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European Parliament 2014-2019 Committee on Economic and Monetary Affairs 2015/0270(COD) 20.12.2016 AMENDMENTS 92 - 342 Draft report Esther de Lange (PE592.334v03-00) on the Proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 806/2014 in order to establish a European Deposit Insurance Scheme Proposal for a regulation (COM(2015)0586 – C8-0371/2015 – 2015/0270(COD)) AM\1113004EN.docx PE595.742v01-00 EN United in diversity EN AM_Com_LegReport PE595.742v01-00 2/156 AM\1113004EN.docx EN Amendment 92 Gerolf Annemans Proposal for a regulation – Proposal for a rejection The European Parliament rejects the Commission proposal. Or. nl Justification On a continent where major disparities exist, there is too much uncertainty as to the scale and extent that risks may spread under the EDIS. The EDIS could grow into a transfer mechanism without this being counterbalanced by sufficient responsibility on the part of the insured. The problem of moral hazard is as yet very far from being solved. The aspiration to harmonise national guarantee systems will unnecessarily impair them. The decision to introduce the EDIS is, therefore, not a balanced one. Amendment 93 Beatrix von Storch Draft legislative resolution Citation 2 Draft legislative resolution Amendment — having regard to Article 294(2) and — having regard to Article 115 of the Article 114 of the Treaty on the Treaty on the functioning of the European Functioning of the European Union, Union, pursuant to which the Commission submitted the proposal to Parliament (C8- 0371/2015), Or. de AM\1113004EN.docx 3/156 PE595.742v01-00 EN Amendment 94 Beatrix von Storch Draft legislative resolution Citation 3 Draft legislative resolution Amendment — having regard to Article 294(3) of — having regard to Articles 294(2) the Treaty on the Functioning of the and (3) of the Treaty on the Functioning of European Union, the European Union, Or. de Amendment 95 Sylvie Goulard Draft legislative resolution Citation 3 a (new) Draft legislative resolution Amendment – having regard to the opinion of the European Central Bank of 20 April 2016, Or. en Amendment 96 Philippe Lamberts on behalf of the Verts/ALE Group Proposal for a regulation Title 1 Text proposed by the Commission Amendment Proposal for a Proposal for a REGULATION OF THE EUROPEAN REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) 806/2014 in amending Regulation (EU) 806/2014 and order to establish a European Deposit amending Directive 2014/49/EU in order Insurance Scheme to establish a European Deposit Insurance Scheme Or. en PE595.742v01-00 4/156 AM\1113004EN.docx EN Amendment 97 Burkhard Balz Proposal for a regulation Title 1 Text proposed by the Commission Amendment Proposal for a Proposal for a REGULATION OF THE EUROPEAN REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) 806/2014 in amending Regulation (EU) 806/2014 and order to establish a European Deposit Directive 2014/59/EU in order to establish Insurance Scheme a European Deposit Insurance Scheme Or. en Amendment 98 Alain Cadec Proposal for a regulation Title 1 Text proposed by the Commission Amendment REGULATION OF THE EUROPEAN REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) 806/2014 in amending Regulation (EU) 806/2014 in order to establish a European Deposit order to establish a European Deposit Insurance Scheme Reinsurance Scheme Or. en Amendment 99 Beatrix von Storch Proposal for a regulation Citation 1 Text proposed by the Commission Amendment Having regard to the Treaty on the Having regard to Article 115 of the Treaty AM\1113004EN.docx 5/156 PE595.742v01-00 EN Functioning of the European Union, and in on the Functioning of the European Union, particular Article 114 thereof, Or. de Amendment 100 Marco Valli, Marco Zanni Proposal for a regulation Recital 1 Text proposed by the Commission Amendment (1) Over the past years, the Union has deleted made progress in creating an internal market for banking services. A better integrated internal market for banking services is essential in order to foster economic growth in the Union, to safeguard the stability of the banking system and to protect depositors. Or. it Amendment 101 Marco Valli, Marco Zanni Proposal for a regulation Recital 2 Text proposed by the Commission Amendment (2) On 18 October 2012, the European deleted Council concluded that "In the light of the fundamental challenges facing it, the Economic and Monetary Union (EMU) needs to be strengthened to ensure economic and social welfare as well as stability and sustained prosperity" and "that the process towards deeper economic and monetary