Activities of Barbara KAPPEL related to 2017/2253(INI)
Plenary speeches (1)
Relationships between the EU and third countries concerning financial services regulation and supervision (short presentation) DE
Amendments (5)
Amendment 150 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Is concerned that there is no consistent framework for ongoing supervision of an equivalent third country’s regime; considers that the European Supervisory Authorities (ESAs) should be equipped with the power to monitor regulatory developments in third countries and demands that Parliament should be kept informed of ongoing regulatory monitoring in third countries by means of annual report presented by the respective ESAs to Parliament;
Amendment 157 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls on the Commission to adoptpropose a legislative act establishing a clear framework for a transparent, coherent and consistent application of equivalence procedures which introduces a standardised process for the determination of equivalence;
Amendment 164 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for equivalence decisions to be reviewed at least once every three yearscontinuously reviewed by the relevant ESA and for such reviews to be made public;
Amendment 202 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Recalls the importance of National Competent Authorities (NCAs) in the authorisation process for financial institutions that wish to delegate part of their portfolio management or risk management to service providers in third countries where the regulatory regime is comparable to that of the EU; considers that NCAs have sufficient technical knowledge and expertise to properly assess delegation approval requests; encourages the ESAs to develop further cooperation between NCAs in order to share best practices concerning regulatory cooperation and activities with third countries, as well as challenges and problems experienced;
Amendment 216 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Calls for active involvement constructive approach from the Commission, the Member States and ESAs in global standard-setting bodies in financial services; stresses the need for the consistent implementation of international standards in order to achieve better regulatory cooperation with other jurisdictions and to improve global financial stability;