Banking Union – annual report 2024

Wording as published by the EP, in English.

1. Amendment 1Rejected

   Paragraph 1

   Tabled by Charlie Weimers, Dick Erixon, Beatrice Timgren · ECR

   … without the establishment of its third pillar, the European deposit insurance scheme; Added: emphasises that every Member State has the right to decide whether to adopt the euro;

2. Amendment 2Adopted

   Paragraph 18 a (new)

   Tabled by Pasquale Tridico, Giorgos Georgiou · The Left

   Added: 18a. Acknowledges the growing phenomenon of bank branch closures, which contributes to the risk of ‘bank desertification’ in certain regions, with a particularly negative impact on vulnerable citizens without digital access; emphasises the critical role smaller banks play in ensuring access to essential banking services, especially in rural and remote areas, thereby supporting households, SMEs and local economies; notes that the high supervisory costs and regulatory burdens can pose significant challenges for smaller banks; underscores the need to apply the principle of proportionality in banking supervision, ensuring that the intensity of regulation is tailored to the size, risk profile and business model of institutions, while taking into account the essential territorial role of smaller banks and their specific characteristics.

3. Amendment 5Rejected

   Paragraph 10 a (new)

   Tabled by Sarah Knafo · ESN

   Added: 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;

4. Amendment 6Rejected

   Paragraph 16

   Tabled by Rada Laykova · ESN

   16. Removed: Notes the ECB’s progress Added: Regrets the ECB’s focus on the digital euro Removed: 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; Added: despite the limited arguments for it; understands existing reservations; recalls that the digital euro should Removed: complement, not Added: only complement, never replace, cash; considers that the decision on whether or not to introduce … and other areas that go beyond the strict remit of monetary policy; Added: notes the recent prohibition on the establishment, issuance, circulation and use of a central bank digital currency within the jurisdiction of the United States;

5. Amendment 8Rejected

   Paragraph 32

   Tabled by Rada Laykova · ESN

   … the event of a bank’s failure; stresses that resorting to using taxpayers’ Removed: money must be avoided, Added: money, directly or indirectly, is to be precluded, which is still a key lesson learned from the global financial crisis; …

6. Amendment 9Rejected

   Paragraph 35

   Tabled by Rada Laykova, Sarah Knafo · ESN

   35. Removed: Notes that any reliance on taxpayer money for the resolution of banks, Added: Strongly opposes the use of taxpayer money to resolve bank failures, including for liquidity support, Removed: should be avoided, in keeping with the principles of fiscal and social responsibility and market …