union should build on the Union institutional and legal framework and be characterised by openness and transparency towards Member States whose currency is not the PE595.742v01-00 6/156 AM\1113004EN.docx EN euro and by respect for the integrity of the internal market". To that end, the Banking Union has been established, underpinned by a comprehensive and detailed single rulebook for financial services for the internal market as a whole. The process towards establishing the Banking Union has been characterised by openness and transparency towards non-participating Member States and by respect for the integrity of the internal market. Or. it Amendment 102 Marco Valli, Marco Zanni Proposal for a regulation Recital 3 Text proposed by the Commission Amendment (3) The European Parliament, in its deleted resolution of 20 November 2012 'Towards a genuine Economic and Monetary Union', also stated that breaking the negative feedback loops between sovereigns, banks and the real economy is crucial for a smooth functioning of the EMU, stressed the urgent need for additional and far-reaching measures for the realisation of a fully operational Banking Union, while ensuring the continued proper functioning of the internal market for financial services and the free movement of capital. Or. it Amendment 103 Marco Valli, Marco Zanni Proposal for a regulation Recital 4 AM\1113004EN.docx 7/156 PE595.742v01-00 EN Text proposed by the Commission Amendment (4) While key steps have been made deleted towards ensuring the efficient functioning of the Banking Union, with the Single Supervisory Mechanism (the 'SSM') established by Council Regulation (EU) No 1024/201311 ensuring that the Union's policy relating to the prudential supervision of credit institutions in the euro area Member States and those non euro area Member States who choose to participate in the SSM (the 'participating Member States') is implemented in a coherent and effective manner and with the Single Resolution Mechanism (the ‘SRM’) established by Regulation (EU) No 806/2014 ensuring a consistent framework for the resolution of banks that are failing or likely to fail in the participating Member States, further steps are still needed to complete the Banking Union. ___________________ 11 Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (OJ L 287, 29.10.2013, p. 63). Or. it Amendment 104 Sander Loones Proposal for a regulation Recital 4 Text proposed by the Commission Amendment (4) While key steps have been made (4) While key steps have been made towards ensuring the efficient functioning towards ensuring the efficient functioning of the Banking Union, with the Single of the Banking Union, with the Single Supervisory Mechanism (the 'SSM') Supervisory Mechanism (the 'SSM') PE595.742v01-00 8/156 AM\1113004EN.docx EN established by Council Regulation (EU) No established by Council Regulation (EU) No 1024/201311 ensuring that the Union's 1024/201311 ensuring that the Union's policy relating to the prudential supervision policy relating to the prudential supervision of credit institutions in the euro area of credit institutions in the euro area Member States and those non euro area Member States and those non euro area Member States who choose to participate Member States who choose to participate in the SSM (the 'participating Member in the SSM (the 'participating Member States') is implemented in a coherent and States') is implemented in a coherent and effective manner and with the Single effective manner and with the Single Resolution Mechanism (the ‘SRM’) Resolution Mechanism (the ‘SRM’) established by Regulation (EU) No established by Regulation (EU) No 806/2014 ensuring a consistent framework 806/2014 ensuring a consistent framework for the resolution of banks that are failing for the resolution of banks that are failing or likely to fail in the participating Member or likely to fail in the participating Member States, further steps are still needed to States, further steps are still needed to complete the Banking Union. reduce overall risks and risks specific to national banking systems before the Banking Union could be completed. __________________ __________________ 11 Council Regulation (EU) No 1024/2013 11 Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific of 15 October 2013 conferring specific tasks on the European Central Bank tasks on the European Central Bank concerning policies relating to the concerning policies relating to the prudential supervision of credit institutions prudential supervision of credit institutions (OJ L 287, 29.10.2013, p. 63). (OJ L 287, 29.10.2013, p. 63). Or. en Amendment