assets Quality Reviews and risk reduction in the banking sector;