16 Amendments of Margarida MARQUES related to 2023/2078(INI)
Amendment 12 #
Motion for a resolution
Recital A
Recital A
A. whereas the Banking Union (BU), which currently encompasses the Single Supervisory Mechanism and the Single Resolution Mechanism, needhas to be supplemencompleted by the creation of a European deposit insurance scheme (EDIS) in order to mitigate risk exposure of the financial sector;
Amendment 18 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas an agreement was reached in 2020 on the creation of a backstop for the Single Resolution Fund (SRF), but has still not been implemented;
Amendment 24 #
Motion for a resolution
Recital B
Recital B
B. whereas a completed BU would improve the competitiveness and stability of the banking sector and consumer choice and facilitate access to financing whilst ensuring that public funds are not used to bail out the banking sector;
Amendment 26 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
B a. whereas a decade and a half after the financial crisis, banks are still ‘too big to fail’ and ‘too interconnected’ to fail;
Amendment 65 #
Motion for a resolution
Recital I a (new)
Recital I a (new)
I a. whereas the completion of the Capital Markets Union (CMU) requires the establishment of common rules and effective tools to reduce internal market fragmentation and facilitate access to alternative financing;
Amendment 87 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Highlights that the Banking Union remains an essential complement to the Economic and Monetary Union (EMU) and therefore the internal market;
Amendment 101 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Encourages the use of profits to build buffers, thus safeguarding the stability of the financial system; notes that the temporary suspension of dividend distribution and share buy back was effective in safeguarding banks’ resilience during the COVID-19 crisis; calls for the introduction of a binding limitation of dividend distribution and buy back in times of crisis;
Amendment 102 #
Motion for a resolution
Paragraph 6
Paragraph 6
Amendment 122 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Restates the importance of a European 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; considers that NextGeneration EU provides high-quality, low-risk European assets, allowing for a rebalancing of sovereign bonds on banks’ balance sheets; highlights the importance of preserving the availability of safe assets in a permanent manner;
Amendment 146 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Acknowledges the progresses made over the last 15 years through the establishement of the Single Supervisory Mechanism (SSM) and Single Resolution Mechanism (SRM) ; calls for the total completion of the Banking Union, particularly through the setting up of a fully-fledged European Deposit Insurance Scheme (EDIS);
Amendment 189 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Welcomes the proposal to reform the CMDI framework following calls by Parliament; calls for the scope of resolution to be expanded, clarification of public interest assessments and for the scope of State aid to be limited; considers that financial stability is better preserved if small and medium-size banks with a positive public interest assessment have access to the EU-level resolution framework;
Amendment 190 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Welcomes the proposal to reform the CMDI framework following calls by Parliament; calls for the scope of resolution to be expanded, clarification of public interest assessments and for the scope of State aid to be limited; recalls that the CMDI framework must not preclude the establishment of EDIS;
Amendment 193 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20 a. Stresses that financial institutions benefitting from direct State aid measures must refrain from dividend distribution, share buybacks and variable remuneration payments; calls for this temporary limitation to be established in a legally binding form;
Amendment 209 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Welcomes the Commission’s efforts to clarify the scope of depositor protection and increase convergence through a reform of 2014/49/EU on deposit guarantee schemes3 ; warns that the CMDI review cannot be considered a replacement for EDIS; considers that this review should pave the way toward the establishment of EDIS; _________________ 3 OJ L 173, 12.6.2014, p. 149.
Amendment 214 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Underlines the need for risk-based contributions to EDISa fully-fledged EDIS that enables loss absorption; calls for institutional protection schemes to be taken into account, while preserving the level playing field within the Single Market; calls for an assessment of bank asset quality; recommends starting with the pooling of liquidity and a gradual build-up of funds;
Amendment 221 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Notes that effective risk reduction is key for EDISWelcomes the significant progress in risk reduction; regrets, on the other hand, the limited progress regarding risk sharing; reminds the analysis of the SSM, stating that ‘the implementation of EDIS should not be linked to further risk reduction benchmarks’; highlights that the CMDI review provides co-legislators with an opportunity to resume negotiations on EDIS;