4 Amendments of Werner LANGEN related to 2008/2148(INI)
Amendment 131 #
Motion for a resolution
Annex – recommendation 1 – point 1.3 – point a
Annex – recommendation 1 – point 1.3 – point a
(a) Securitisation: Require originators to assess and monitor risk and retain a significant portionensure transparency of the debt or mortgage backed securities originated by them on their booksto allow investors to perform adequate due diligence.
Amendment 198 #
Motion for a resolution
Annex – recommendation 3 – point 3.1 – point b
Annex – recommendation 3 – point 3.1 – point b
(b) The colleges should be composed of representatives of the national supervisory authorities dealing with prudential supervision. The regulation should contain clear criteria for the national supervisors that have to be represented in the mandatory colleges, taking into account the group’s market size in a Member State, volume of cross border operations, volume and value of assets to reflect the importance of the group activities. To achieve operational integration, the lead- supervisor must have full process- leadership within the college, i.e. it has to be the central point of contact for the financial group, ensuring appropriate delegation of tasks and responsibilities within the college.
Amendment 270 #
Motion for a resolution
Annex – recommendation 3 – point 3.3 − point f − point v a (new)
Annex – recommendation 3 – point 3.3 − point f − point v a (new)
(va) establish a panel review process once a year for each of the colleges to ensure that convergence on college processes. This review panel should be set up as a joint group of the supervisory agencies and the ECB, the latter bringing in the macro-prudential perspective which is crucial to ensure close cooperation between supervisors and the central bank and to effectively manage crisis situations.
Amendment 328 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 − point d a (new)
Annex – recommendation 3 – point 3.4 − point d a (new)
(da) Beyond the EU financial oversight body a group of wise men should be set up by Autumn 2008 bringing together different stakeholders (supervisors, regulators, industry representatives, etc.) and elaborating a longer term supervisory vision. It should be tasked to develop a blueprint and roadmap for a more radical long-term reform towards full institutional integration. Going beyond the architecture of financial supervision, it should also address aspects like a single rulebook for financial supervision, a deposit guarantee scheme and a common insolvency regime that are commensurate with an integrated financial and supervisory system.