Activities of Elisa FERREIRA related to 2015/2221(INI)
Plenary speeches (2)
Banking Union - Annual report 2015 (debate) PT
Banking Union - Annual report 2015 (debate)
Amendments (7)
Amendment 150 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that an increase in capital requirements, beyond a certain threshold, may in the short term create unintended consequences and induce banks to curtail the supply of credit, and therefore looks forward to an overall stabilisation of the level of capital;
Amendment 244 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Encourages the conclusion of a memorandum of understanding (MoU) on mutual cooperation and data sharing between the SRB and the ECBSSM as single supervisor, in order to increase efficiency and avoid double reporting for banks, while allowing the SRB to have access to the data necessary to fulfil its institutional mandate;
Amendment 265 #
Motion for a resolution
Paragraph 35
Paragraph 35
35. Calls on Member States to fully and swiftly implement the Bank Recovery and Resolution Directive (BRRD) and the intergovernmental agreement (IGA) on transfer and mutualisation of contributions to the Single Resolution Fund; regrets the decision to set up the fund through an IGA rather than through Union law; calls for a quick integration of the IGA into the framework of EU law as stated in the 5 Presidents' report.
Amendment 284 #
Motion for a resolution
Paragraph 36
Paragraph 36
36. Stresses the need, as a consequence of the existence of the national compartments in the SRF, to rapidly put in place an adequate bridge financing mechanism in order to provide the fund, if necessary, with sufficient resources in the period before its completion and guarantee the effective separation between banks and sovereigns; recalls that the Eurogroup and the Ecofin ministers identified, in their statement of 18 December 2013, the possibility of having recourse to both national sources and the European Stability Mechanism (ESM), and considers the latter the most effective and credible solution, which could be implemented either through a swift revision of the ESM treaty or through appropriate implementation of the provisions of Article 13 thereof;
Amendment 296 #
Motion for a resolution
Paragraph 37
Paragraph 37
37. WelcomNotes, nonetheless, the progress made so far in securing public bridge finECOFIN statement of 8 December 2015 that promises a harmonised Loan facility Agreement between the Single Resolution Board and all Member States participating in the Bancking to help ensure the availability of funds for concrete resolution through national resources; underlines, however, that the specificities of the arrangements currently being discussed (uncommitted credit lines, prior national approval, staggered payments) may reduce the usefulness of public bridge financingUnion, that will provide from the beginning of 2016, a national individual credit line to the SRB to back every national compartment in the SRF in case of funding shortfalls; notes that the maximum aggregate amount of these credit lines is EUR 55bn and that the whole system of credit lines is fiscally neutral; questions however the appropriateness of this arrangement in severing the link between banks and national budgets;
Amendment 312 #
Motion for a resolution
Paragraph 38
Paragraph 38
38. Recalls that the credibility of the BU, and in particular of bail-in and single resolution provisions, requires a common backstop in order to be able to support the SRF, if necessary, beyond its capacity of EUR 55 billion, and considers that its setting-up should start swiftly and be based on the ESM; welcomes in that context the ECOFIN statement of 8 December 2015 that reiterates its commitment to develop this common backstop urging the Council to ensure its full operation ability as soon as possible;
Amendment 332 #
Motion for a resolution
Paragraph 40
Paragraph 40
40. Welcomes the Commission’s announcement regarding the presentation of a legislative proposal for the first steps towards a European Deposit Insurance Scheme (EDIS) by establishing a reinsurance mechanism at EU level for the national deposit guarantee schemes immediately but regrets that a truly common DGS will only be in place in 2024;