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5 Amendments of Jonás FERNÁNDEZ related to 2017/0810(COD)

Amendment 10 #
Jonás FERNÁNDEZ
Proposal for a decision
Recital 1
Bank (1) The basic tasks to be carried out through the European System of Central Banks (ESCB) include the definition and implementation of the monetary policy of the Union and the promotion of the smooth operation of payment systems, which is essential in order to maintain financial stability. Safe and efficient financial market infrastructures, in particular clearing systems, are essential for the fulfilment of these basic tasks.
2018/06/12
Committee: ECONAFCO
Amendment 14 #
Jonás FERNÁNDEZ
Proposal for a decision
Recital 3 a (new)
Bank (3a) Although securities clearing systems are a typology of payment systems, more clarity on the issue is required in the light of the General Court’s judgment of 4 March 2015 in Case T-496/11 and therefore, by means of a review of Article 22 of the Statute of the European System of Central Banks and of the European Central Bank, the issue of competence over such systems needs to be made clear.
2018/06/12
Committee: ECONAFCO
Amendment 16 #
Jonás FERNÁNDEZ
Proposal for a decision
Recital 4
Bank (4) Significant developments at both global and European level are expected to increase the risk that disturbances affecting clearing systems, in particular central counterparties (CCPs), threaten the smooth operation of payment systems and implementation of the single monetary policy, ultimately affecting financial stability, including the Eurosystem’s primary objective of maintaining price stability.
2018/06/12
Committee: ECONAFCO
Amendment 19 #
Jonás FERNÁNDEZ
Proposal for a decision
Recital 6
Bank (6) Central clearing is becoming increasingly cross-border in nature and systemically important. Given their diverse membership and the pan-European nature of the financial services they provide, CCPs are of key importance to the Union as a whole, and in particular to the euro area. This is reflected in Regulation (EU) No 648/2012 of the European Parliament and of the Council8, which establishes collective supervisory arrangements in the form of colleges, composed of the relevant national and Union authorities, including the Eurosystem in its role as central bank of issue for the euro. _________________ 82 Regulation (EU) No 648/2012 of, the Ecuropean Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1)rency of the European Union.
2018/06/12
Committee: ECONAFCO
Amendment 42 #
Jonás FERNÁNDEZ
Proposal for a decision
Article 1 – paragraph 1
Statute of the European System of Central Banks and of the European Central Bank
Article 22
TBank In order to guarantee financial stability, the ECB and national central banks may provide facilities, and the ECB may make regulations, to ensure efficient, sound and soundlvent clearing and paysettlement systems, andincluding clearing systems for securities and financial instruments, within the Union and with other countries.
2018/06/12
Committee: ECONAFCO
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