14 Amendments of Billy KELLEHER related to 2024/2055(INI)
Amendment 92 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Notes thatCalls for detailed analysis of the creaoption of a separate jurisdiction for EU banks with substantial cross-border operations13 in order to be able to accurately assess to what extent it would help to complete the BU; _________________ 13 Draghi report, p. 61.
Amendment 122 #
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; underlines the continued lack of clarity concerning implementation of the Basel III standards in some other jurisdictions and the risk of international level playing field issues that this could create; stresses that the Commission should evaluate thoroughly whether a delay in implementation is necessary to maintain the 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 128 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that, already within the existing regulatory framework, the banking sector has shown its resilience during the market events of recent years, and that the average Common Equity Tier 1 ratio has remained at high levels, at 15.81 %;
Amendment 150 #
Motion for a resolution
Paragraph 10
Paragraph 10
Amendment 151 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Notes that the current levels of banking sector profitability mayshould provide an opportunity for some Member States to implement additional targeted increases in macroprudential buffers and help to preserve banking sector resiliencebanks to increase their lending to the real economy and to engage in competitive product offerings;
Amendment 158 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Welcomes President von der Leyen's commitment to bring foward risk- absorbing measures to make it easier for commercial banks, investors and venture capital to finance fast-growing companies1a; notes that adjusting the risk appetite of European banks could unlock significant investment capital but this must be done in a way that does not pose a systemic risk or moral hazard; _________________ 1a Ursula Von der Leyen, Europe's Choice: Political Guidelines for the next European Commission 2024-2029, p.11, https://commission.europa.eu/document/d ownload/e6cd4328-673c-4e7a-8683- f63ffb2cf648_en?filename=Political%20G uidelines%202024-2029_EN.pdf
Amendment 165 #
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; stresses the importance of having sound, experienced and diverse management within the authority as the internal operations of the authority will significantly impact on its integrity and effectiveness;
Amendment 177 #
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;
Amendment 194 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Recalls that a sufficient minimum requirement for own funds and eligible liabilities is crucial for a credible resolution framework and for ensuring that resolution authorities have sufficient flexibility to effectively apply the resolution strategies needed in a specific crisis situation; warns that reductions in this minimum requirement, resulting from specific resolution strategies in the resolution planning phase, could hamper the resolvability of banks;
Amendment 240 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Notes that national deposit guarantee schemes have been introduced successfully and have proved their functionality in a number of cases; underlines the need to take specific national characteristics into account and to preserve the well-functioning systems for smaller banks that are already in place in some Member States;
Amendment 242 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Notes that national deposit guarantee schemes have been introduced successfully and have proved their functionality in a number of cases; underlines the need to take specific national characteristics into account and to preserve the well-functioning systemsconsiders that the introduction of a European Deposit Insurance Scheme should lead to a reduction of risk for smaller banks that are already in place in some Member Stateswithin the Banking Union; underlines that the contributions to a European Deposit Insurance Scheme should take into account the risk profile of each participating sector;
Amendment 246 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. Highlights that the European Deposit Insurance Scheme is the final missing pillar of the Banking Union and that disparate levels of depositor protection hinder the competitiveness of the sector;
Amendment 250 #
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 functioningCommends the significant progress made by the European Parliament in adopting a report at first reading; notes that the Parliament position is cognisant of and sensitive to the competing interests on establishing an EDIS and takes into account the specificities of national banking sectors, including institutional protection schemes;
Amendment 254 #
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23 a. Recalls that the European Parliament proposes the introduction of a liquidity only scheme in the first instance, building on the existing framework of national deposit guarantee schemes, and tasks the Commission with assessing the appropriateness of moving to a fully- fledged EDIS over time;