3 Amendments of Wolf KLINZ related to 2012/0244(COD)
Amendment 98 #
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3 a) Nevertheless in order to achieve a fully effective supervisory framework in the Union it is crucial to go beyond the current legal limitations of the mechanism set up around the ECB and include all Member States irrespective of their currencies and all credit institutions, financial conglomerates, investment firms and insurance companies operational throughout the Union in the future. Therefore it is necessary to start preparing an essential institutional framework including possible changes of the Treaty as soon as possible in order to create a Single Supervisory Authority in the co-decision procedure. A Single Supervisory Authority, once fully operational, should take over supervisory tasks granted to the ECB according to this Regulation and play a central role in the ESFS.
Amendment 115 #
Proposal for a regulation
Recital 5
Recital 5
(5) In view of the supervisory tasks conferred on the ECB by Council Regulation (EU) No …/… [127(6) Regulation], EBA should be able to carry out its tasks also in relation to the ECB. In order to ensure that eExisting mechanisms for settlement of disagreements and actions in emergency situations should remain effective, a specific procedure should be provided for. In particular, if the ECB does not comply with an action by EBA to settle a disagreement or to address an emergency situation, it should be required to explain its reasons. In that case, whenever based on requirements set out in directly applicable Union law EBA can adopt an individual decision addressed to the financial institution concerned, it should do sond preserve a level playing field, and therefore should apply in the same way to the ECB and other national supervisors.
Amendment 199 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EU) No 1093/2010
Article 19 – paragraph 3a
Article 19 – paragraph 3a