13 Amendments of Astrid LULLING related to 2010/2006(INI)
Amendment 85 #
Motion for a resolution
Annex – recommendation 1 – paragraph 3
Annex – recommendation 1 – paragraph 3
3. Attribute to the relevant supervisor the responsibility for crisis management and the approval of each bank’s contingency plan, as follows: • for Systemic Banks: the European Banking Authority (EBA) in close cooperation with the college of national supervisors and the Cross -Border Stability Groups (as defined in the above-mentioned Memorandum of Understanding of June 2008); • for all other cross border non-systemic banks: the consolidatednational supervisors within the college, under the coordination of the EBA and in consultation with the Cross -Border Stability Groups; • for local banks: the local supervisor.
Amendment 100 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – introductory part
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – introductory part
8. Expand the crisis management minimumearly intervention toolbox available to supervisors, beyond the Article 136 of Directive 2006/48/EC, to include at least the power to:
Amendment 108 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 5
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 5
Amendment 110 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 6
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 6
Amendment 115 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 7
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 7
Amendment 117 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 8
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 8
Amendment 125 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 8 a (new)
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 8 a (new)
• control the process of intra-group asset transfers;
Amendment 131 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 2
Annex – recommendation 1 – paragraph 8 – subparagraph 2
Amendment 163 #
Motion for a resolution
Annex – recommendation 2 – paragraph 2
Annex – recommendation 2 – paragraph 2
2. Systemic Banks shall adhere to the new special regime which shall overcome legal impediments to effective action across borders while ensuring clear, equal and predictable treatment of shareholders, depositors, creditors and other stakeholders, in particular after intra- group asset transfers.
Amendment 208 #
Motion for a resolution
Annex – recommendation 3 – paragraph 2 – indent 2
Annex – recommendation 3 – paragraph 2 – indent 2
• funded ex-ante by the Systemic Banks on the basis of risk-based, countercyclical criteriaat least partially ex-ante whereby any potential bank levy will have to flow entirely into the Fund;
Amendment 237 #
Motion for a resolution
Annex – recommendation 4 – paragraph 1
Annex – recommendation 4 – paragraph 1
1. An independent resolution unit shall be established within the EBA to lead the resolution and insolvency procedures for Systemic Banks. This unit shall: • operate within the strict boundaries defined by theits legal framework and the EBA’s competencies; • be a pool of legal and financial expertise specially skilled in bank restructurings, turnarounds and liquidation; • cooperate closely with national authorities on implementation, technical assistance and sharing of staff; • propose the disbursements from the Stability Fund.
Amendment 244 #
Motion for a resolution
Annex – recommendation 4 – paragraph 1 a (new)
Annex – recommendation 4 – paragraph 1 a (new)
1a. The independent resolution unit’s toolbox should include at least the power to: • create a Bridge Bank or Good Bank/Bad Bank; • require swaps of debt into equity with appropriate haircuts; • take temporary public control; • winding-up.
Amendment 246 #
Motion for a resolution
Annex – recommendation 4 – paragraph 1 b (new)
Annex – recommendation 4 – paragraph 1 b (new)
1b. For banks contributing to the EU Financial Stability Fund, the powers shall include: • provision of direct loans; • injection of capital.