13 Amendments of Enikő GYŐRI related to 2024/2055(INI)
Amendment 13 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas the main objective of the BU is to safeguard the stability of the banking sector in Europe and prevent the need to bail out banks at risk of failure with taxpayers' money;
Amendment 19 #
Motion for a resolution
Recital B
Recital B
B. whereas a completedbetter governance of the BU would improve the competitiveness, profitability and stability of the banking sector and consumer choice, and facilitate access to financing;
Amendment 25 #
Motion for a resolution
Recital C
Recital C
C. whereas fragmentation and the lack of cross-border consolidation of the EU banking secit still appears difficult for savers and investors to open savings accounts and purchase other banking products in banks of Member States of which those savers and investor is affecting its global competitivenesre not residents or nationals; whereas the profitability gap between EU and US banks has widened;
Amendment 50 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Asks the Commission to ensure that the completionbetter governance of BU remains a key priority; highlights that this project offers households and SMEs access to broader funding, increases financial stability, reduces the impact of economic downturns, funds the transition to a green and digital economy and unlocks the EU’s growth potentiainvestments in the real economy and unlocks the EU’s growth potential, on condition that it respects the specificities of Member States' banking systems, avoids one-size-fits-all solutions, ensures that financial stability is not undermined by the costs of the green and digital transition, and avoids reckless behaviour resulting from risk-mutualisation at the European level;
Amendment 58 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Stresses that cyber resilience is essential for European banks to remain competitive, especially in the context of geopolitical tensions and the rise in the number of cyber attacks on critical infrastructure in the EU;
Amendment 91 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Notes that the creation of a separate jurisdiction for EU banks with substantial cross-border operations13would help to complete the BU; is unnecessary, and risks undermining national supervision; stresses the importance of proportionality and argues that only large systemic banks should be under EU supervision, as is currently the case, while other banks should remain under national supervision; _________________ 13 Draghi report, p. 61.
Amendment 118 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. WelcomNotes the adoption by co- legislators of the new banking package implementing Basel III standards in the EU; stresses that the Commission should evaluate thoroughly whether a delay in its implementation is necessary to maintain the competitiveness of EU banks, especially in the context of developments in the United States; 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 153 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Notes that the current levels of banking sector profitability may provide an opportunity for some Member States to implement additional targeted increases in macroprudential buffers and help to preservonly after a thorough impact assessment to ensure these measures do not hinder access to credit, disproportionately affect SMEs, or undermine the competitiveness of the banking sector resilience;
Amendment 160 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Instructs the ECB to calculate the cost of compliance with CSDDD, CSRD and other green and sustainability legislation, paying particular attention to the cost of consultancy fees necessary to comply with these obligations;
Amendment 175 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Calls on the SSM to investigate whether the UK Government's decision in October 2023 to abolish the bonus cap is encouraging UK bankers and fund managers to adopt riskier behaviour, and whether this decision is leading to a brain drain from European to UK banks;
Amendment 187 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Highlights the importance of preserving shareholders’ and creditors’ primary responsibility for bearing losses in the event of a bank’s failure, which is still a key lesson learned from the global financial crisis; stresses that the bail-in of shareholders and creditors must remain the mainany deviation from this principle must be strictly exceptional, justified only in cases where financial stability is at risk, and subject to rigorous oversight; emphasises that bail- in mechanisms shource for resolution financingld be strengthened to ensure shareholders and creditors fully absorb losses before any recourse is made to industry- funded sources or public intervention;
Amendment 218 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Welcomes the factNotes that the Single Resolution Fund has now been built up; calls for the full ratification of, and that the Amending Agreement to the ESM Treaty by all Member States, including the establishment of a common backstop to the Single Resolution Fundhas not yet been ratified by all Member States;
Amendment 222 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Highlights the need for additional efforts to ensure full resolvability for all banks falling under the scope of resolution; recalls that achieving resolvability cannot be considered a ‘moving target’ and therefore calls for more standardisation and harmonisation of the resolvability assessmenta balanced approach that combines standardisation with flexibility to take into account the specificities of Member States' banking systems, while ensuring that harmonisation efforts do not disproportionately affect smaller or locally-focused banks;