BETA

6 Amendments of Gunnar HÖKMARK related to 2012/0242(CNS)

Amendment 162 #
Proposal for a regulation
Recital 12 a (new)
(12 a) The mandate given to the ECB through this Directive shall only apply to those Member States whose currency is the euro. Any decision or recommendation issued by the ECB to the authorities of a Member State whose currency is not the euro, including those who have entered into a close cooperation agreement with the ECB as specified in this Directive, shall be of an advisory character only.
2012/10/30
Committee: ECON
Amendment 292 #
Proposal for a regulation
Recital 29
(29) Participation in the single supervisory mechanism shall be of a full and equal character also for those Member States whose currency is not the euro and who wish to opt in .As regards the supervision of cross- border banks active both inside and outside the Euro area the ECB should cooperate closely with the competent authorities of non participating Member States. As a competent authority the ECB should be subject to the related obligations to cooperate and exchange information under Union law and should participate fully in the colleges of supervisors. In addition, since the exercise of supervisory tasks by a European institution brings about clear benefits in terms of financial stability and sustainable market integration, Member States not participating in the common currency should therefore also have the possibility to participate in the new mechanism. However, it is a necessary pre- condition for an effective exercise of supervisory tasks, that supervisory decisions are implemented fully and without delay. Member States wishing to participate in the new mechanism should therefore undertake to ensure that their national competent authorities will abide by and adoptconsider any measure in relation to credit institutions requested by the ECB and fulfil the commitments agreed upon. The ECB should be able to establish a close cooperation with the competent authorities of a Member State not participating in the common currency. It should be obliged to establish the cooperation where the conditions set out in this regulation are met. The conditions under which representatives of the competent authorities of the Member States which established a close co-operation take part to the activities of the Supervisory Board should allow the greatest possible involvement of those representatives taking into account the limits following from the Statute of ESCB and of the ECB, in particular as regards the integrity of its decision making process.
2012/10/30
Committee: ECON
Amendment 619 #
Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 2
To that end, the ECB may address guidelines or requests to the national competent authority of the non participating Member State. Those guidelines and requests shall only be considered as recommendations.
2012/10/30
Committee: ECON
Amendment 646 #
Proposal for a regulation
Article 6 – paragraph 5
5. Where the ECB considers that a measure relating to the tasks referred to in paragraph 1 should be adopted by the competent authority of a concerned Member State in relation to a credit institution, financial holding company or mixed-financial holding company, it shall make a request to that authority, specifying a relevant timeframe. That timeframe shall be no less than 48 hours unless earlier adoption is indispensable to prevent irreparable damage. The competent authority of the concerned Member State shall take all the necessary measures in accordance with the obligation referred to in paragraph (2)(c).
2012/10/30
Committee: ECON
Amendment 652 #
Proposal for a regulation
Article 6 – paragraph 5a* – subparagraph 1
5. Where the conditions set out in paragraph 2(a) to (c) are no longer met by a Member State concerned, or where its competent authority does not act in accordance with the obligation referred to in paragraph 2(c), the ECB may decide to terminate the close cooperation with that Member State. * NB: wrongly numbered as a second paragraph ‘5’ in the Commission proposal.deleted
2012/10/30
Committee: ECON
Amendment 656 #
Proposal for a regulation
Article 6 – paragraph 5a* – subparagraph 2
The decision shall be notified to the Member State concerned and shall be published in the Official Journal of the European Union. The decision shall indicate the date from which it applies, taking due consideration of supervisory effectiveness and legitimate interests of credit institutions. * NB: wrongly numbered as a second paragraph ‘5’ in the Commission proposal.deleted
2012/10/30
Committee: ECON