3 Amendments of Jean-Paul GAUZÈS related to 2013/0253(COD)
Amendment 224 #
Proposal for a regulation
Recital 71 a (new)
Recital 71 a (new)
(71a) With the view of breaking the link between sovereigns and banks and ensuring the efficiency and the credibility of the Single Resolution Mechanism, especially as long as the Single Resolution Fund is not entirely funded, it is essential to establish a European public loan facility from the day the Single Resolution Mechanism enters into force. Any loan from that loan facility should be reimbursed by the Single Resolution Fund within an agreed timeframe.
Amendment 307 #
Proposal for a regulation
Article 6 – paragraph 4
Article 6 – paragraph 4
4. No decision of the Board or the Commission shall require Member States to provide extraordinary public financial support, unless, pending the establishment of a European public backstop, a Member State has accepted the provision of extraordinary public financial support, where no other less costly alternative was available to preserve financial stability.
Amendment 552 #
Proposal for a regulation
Article 16 – paragraph 6
Article 16 – paragraph 6
6. Having regard to the urgency of the circumstances in the case, the Commission shall decide, on its own initiative or taking into account, if any, the communication referred to in paragraph 1 orThe Commission shall decide, pursuant to the recommendation ofsubmitted by the Board referred to in paragraph 5under paragraph 5 of this Article, whether or not to placeut the entity under resolution, and on the framework of the resolution tools that shall be applied in respect of the entity concerned and of the use of the Fund to support thea resolution action. TWhere the Commission, on its own initiative, may decide to place an entity under resolution if all the condit intends not to adopt the recommendation submitted by the Board or to adopt it with amendments, it shall send the recommendation back to the Board, explaining why it does not intend to adopt it or, as the case may be, explaining the reasons for its intended amendments. The Commission may establish a deadline during which the Board may amend its initial recommendation on the basis of the Commission's referred to in paragraph 2 arproposed amendments and resubmit it to the Commission. Except in duly justified cases of emergency, the Board shall have at least five working days to consider the ametndments proposed by the Commission.