5 Amendments of Wolf KLINZ related to 2009/0142(COD)
Amendment 229 #
Proposal for a regulation
Recital 23 a (new)
Recital 23 a (new)
(23a) Considers that the issue of burden- sharing has to be addressed in order to truly achieve a new European supervisory system. To this end a European Resolution Fund will be necessary in the future in order to safeguard the stability of the financial market in times of severe market distress. Urges the Commission and the Member States to step up their efforts on the matter.
Amendment 311 #
Proposal for a regulation
Article 3 – paragraph 3 a (new)
Article 3 – paragraph 3 a (new)
3a. When carrying out the tasks conferred upon it by this Regulation, the Authority will act independently and objectively in the sole interest of the European Union.
Amendment 334 #
Proposal for a regulation
Article 6 – paragraph 2 – point c a (new)
Article 6 – paragraph 2 – point c a (new)
(ca) require national competent authorities to conduct stress tests based on a common methodology;
Amendment 723 #
Proposal for a regulation
Article 40 – paragraph 2
Article 40 – paragraph 2
2. The Joint Committee shall serve as a forum in which the Authority shall cooperate regularly and closely and ensure cross-sectoral consistency with the European Insurance and Occupational Pensions Authority and the European Securities and Marketsin all pillars of the European Supervisory Authority in particular regarding: – financial conglomerates; – accounting and auditing; – micro-prudential analyses for financial stability; – retail investment products; – anti-money laundering measures; and – information exchange with the European Systemic Risk Board and developing the relationship between the European Systemic Risk Board and the pillars of the European Supervisory Authority.
Amendment 772 #
Proposal for a regulation
Article 49 – paragraph 6 a (new)
Article 49 – paragraph 6 a (new)
6a. Notwithstanding the above provisions, the first year of operation of the Authority ending 31 December 2011, the budget will be approved by the Members of the Level 3 Committee, following consultation with the European Commission and then transmitted to the budgetary authority for endorsement.