Activities of Pervenche BERÈS related to 2016/2247(INI)
Plenary speeches (1)
Banking Union - Annual Report 2016 (debate) FR
Amendments (15)
Amendment 35 #
A. whereas the establishment of the Banking Union has been a fundamental step taken towards the completion of a genuine Economic and Monetary Union; whereas further efforts are needed as the Banking Union remains incomplete as long as it lacks a fiscal backstop and the Third Pillar of a European Deposit Insurance scheme;
Amendment 44 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas a completed Banking Union will be an important contribution to breaking the sovereign-risk nexus;
Amendment 103 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes the high level of non- performing loans (NPLs) in some jurisdictions; considers that this issue is crucial and has yet to be solved at the Union and national level; welcomes the work of the SSM and its draft guidance on this issue; looks forward to the results of the work on a minimum EU insolvency framework; calls on Member States to improve their insolvency legislation and to stimulate growth in order to tackle NPLs;
Amendment 126 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Considers that there are risks associated with sovereign debtsovereign debt, while potentially generating a range of risks, plays a significant role in the economy, notably in the conduct of monetary policy; notes, however, that modifying its prudential treatment could have a significant effect on the financial sector and on sovereigns, which calls for caution in reform efforts; awaits with interest the results of the international work on this issue; considers that, in the end, a better regulatory framework, be it European or international, will be need and will consider subsequently whether and how the regulatory framework could be improved;
Amendment 129 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Considers that there are risks associated wiStresses the importance of the objective of the Banking Union to break the sovereign debt; notes, however,-risk nexus; notes that modifying its prudential treatment could have a significantly negative effect on the financial sector, which calls for caution in reform efforts; awaits with interest the results of the international work on this issue; considers that, in the end, a betterEU regulatory framework, be it European or international, will be neede should be consistent with the international standard;
Amendment 158 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Points out that guidance provided by international fora should be used in order to avoid the risk of regulatory fragmentation; , but recalls the Parliament's resolution of 23 November 2016 on the finalisation of Basel III which recalled that the current revision should not bring about a significant increase in overall capital requirements, and underlined the principle of the BCBS to promote the level playing field at the global level by mitigating - rather than exacerbating - the differences between jurisdictions and banking models, and by not unduly penalising the EU banking model;
Amendment 200 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that the ‘too-big-to-fail’ issue still needs to be addresseda set of policy measures designed at the international level to address the risks of 'too-big-to-fail' financial institutions have been agreed (notably TLAC, central clearing of derivatives, capital and leverage ratio add- on for globally systemic banks); is committed to work swiftly on the corresponding legislative proposals for their implementation in the Union;
Amendment 256 #
Motion for a resolution
Paragraph 9 d (new)
Paragraph 9 d (new)
9d. Recalls the need to dedicate more ECB personnel to the SSM to avoid over- reliance on staff from NCAs which potentially jeopardises the ECB supervisory tasks; welcomes the ECB's cooperation with the European Parliament on staff working conditions; underlines the importance of a good working environment that fosters professional cohesion in the ECB;
Amendment 261 #
Motion for a resolution
Paragraph 9 f (new)
Paragraph 9 f (new)
9f. Welcomes the establishment of national systemic risk boards; stresses that the establishment of the Banking Union reinforces the need to strengthen macro-prudential policy at the European level in order to properly address potential cross-border spill-overs of systemic risk;
Amendment 268 #
Motion for a resolution
Paragraph 9 j (new)
Paragraph 9 j (new)
9j. Points out that in the current environment non-banks are increasingly expanding their assets and, taking into account that they tend to be very sensitive to crises, encourages expanding regulation to all banking activities;
Amendment 293 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
Amendment 368 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Is aware of the potential benefnecessitsy of an EDIS; is nevertheless of the opinion that risk reduction measures are an indispensable counterparty to its establishment in order toto prevent moral hazard; points out the progress made in risk reduction since the establishment of the Banking Union in particular with the SSM and the SRM and the wide range of prevudent moral hazard, and that such measures should preferably precede risk sharingial measures which have been taken with respect to banks; is of the opinion that risk sharing measures should now proceed speedily;
Amendment 371 #
19. Is awareconvinced of the potential benefits of an EDIS; is nevertheless of the opinion that risk reduction measures are an indispensable counterparty to its establishment in order to prevent moral hazard, and that such measures should preferably precedeshould go hand in hand with risk sharing;
Amendment 427 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Welcomes the establishment of loan facility agreements between the SRF and the Banking Union Member States; is of the opinion, nevertheless, that this solution is not sufficient to do away with the bank-sovereign vicious circle and that the work on a common fiscal backstop for the SRF, which should be fiscally neutral over the medium term, should continue step by step; calls for a more robust mutualised credit line via the European Stability Mechanism (ESM); reaffirms the need to have the common backstop fiscally neutral over the medium term and fully operational at the latest by the end of 2024 as agreed within the agreement on the SRF and confirmed by the European Council in June 2016; Calls on the Council and the Commission to speed up the work on this issue;
Amendment 434 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Is of the opinion that in order to restore trust, a fiscal backstop needs to work for the Banking Union as a whole;