14 Amendments of Pervenche BERÈS related to 2008/2148(INI)
Amendment 16 #
Motion for a resolution
Recital C
Recital C
C. whereas the current financial crisis, which was triggered by US subprime mortgages, has spread worldwide due to the increasingly integrated and contagious nature of markets, reinforcing the indicationg that existing financial market regulation and supervision could not cope with it and a significant reform is therefore welcome,
Amendment 76 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Instructs its President to forward this resolution and the accompanying detailed recommendations to the Commission, the Council, the Euro Group, the ECB and the governments and parliaments of the Member States.
Amendment 137 #
Motion for a resolution
Annex – recommendation 1 – point 1.3 – point b
Annex – recommendation 1 – point 1.3 – point b
(b) Remuneration schemes: Require financial institutions to disclose their remuneration policy, remuneration of individual directors, and remuneration packages for individuals other than directors and that all elements in compensation packages are expensed. Ensure that all transactions involving management can be clearly identified in the financial statements. Require prudential supervisors to include in their assessment of risk management the influence of remuneration and, bonus schemes and taxation to ensure that they contain balanced incentives and do not encourage extreme risk taking.
Amendment 220 #
Motion for a resolution
Annex – recommendation 3 – point 3.2 − point a
Annex – recommendation 3 – point 3.2 − point a
(a) By Autumn 2008 a regulation shall require the setting up of a permanent EU college coordination and mediation committee (CCMC). The CCMC shall consist of an independent chair and two to four vice-chairs, to be appointedresidium of five persons for the configuration of EU supervision, coordination and mediation of the colleges. The presidium shall be composed of the chairs of the three European systems of national supervisors. An independent chair should be appointed for a five-year term by the Commission after consultation of the Parliament and the Council and the chair of the ESCB Banking Supervision Committee should act as the vice chair.
Amendment 222 #
Motion for a resolution
Annex – recommendation 3 – point 3.2 − point b
Annex – recommendation 3 – point 3.2 − point b
(b) Ensure that the tasks and competences of the CCMCpresidium allows it to act as mediator and manager of the system of colleges to establish the necessary consistency, coherence and efficiency in the supervision of the large groups, without distorting the level playing field with the non cross- border financial institutions.
Amendment 224 #
Motion for a resolution
Annex – recommendation 3 – point 3.2 − point c
Annex – recommendation 3 – point 3.2 − point c
(c) Ensure that the CCMCpresidium has competence to mediate and resolve conflicts that may rise between the members of a college, if necessary by well- reasoned majority decision.
Amendment 225 #
Motion for a resolution
Annex – recommendation 3 – point 3.2 − point d
Annex – recommendation 3 – point 3.2 − point d
(d) The CCMCpresidium shall regularly meet with the chairs of all college supervisors to discuss the specific activities for the large groups. General supervisory and regulatory policy issues however should remain the remit of the general Lamfalussy Level 3 supervisory committees.
Amendment 226 #
Motion for a resolution
Annex – recommendation 3 – point 3.2 − point e
Annex – recommendation 3 – point 3.2 − point e
(e) The CCMCpresidium may set up a complaint and/or appeal procedure available to the groups under supervision by the colleges, for supervisors involved in groups’ supervision, and to representative organisations of clients and consumers.
Amendment 227 #
Motion for a resolution
Annex – recommendation 3 – point 3.2 − point f
Annex – recommendation 3 – point 3.2 − point f
(f) The CCMCpresidium shall be financed by the Community and/or through a system of contributions by the colleges.
Amendment 237 #
Motion for a resolution
Annex – recommendation 3 – point 3.3 − point a
Annex – recommendation 3 – point 3.3 − point a
(a) By Autumn 2008 a regulation shall require transforming the existing Lamfalussy Level 3 committees into a configuration of EU supervision and giving the Lamfalussy Level 3 committees the status of European systems of national supervisory agencies with an executive board (similar to the Eurosystem) and appropriate staffing and resources.
Amendment 244 #
Motion for a resolution
Annex – recommendation 3 – point 3.3 − point b
Annex – recommendation 3 – point 3.3 − point b
(b) In addition to the advisory tasks the European systems of national supervisory agencies shall be given the task (and the tools and resources) to ensure supervisory convergence and a level playing field in the implementation and enforcement of EU legislation.
Amendment 250 #
Motion for a resolution
Annex – recommendation 3 – point 3.3 − point d
Annex – recommendation 3 – point 3.3 − point d
(d) The European systems of national supervisory agencies should present an annual work plan. Parliament, the Council and the Commission should approve the annual work plans and reports.
Amendment 272 #
Motion for a resolution − point g
Annex – recommendation 3 – point 3.3−
Annex – recommendation 3 – point 3.3−
Amendment 306 #
Motion for a resolution
Annex – recommendation 3 – point 3.4 − point b
Annex – recommendation 3 – point 3.4 − point b
(b) The oversight body should be composed of the chairs of the three Lamfalussy Level 3 supervisory committeeEuropean Systems of National Supervisors, the chair of the presidium, the chair of the CCMCESCB Banking Supervision Committee, a representative of the European System of Central Banks (which is composed of all EU central banks) and a representative of the Eurosystem and the (Vice)President of the ECB charged with prudential supervision. The ECB ((Vice)- President)CB board, who could chair the oversight body and t. The chair of the presidium of the configuration of EU supervision could be vice-chair.