14 Amendments of Engin EROGLU related to 2024/2055(INI)
Amendment 35 #
Motion for a resolution
Recital E
Recital E
E. whereas in April 2024, despite various concerns, it adopted its position on the review of the crisis management and deposit insurance framework;
Amendment 38 #
Motion for a resolution
Recital F
Recital F
F. whereas in April 2024, its Committee on Economic and Monetary Affairs adopted a report on the Commission’s proposal to establish a European deposit insurance scheme with excessive haste, without allowing enough room for the intensive discussion required;
Amendment 52 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Asks the Commission to ensure that the completion of BU remains a key priority; highlight, but underlines that this project must not come at the expense of small, regionally-oriented banks, and thus 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;
Amendment 54 #
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, gives additional investment opportunities, funds the transition to a green and digital economy and unlocks the EU’s growth potential;
Amendment 64 #
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, and should be open to other partner countries like Switzerland, the UK or the USA;
Amendment 68 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Highlights that different banking models, both regionally focused banks and cross-border institutions should coexist within the Banking Union, providing tailored services for both households, SMEs and big corporates;
Amendment 74 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Regrets that EU banks’ ability to finance major investments is constrained by higher costs, smaller scalebureaucracy and lower profitability that is not sufficient to ensure their competitiveness, calls for a review to simplify the regulatory framework;
Amendment 79 #
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 but also remains mindful of the ‘too big to fail’ risk;
Amendment 103 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Underlines that financial literacy is essential in modern economies, contributing to the resilience of the banking systems across Member States and encouraging cross-border financial activity;
Amendment 107 #
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5 b. Reminds that the Banking Union also entails alternative financing solutions especially for SMEs such as factoring or commercial finance; notes that, in addition to traditional loans, diverse sources of financing can be beneficial for EU growth and EU competitiveness, and recognises the low- risk nature of asset-backed financing solutions;
Amendment 180 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. WelcomeQuestions twhe objective ofther 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 enhances financial stability, taxpayer protection and, in particular, depositor confidence; notes that small banks do not pose any risks to financial stability and should therefore be out of scope;
Amendment 252 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Underlines the necessity to take the specifics of institutional protection schemes into account and preserve their functioning by removing these institutions from the scope of EDIS;
Amendment 256 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Takes note ofWelcomes the Eurogroup statement of 16 June 2022 on the future of the BU;
Amendment 268 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. 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; stresses that capital requirements must reflect the actual risk borne by banks in the market;