4 Amendments of Pervenche BERÈS related to 2008/0217(COD)
Amendment 113 #
Proposal for a regulation
Recital 5 a (new)
Recital 5 a (new)
(5a) The rating of sovereign debt should be considered as a public good and should therefore be undertaken by separate actors in parallel, such as the national courts of auditors and the European Court of Auditors;
Amendment 114 #
Proposal for a regulation
Recital 5 b (new)
Recital 5 b (new)
(5b) The possibility of establishing a European public rating agency should be considered;
Amendment 188 #
Proposal for a regulation
Recital 25 a (new)
Recital 25 a (new)
(25a) Further wide-ranging reforms of the regulatory and supervisory model of the EU financial sector are needed. In particular, the Commission announced in its Communication of 29 October 2008 entitled 'From financial crisis to recovery: A European framework for action', that it had set up a group of experts, chaired by Mr Jacques de Larosière. That group is to consider the modalities of further reforms including the organisation of European financial institutions to ensure prudential soundness, the orderly functioning of markets and stronger European co- operation on financial stability oversight, which may include an integrated financial supervisor for all the financial sectors. The group will also report on early warning mechanisms and crisis management, including the management of cross-border and cross-sectoral risks, and also look at cooperation between the EU and other major jurisdictions to help safeguard financial stability at the global level. On the basis of the work undertaken by the group, the Commission should, as soon as possible, and in any event by 1 July 2010, report to the European Parliament, the Council and other institutions concerned, any findings in this respect and should put forward any legislative proposal needed to tackle the shortcomings identified as regards supervisory cooperation arrangements.
Amendment 408 #
Proposal for a regulation
Article 35 a (new)
Article 35 a (new)
Article 35 a As soon as possible, and in any event by 1 July 2010, the Commission shall present to the European Parliament, the Council and other institutions concerned, a report on further reform of the supervisory regime under this Regulation and, in accordance with the applicable procedure under the Treaty, any appropriate legislative proposal.