35 Amendments of Wolf KLINZ related to 2012/2151(INI)
Amendment 160 #
Motion for a resolution
Recital X
Recital X
X. whereas from a democratic point of view it is incomprehensiand in the light of all provisions of the Lisbon Treaty it is unacceptable that the President of the European Parliament, who represents more than 502 million European citizens, has not been involved in the drafting of the report of 26 June 2012 of the President of the European Council, in collaboration with the Presidents of the European Commission, the Eurogroup and the European Central Bank, entitled ‘Towards a Genuine Economic and Monetary Union’;
Amendment 163 #
Motion for a resolution
Recital X a (new)
Recital X a (new)
Xa. whereas the step undertaken by the President of the European Council gives the impression that the representatives of the Council try to collect all legislative initiative, legislative and enforcement powers in one hand;
Amendment 172 #
Motion for a resolution
Recital Z a (new)
Recital Z a (new)
Za. whereas the Council should strengthen its efforts to close negotiations with the European Parliament in many key dossiers for the financial regulation and stability;
Amendment 233 #
Motion for a resolution
Recital AM
Recital AM
AM. whereas the Union would benefit from proposals that introduce a single European supervisory mechanism for financial institutions, a single European deposit guarantee scheme and a single European recovery and resolution scheme;
Amendment 322 #
Motion for a resolution
Recital BC
Recital BC
BC. whereas deposit guarantee schemes are only one type of instrument which should guarantee financial stability; whereas they are part of a larger financial safety net consisting of regulation, prudential supervision, deposit protection and a lender of last resort, recovery and resolution;
Amendment 335 #
Motion for a resolution
Recital BF
Recital BF
BF. whereas after the increase of the deposit protection to a uniform Union level of EUR 100 000 the current Commission proposal for a European system of deposit guarantees is another step in the right direction; whereas the Commission proposal mainly aims at the harmonisation of national systems in the area of the offered guarantees as well as their financing;
Amendment 341 #
Motion for a resolution
Recital BG
Recital BG
Amendment 350 #
Motion for a resolution
Recital BH
Recital BH
Amendment 370 #
Motion for a resolution
Recital BJ
Recital BJ
BJ. whereas a single European recovery and resolution authority (ERRA) should be established, preferably in parallel with in the years following the introduction of the single supervisory mechanism, for restoring the viability of banks in difficulties and resolving non- viable financial institutions;
Amendment 376 #
Motion for a resolution
Recital BK
Recital BK
BK. whereas the ERRA, once fully operational, will be able to work more efficiently, more promptly and more consistently than a network of national recovery and resolution authorities, avoiding the negative consequences of purely national decisions, breaking the negative feedback loop between banks and sovereigns and eliminating the need for ad hoc intergovernmental crisis solutions;
Amendment 378 #
Motion for a resolution
Recital BL
Recital BL
Amendment 382 #
Motion for a resolution
Recital BM
Recital BM
Amendment 390 #
Motion for a resolution
Recital BO
Recital BO
Amendment 396 #
Motion for a resolution
Recital BP
Recital BP
BP. whereas it is necessary for the protection of private savings to keep separate European funds for deposit guarantee and recovery and resolution;
Amendment 401 #
Motion for a resolution
Recital BQ
Recital BQ
BQ. whereas European resolution and deposit guarantee mechanisms should have a strong financial structure built on contributions from the industry, with European public money only serving as an ultimate backstop;
Amendment 405 #
Motion for a resolution
Recital BR
Recital BR
Amendment 453 #
Motion for a resolution
Recital BZ
Recital BZ
Amendment 468 #
Motion for a resolution
Recital CA
Recital CA
Amendment 475 #
Motion for a resolution
Recital CB
Recital CB
Amendment 490 #
Motion for a resolution
Recital CC
Recital CC
CC. whereas the European Semester offers a goodn appropriate framework to coordinate economic policies implemented at national level in line with the country-specific recommendations adopted by the Council;
Amendment 499 #
Motion for a resolution
Recital CD
Recital CD
CD. whereas fiscal discipline is a necessary but not a sufficient condition to get out of the crisis,needs to go hand in hand with in-depth structural reforms and initiatives are also neein ordedr to ensure a qualitative and sustainable growth and employment in a socially just society;
Amendment 506 #
Motion for a resolution
Recital CE
Recital CE
Amendment 518 #
Motion for a resolution
Recital CG
Recital CG
CG. whereas it is up to the Member States need to deliver without delay on the agreed reforms in their national reform programmes;
Amendment 529 #
Motion for a resolution
Recital CH
Recital CH
CH. whereas the instrument of enhanced cooperation should be used more frequently in the field of taxation; whereas reference can be made to the European Parliament's position on the common consolidated corporate tax base (CCCTB) and the financial transactions tax (FTT);
Amendment 628 #
Motion for a resolution
Annex – part 1 – point 1.1 – paragraph 1
Annex – part 1 – point 1.1 – paragraph 1
The legislative act to be adopted should create a high-quality single European supervisory mechanism withinclose to, but not under the roof of the ECB (European supervisor) to ensure the effective application of prudential rules, risk control and crisis prevention concerning credit institutions and other financial institutions throughout the Union.
Amendment 649 #
Motion for a resolution
Annex – part 1 –p 1.1 – paragraph 7
Annex – part 1 –p 1.1 – paragraph 7
The European supervisor needs to be accountable to the European Parliamentgroup of Members of the competent committee of the European Parliament from countries participating in the European supervisor for the actions and decisions taken in the field of European supervision and should report on a quarterlyregular basis to the competent committee of the European Parliament.
Amendment 681 #
Motion for a resolution
Annex – part 1 – point 1.1 – paragraph 9 a (new)
Annex – part 1 – point 1.1 – paragraph 9 a (new)
The split of the Union through the participation of some but not all Member States in the banking union should be avoided and despite the enhanced integration of the euro zone the internal market in the financial sector must be preserved;
Amendment 684 #
Motion for a resolution
Annex – part 1 – point 1.2 – title
Annex – part 1 – point 1.2 – title
Recommendation 1.2 relating to a European deposit guarantee schemes and recovery and resolution framework
Amendment 691 #
Motion for a resolution
Annex – part 1 – point 1.2 – paragraph 1
Annex – part 1 – point 1.2 – paragraph 1
The European Parliament considers that the legislative act to be adopted should aim to regulate as follows: The legislative act to be adopted should update and supplement the Commission's proposals of 12 July 2010 for a directive on Deposit Guarantee Schemes in order to introduce a stronger European dimension to deposit protection, 6 June 2012 for a directive on Recovery and Resolution framework and of 12 July 2010 on Investor Protection Schemes should be finalised in the ordinary legislative procedure as soon as possible.
Amendment 692 #
Motion for a resolution
Annex – part 1 – point 1.2 – paragraph 2
Annex – part 1 – point 1.2 – paragraph 2
Amendment 698 #
Motion for a resolution
Annex – part 1 – point 1.2 – paragraph 3
Annex – part 1 – point 1.2 – paragraph 3
Amendment 702 #
Motion for a resolution
Annex – part 1 – point 1.2 – paragraph 4
Annex – part 1 – point 1.2 – paragraph 4
Amendment 707 #
Motion for a resolution
Annex – part 1 – point 1.2 – paragraph 5
Annex – part 1 – point 1.2 – paragraph 5
Amendment 711 #
Motion for a resolution
Annex – part 1 – point 1.2 – paragraph 6
Annex – part 1 – point 1.2 – paragraph 6
Amendment 718 #
Motion for a resolution
Annex – part 1 – point 1.3
Annex – part 1 – point 1.3