Activities of Pervenche BERÈS related to 2018/2100(INI)
Plenary speeches (1)
Banking Union - Annual report 2018 (debate) FR
Amendments (6)
Amendment 38 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the achievements of the Banking Union in fostering a truly single market, a level playing field, financial stability and predictability for market actors; considers that a fully completed Banking Union will further strengthen financial stability and growth prospects in the EU; recalls that the European Deposit Insurance Scheme (EDIS) remains a fundamental pillar of the Banking Union which completion is overdue; reiterates the need to finalise the common backstop to the Single Resolution Fund (SRF); stresses that EDIS and the fiscal backstop are key to ensuring a credible and efficient resolution framework and the ability to cope with systemic crisis in the Banking Union;
Amendment 78 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes the results of the EBA’s EU- wide stress test; believes that stress tests should be interpreted in combination with other on-going supervisory monitoring activities; calls on the SSM, EBA and ESRB to use consistent methodologies when defining the stress test in order to ensure full transparency on this procedure;
Amendment 91 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Highlights that sovereign debt is not risk-free; tTakes note of the on-going work of the Basel Committee on Banking Supervision (BCBS) on sovereign risk; is concerned by the fact that some financial institutions are heavily invested in their own sovereign debt; calls on the Commission to assess whether to introduce risk weighting on sovereign bonds or exposure limits in the EUstresses that the EU regulatory framework on prudential treatment of sovereign debt should be consistent with international standards;
Amendment 128 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Remains concerned about the spreadextent of shadow banking in the EU; recalls that at the problem needs to be addressed at both EU and global levelend of 2017 it accounted for around 40% of the EU financial system; encourages authorities to continue vigilantly monitoring the risks posed by these activities and to address them as soon as possible in order to ensure fair competition, transparency and financial stability; calls on the Commission to urgently identify remaining gaps in the current regulations;
Amendment 143 #
Motion for a resolution
Paragraph 17 b (new)
Paragraph 17 b (new)
17b. Takes note of the Resolution of Banco Popular, the first Single Resolution Board resolution case, commonly considered a “text-book like” resolution; stresses, nonetheless, that lessons need to be taken on transparency and access to and clarity of the information provided after resolution; calls upon the SRB to do a "mea culpa" exercise to avoid repeating the same faults in future cases;
Amendment 149 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Welcomes the agreement reached at the Euro Summit meeting of 29 June 2018 that the European Stability Mechanism (ESM) will provide the common backstop to the Single Resolution Fund (SRF) and be turnthat the ESM will be reformed into a true European Monetary Fund (EMF) based on strict conditions ensuring responsibility and the principle of avoiding moral hazard; stresses the need for proper democratic scrutiny; asks the EMF to be transformed into a genuine European Stability Fund (ESF) and recalls Parliament’'s position that the EMF should beo fully incorporated it into the Union's institutional framework; urges its quick adoption;