1 Amendments of Miguel VIEGAS related to 2017/0232(COD)
Amendment 12 #
Proposal for a regulation
Recital 2
Recital 2
(2) The 2017 Commission report on the mission and organisation of the ESRB5 concludes that, while the ESRB is generally well-functioning, improvements on certain specific points are necessary. In this sense, macro-prudential supervision and the European Systemic Risk Board will continue to be fallible and ineffective in preventing financial crises until substantive measures are adopted, such as the taxation of capital movements, the end of the derivatives market, the separation of commercial from investment banking and the imposition of public control over the banking and financial system. __________________ 5 Commission Staff Working Document, Effect Analysis, Amendments to ESRB Regulation, COM(2017) 538 final.