Sittings · Document
30.4.2025 A10-0044/3
Amendment 3
Rada Laykova
on behalf of the ESN Group
Report A10-0044/2025
Ralf Seekatz
Banking Union – annual report 2024
(2024/2055(INI))
Motion for a resolution
Recital L
Motion for a resolution
Amendment
L. whereas EU banks have withstood the impact of Russian aggression; whereas they play a pivotal role in ensuring the ongoing implementation of and compliance with the sanctions imposed by the EU against Russia in response to the invasion; whereas further coordination is needed to avoid circumvention of sanctions;
L. whereas EU banks have withstood the impact of the EU sanctions following the Russian aggression; whereas they play a pivotal role in ensuring the ongoing implementation of and compliance with the sanctions imposed by the EU against Russia in response to the invasion; whereas further coordination is needed to avoid circumvention of sanctions;
Or. en
30.4.2025 A10-0044/4
Amendment 4
Rada Laykova
on behalf of the ESN Group
Report A10-0044/2025
Ralf Seekatz
Banking Union – annual report 2024
(2024/2055(INI))
Motion for a resolution
Paragraph 1
Motion for a resolution
Amendment
1. Acknowledges the progress made over the last 10 years through the establishment of the Single Supervisory Mechanism (SSM) and Single Resolution Mechanism (SRM); notes that the BU will not be completed without the establishment of its third pillar, the European deposit insurance scheme;
1. Acknowledges the progress made over the last 10 years through the establishment of the Single Supervisory Mechanism (SSM) and Single Resolution Mechanism (SRM), while noting that their effectiveness in a financial crisis is still unproven;
Or. en
30.4.2025 A10-0044/5
Amendment 5
Sarah Knafo
on behalf of the ESN Group
Report A10-0044/2025
Ralf Seekatz
Banking Union – annual report 2024
(2024/2055(INI))
Motion for a resolution
Paragraph 10 a (new)
Motion for a resolution
Amendment
10a. Calls on the Commission, in the interest of budgetary seriousness and institutional simplification, not to create a new separate jurisdiction for Union banks carrying out significant cross-border operations;
Or. en
30.4.2025 A10-0044/6
Amendment 6
Rada Laykova
on behalf of the ESN Group
Report A10-0044/2025
Ralf Seekatz
Banking Union – annual report 2024
(2024/2055(INI))
Motion for a resolution
Paragraph 16
Motion for a resolution
Amendment
16. Notes the ECB’s progress on the digital euro and the parliamentary dialogue being held with the ECB on the topic; understands existing reservations, such as with regard to its offline functionality, given that offline transactions reduce visibility and impair financial crime prevention; recalls that the digital euro should complement, not replace, cash; considers that the decision on whether or not to introduce a digital euro is ultimately a political decision that has to be taken by the EU’s co-legislators, given the profound potential impact of this decision on a wide range of EU domains, including privacy, consumer protection, financial stability, financial policy and other areas that go beyond the strict remit of monetary policy;
16. Regrets the ECB’s focus on the digital euro despite the limited arguments for it; understands existing reservations; recalls that the digital euro should only complement, never replace, cash; considers that the decision on whether or not to introduce a digital euro is ultimately a political decision that has to be taken by the EU’s co-legislators, given the profound potential impact of this decision on a wide range of EU domains, including privacy, consumer protection, financial stability, financial policy and other areas that go beyond the strict remit of monetary policy; notes the recent prohibition on the establishment, issuance, circulation and use of a central bank digital currency within the jurisdiction of the United States;
Or. en
30.4.2025 A10-0044/7
Amendment 7
Rada Laykova
on behalf of the ESN Group
Report A10-0044/2025
Ralf Seekatz
Banking Union – annual report 2024
(2024/2055(INI))
Motion for a resolution
Paragraph 19
Motion for a resolution
Amendment
19. Recalls that the Banking Package contains a high number of mandates to the European Banking Authority; calls on the European Banking Authority to respect these mandates;
19. Recalls that the Banking Package contains a high number of mandates to the European Banking Authority; calls on the European Banking Authority to respect these mandates, its accountability to the European Parliament and the EU’s principle of transparency;
Or. en
30.4.2025 A10-0044/8
Amendment 8
Rada Laykova
on behalf of the ESN Group
Report A10-0044/2025
Ralf Seekatz
Banking Union – annual report 2024
(2024/2055(INI))
Motion for a resolution
Paragraph 32
Motion for a resolution
Amendment
32. Highlights the importance of preserving shareholders’ and creditors’ primary responsibility for bearing losses in the event of a bank’s failure; stresses that resorting to using taxpayers’ money must be avoided, which is still a key lesson learned from the global financial crisis; stresses that the bail-in of shareholders and creditors must remain the main source for resolution financing before any recourse is made to industry-funded sources;
32. Highlights the importance of preserving shareholders’ and creditors’ primary responsibility for bearing losses in the event of a bank’s failure; stresses that resorting to using taxpayers’ money, directly or indirectly, is to be precluded, which is still a key lesson learned from the global financial crisis; stresses that the bail-in of shareholders and creditors must remain the main source for resolution financing before any recourse is made to industry-funded sources;
Or. en
30.4.2025 A10-0044/9
Amendment 9
Rada Laykova, Sarah Knafo
on behalf of the ESN Group
Report A10-0044/2025
Ralf Seekatz
Banking Union – annual report 2024
(2024/2055(INI))
Motion for a resolution
Paragraph 35
Motion for a resolution
Amendment
35. Notes that any reliance on taxpayer money for the resolution of banks, including for liquidity support, should be avoided, in keeping with the principles of fiscal and social responsibility and market discipline;
35. Strongly opposes the use of taxpayer money to resolve bank failures, including for liquidity support, in keeping with the principles of fiscal and social responsibility and market discipline;
Or. en
30.4.2025 A10-0044/10
Amendment 10
Rada Laykova
on behalf of the ESN Group
Report A10-0044/2025
Ralf Seekatz
Banking Union – annual report 2024
(2024/2055(INI))
Motion for a resolution
Paragraph 35 a (new)
Motion for a resolution
Amendment
35a. Highlights the legal possibility and historical occurrence of a segregation between investment and commercial banking, as opposed to the current universal banking system with its inherent incentives for excessive risk-taking, possible risks to customer deposits and a transfer of risk to taxpayers;
Or. en