13 Amendments of Corien WORTMANN-KOOL related to 2012/0242(CNS)
Amendment 118 #
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 participathe banking union should include all Member States, with the exception of othoser Member States that explicitly indicate their wish not to participate.
Amendment 143 #
Proposal for a regulation
Recital 11
Recital 11
(11) As the Euro area's central bank with extensive expertise in macroeconomic and financial stability issues, 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 ECB should therefore be conferred specific tasks concerning policies relating to the supervision of credit institutions within the Euro areaparticipating Member States.
Amendment 205 #
Proposal for a regulation
Recital 16 a (new)
Recital 16 a (new)
(16 a) The ECB's Supervisory Board should ensure that, when performing the supervisory tasks as set out in this Regulation, it is guaranteed that a level- playing-field between credit institutions in the participating Member States is respected. EBA should, within the scope of its powers conferred by Article 1 of Regulation (EU) 1093/2010, give guidance to the ECB's Supervisory Board and any other European Union competent authority in case they impose any discretionary prudential requirement as specifically provided for in a Union act.
Amendment 451 #
Proposal for a regulation
Article 4 – paragraph 1 – introductory part
Article 4 – paragraph 1 – introductory part
1. The ECB shall, in accordance with the relevant provisions of Union law, and in particular in accordance with the Single Rulebook and Single Supervisory Handbook supervised by EBA, be exclusively competent to carry out, for prudential supervisory purposes, the following tasks in relation to all credit institutions established in the participating Member States:
Amendment 465 #
Proposal for a regulation
Article 4 – paragraph 1 – point b a (new)
Article 4 – paragraph 1 – point b a (new)
(ba) the notification procedure in relation to the establishment of branches and the exercise of freedom of provision of services;
Amendment 487 #
Proposal for a regulation
Article 4 – paragraph 1 – point h a (new)
Article 4 – paragraph 1 – point h a (new)
(ha) to assist competent national authorities in the preparation of resolution plans;
Amendment 517 #
Proposal for a regulation
Article 4 – paragraph 1 a (new)
Article 4 – paragraph 1 a (new)
1a. The ECB's Supervisory Board shall ensure that when performing the tasks as set out in Article 4, and in particular those in Article 4(1), (d), (e) and (g) it is guaranteed that a level-playing-field between credit institutions in the participating Member States is respected. EBA shall, within the scope of its powers conferred by Article 1 of Regulation (EU) 1093/2010, give guidance to the ECB's Supervisory Board and any other European Union competent authority in case they impose any discretionary prudential requirement as specifically provided for in a Union act.
Amendment 570 #
Proposal for a regulation
Article 5 – paragraph 3
Article 5 – paragraph 3
3. The ECB shall organ's Supervisory Board shall clearly define and publiseh the pfracticalmework, modalities of implementation of paragraph 2 by the national supervisoryand conditions under which the activities referred to in paragraph 2 are delegated to national competent authorities, in discharging its tasks. It shaorder to provide for a supervisory framework that is fully clearly define the framework and cond to the European Supervisory Authoritiones uander which the national competent authorities shall carry out those activities, as well as to the credit institutions under supervision. The supervisory framework, modalities and conditions referred to in this paragraph shall be effectively in place when this Regulation is implemented.
Amendment 579 #
Proposal for a regulation
Article 5 – paragraph 3 a (new)
Article 5 – paragraph 3 a (new)
3a. The ECB's Supervisory Board shall act as a single point of contact for all supervised credit institutions, unless this task is explicitly delegated to the national competent authorities within the supervisory framework referred to in paragraph 3.
Amendment 690 #
Proposal for a regulation
Article 9 – paragraph 2 a (new)
Article 9 – paragraph 2 a (new)
2a. The ECB's Supervisory Board is exclusively competent to request the information referred to in paragraph 1, unless this task is explicitly delegated to the national competent authorities within the supervisory framework referred to in Article 5(3). The national competent authority shall be able to obtain all information related to the tasks conferred upon the ECB by this Regulation. In case the information is not available at the ECB, the relevant competent authority may request the information directly from the legal or natural persons referred to in paragraph 1.
Amendment 781 #
Proposal for a regulation
Article 17 a (new)
Article 17 a (new)
Article 17a Legal safeguards In order to safeguard uniform and accessible legal protection for credit institutions in the participating Member States, the Commission shall, before entry into force of this Regulation, propose a uniform, effective, material and procedural legal framework under which credit institutions can challenge decisions of the ECB taken under this Regulation.
Amendment 955 #
Proposal for a regulation
Article 26 – paragraph 2
Article 26 – paragraph 2
The report shall be forwarded to the European Parliament and to the Council. The Commission shall make accompanying proposals, as appropriateincluding, but not limited to: (a) the transformation of the ECB's Supervisory Board, together with EBA, into an independent Single European Supervisor located in Frankfurt, covering all banks in the European Union; (b) the required Treaty changes, if deemed necessary.
Amendment 966 #
Proposal for a regulation
Article 27 – paragraph 1
Article 27 – paragraph 1
1. From the 1st of July 2013, provided that the supervisory framework, modalities and conditions referred to in Article 5(3), as well as all other practical organizational settings are in place, the ECB shall carry out the supervisory tasks conferred on it also in relation to the most significant credit institutions, financial holding companies and mixed financial holding companies of European systemic importance at the highest level of consolidation, based on their size as reflected in, the sum of exposure values of all assets and off-balance sheet liabilities not deducted when determining the common equity tier 1 capital for regulatory purposes, and their cross-border activity as reflected in cross-jurisdictional claims such as deposits and other assets in respect of customers or other financial operators located in another country and cross- jurisdictional liabilities such as loans and notes in respect of customers or other financial operators located in another country, which together cover at least half of the banking sector in the Euro area as a whole, on 1 January 2013. The ECB shall adopt and make public the list of those institutions before 1 March 2013.