Activities of Brian HAYES related to 2017/2253(INI)
Plenary speeches (1)
Relationships between the EU and third countries concerning financial services regulation and supervision (short presentation)
Reports (1)
REPORT on relationships between the EU and third countries concerning financial services regulation and supervision PDF (354 KB) DOC (57 KB)
Amendments (3)
Amendment 8 #
Motion for a resolution
Recital B
Recital B
B. whereas equivalence decisions do not confer ‘passport’ rights to financial institutions established in third countries; whereas equivalence, passporting rights and mutual recognition are distinctly different concepts, providing different rights to and obligations for financial institutions and market participants;
Amendment 22 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
E a. whereas the European Supervisory Authorities (ESAs) play a vital role in the EU’s equivalence framework by providing technical assessments for equivalence decisions, by monitoring further developments that may affect such decisions, and by regularly reviewing those decisions;
Amendment 25 #
Motion for a resolution
Recital E b (new)
Recital E b (new)
E b. whereas the Commission describes equivalence as “a key instrument to effectively manage cross-border activity of market players in a sound and secure prudential environment with third- country jurisdictions that adhere to, implement and enforce rigorously the same high standards of prudential rules as the EU”;