3 Amendments of Markus FERBER related to 2017/0810(COD)
Amendment 22 #
Proposal for a decision
Recital 7
Recital 7
Bank (7) In order to address these issues, on 13 June 2017 the Commission presented its legislative proposal to ensure financial stability and the safety and soundness of CCPs that are of systemic relevance for financial markets across the Union. In order to ensure that the Eurosystem as central bank of issue for the euro can carry out the role envisaged by the legislative proposal, it is of utmost importance that it has the relevant powers under the Treaty and the Statute of the ESCB. In particular, the Eurosystem should have regulatory powers to adopt binding assessments and require remedial action, in close cooperation with other Union authorities. Moreover, where necessary to protect the stability of the euro, the ECB should also have the regulatory powers to adopt additional requirements for CCPs involved in the clearing of significant amounts of euro-denominated transactions. These requirements should protect the integrity of the Single Market and ensure that in the supervision of third country CCPs Union law and the jurisprudence of the European Court of Justice have primacy.
Amendment 40 #
Proposal for a decision
Article 1 – paragraph 1
Article 1 – paragraph 1
Statute of the European System of Central Banks and of the European Central Bank
Article 22
Article 22
Bank The ECB and national central banks may provide facilities, and the ECB may make regulations, to ensure efficient and sound clearing and payment systems, and within the Union and with other countries. In order to achieve the objectives of the ESCB and perform its tasks, the ECB may make regulations concerning clearing systems for financial instruments, within the Union and with other countriesthird countries, provided that it does so in a manner that fully respects the legislative acts adopted by the Union legislator in this area, measures adopted under such acts as well as the jurisprudence of the European Court of Justice.
Amendment 47 #
Proposal for a decision
Article 1 – paragraph 1
Article 1 – paragraph 1
Statute of the European System of Central Banks and of the European Central Bank
Article 22 – paragraph 1a(new)
Article 22 – paragraph 1a(new)
Bank The European Central Bank regularly informs the Union legislator about all decisions and regulations made in the context of Article 22.