Δελτίο Τύπου

Clarity for bank shareholders, but no taxpayers' money

Βρυξέλλες
, 10/10/2017 - 12:04
Bank sign on building

The Banking Recovery and Resolution Directive (BRRD) changed the logic of the European financial markets. It has clarified that shareholders and investors must take on the losses themselves. They can no longer expect governments and taxpayers to bail them out. This is a principle that applies to all regular companies and now also to banks in the European Union.

Today, the European Parliament’s Economic and Monetary Affairs Committee adopted its position on the Directive on the ranking of unsecured debt instruments in insolvency proceedings (bank creditor hierarchy). "This proposal will improve the resilience of European banks and bring our legislation into line with new prudential international standards", said EP Rapporteur Gunnar Hökmark MEP.

The creditor hierarchy proposal is part of a legislative package aimed at reducing risks in the EU banking industry. It creates a new asset class of ‘non-preferred’ senior debt with the intention of enhancing resolvability and minimising the compliance costs stemming from differing subordination approaches in Member States. The European Parliament broadly supports the European Commission proposal while recognising that this approach may not be easily accommodated in a number of Member States where a statutory subordination has been enshrined in national legislation. Therefore, in order to ensure legal certainty for investors and issuers, transitional arrangements need to be put in place.

"For depositors and investors, this new proposal provides legal clarity and certainty which also gives security", concluded Gunnar Hökmark MEP.

Σημείωση
Με 216 μέλη από 27 χώρες η Κ.Ο. του ΕΛΚ είναι η μεγαλύτερη πολιτική ομάδα στο Ευρωπαϊκό Κοινοβούλιο

Στοιχεία επικοινωνίας Ευρωβουλευτή

-
Gunnar HÖKMARK
BRU - Phone: +32 (0)2 2845822 Fax: +32 (0)2 2849822
Ηλεκτρονικό Ταχυδρομείο: gunnar.hokmark@europarl.europa.eu

Στοιχεία επικοινωνίας με το Γραφείο Τύπου

Lina Stenlund
Swedish press; Communications Strategy; Afghanistan
Phone: +32 485 911 164
Man voting on elections in Europe
23/02/2018 - 17:59

People should know who can become the Commission President

"Europe should not be an elite project. It must become more of a project for the people again. This is why we need more democracy and...
Enlargement
22/02/2018 - 11:39

End rebate logic - we all benefit from EU budget

“The EU budget must be strengthened without penalising taxpayers. Post-2020, we have to stop rebates, compensations and end the logic of...
Online shopping with digital tablet
22/02/2018 - 10:10

Shop like at home

Whether buying online or offline from another EU Member State, European consumers will in the future be entitled to a harmonised level oF protection...
Combines harvesting wheat
21/02/2018 - 18:14

Evaluation and authorisation of pesticides needs to hold up to scrutiny

After the controversy surrounding the renewal of the use of glyphosate in farming, the European Parliament has set up a Special Committee to...

Νέα της εβδομάδας

26/02/2018 - 02/03/2018
Palm growing from pile of euros

New Tax Committee: artificial shifting around of companies' profits must end

Parliament is setting up a new special committee on Thursday to look further into the problem of the tax evasion and tax avoidance of multi-national...
Germany, Frankfurt, European Central Bank, low angle

EP hearing for ECB Vice-President candidate Luis De Guindos

The Ecofin Council, which gathers together the EU's 28 Finance Ministers, confirmed at its meeting on 20 February the nomination of Spanish...
A bee on a flower

Honey bees in trouble

The European Parliament will debate the future of beekeeping at its mini-Plenary on Wednesday. "We must keep an eye on our bees as their role in...
Beliee in people campaign, Piotr Borys MEP