8 Amendments of György SCHÖPFLIN related to 2012/0242(CNS)
Amendment 53 #
Proposal for a regulation
Recital 9
Recital 9
(9) A European banking union should therefore be set up, underpinned by a true single rulebook for financial services for the Single Market as a whole and composed of a single supervisory mechanism, and a common deposit insurance and resolution framework. . In view of the close links and interactions between Member States participating in the common currency, the banking union should apply at least to all Euro area Member States. With a view to maintaining and deepening the internal market, and to the extent that this is institutionally possible, the banking union should also be open to the participation of other Member States. whose currency is not the euro but which has established a close cooperation with the ECB in accordance with Article 6;
Amendment 57 #
Proposal for a regulation
Recital 11
Recital 11
(11) As the Eeuro area's central bank with extensiveaccess to multiple information resources, with widely recognised expertise and having macroeconomic and financial stability issueintained its credibility through the crisis, the ECB is well placed to carry out supervisory tasks with a focus on protecting the stability of Europe's financial system. Indeed in many Member States Central Banks are already responsible for banking supervision. The ECBSpecific tasks should therefore be conferred specific tasksupon the ECB concerning policies relating to the supervision of credit institutions within the Eeuro area.
Amendment 74 #
Proposal for a regulation
Recital 33
Recital 33
(33) In its decision-making procedures, the ECB should be bound by Union rules and general principles on due process and transparency. The right of the addressees of the ECB's decisions to be heard should be fully respected. The Supervisory Board should publish its summary of the minutes.
Amendment 80 #
Proposal for a regulation
Recital 36
Recital 36
(36) In particular, a supervisory board responsible for preparing decisions on supervisory matters should be set up with the ECB encompassing the specific expertise of national supervisors. The board should therefore be chaired by a Chair and a Vice-Chair elected by the ECB Governing Council and composed, in addition, of representatives from the ECB and from national authorities. In order to allow for an appropriate rotation while ensuring the full independence of the Chair and the Vice-Chair, their termbe composed of representatives from the ECB and national authorities from participating member states. The board should be chaired by a Chair appointed by the supervisory board, on the basis of merit, skills, knowledge of financial institutions and markets, and of experience relevant to financial supervision and regulation, following an open selection procedure. The supervisory board shall also elect, from among its members, the Vice-Chair who shall carry out the functions of the Chairperson in his absence. The term of office of the Chair should not exceed five years and should be renewable once. The term of office of the Vice-Chair should not exceed five years and should not be renewable. In order to ensure full coordination with the activities of the EBA and with the prudential policies of the Union, the EBA and the European Commission should be observers in the supervisory board. The performance of the supervisory tasks conferred upon the ECB requires the adoption of a large number of technically complex acts and decisions, including decisions on individual credit institutions. In order to effectively carry out those tasks in accordance with the principle of separation from tasks relating to monetary policy, the ECB Governing Council of the ECB should be able to delegate certain clearly defined supervisory tasks and related decisions to the supervisory board, subject to the oversight and responsibility of the Governing Council, which can give instructions and directions to that body. The supervisory board may be supported by a steering committee with a more limited compositionWhen exercising its tasks, the supervisory board should take account of all relevant facts and circumstances in the participating Member States and should perform its duties in the interest of the Union as a whole. The national competent authorities of the participating Member States represented in the supervisory board should have equal voting rights.
Amendment 88 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1
Article 2 – paragraph 1 – point 1
(1) ‘'participating Member State’' means a Member State whose currency is the euro or a Member State whose currency is not the euro which has established a close cooperation with the ECB in accordance with Article 6;
Amendment 121 #
Proposal for a regulation
Article 19 – paragraph 2
Article 19 – paragraph 2
2. In addition, the supervisory board shall include a Chair elected by the members of the Governing Council from the members, with the exception of the President,supervisory board, and a Vice-Chair elected by and from the members of the supervisory board of the ECB. The Chair should be appointed ofn the Executive Board, and a Vice-Chair elected by and from the members of the Governing Council of the ECBbasis of merit, skills, knowledge of financial institutions and markets, and of experience relevant to financial supervision and regulation, following an open selection procedure.
Amendment 128 #
Proposal for a regulation
Article 19 – paragraph 7
Article 19 – paragraph 7
7. The Governing Council shall adopt the rules of procedure ofor itself and the sSupervisory bBoard including rules on the term of office of the Chair and the Vice-Chair. The term of office, and shall make them public. The rules of procedure of the Supervisory Board shall ensure equal and balanced treatment of all its members. They shall establish rules prescribing the term of office of the Chair, which shall not exceed five years and shall not be renewable.
Amendment 131 #
Proposal for a regulation
Article 19 – paragraph 7 a (new)
Article 19 – paragraph 7 a (new)
7 a. The Supervisory Board shall make its summary of the minutes public.