25 Amendments of Wolf KLINZ related to 2013/2166(INI)
Amendment 1 #
Motion for a resolution
Citation 20 a (new)
Citation 20 a (new)
– having regard to the Key Attributes of Effective Resolution Regimes for Financial Institutions of Financial Stability Board published in October 2011,
Amendment 5 #
Motion for a resolution
Recital A
Recital A
A. whereas the financial crisis has demonstrated that inefficient and fragmented supervision of financial markets contributed to financial instability and a lack of consumer protection in financial services;
Amendment 32 #
Motion for a resolution
Recital G
Recital G
G. whereas the structure of the ESRB and the size of its decision-making body hESRB has performed tasks of macroeconomic nature, but also got involved in ders a swift decision-making processveloping numerous micro- supervisory projects which go beyond its mandate;
Amendment 50 #
Motion for a resolution
Recital L
Recital L
Amendment 54 #
Motion for a resolution
Recital M
Recital M
M. whereas the ECB and the ESAs have different reporting standards and intervals and the creation of the SSM might poses a serious risk of duplication of reporting requirements if national authorities do not cooperate sufficiently with the SSM and ESAs;
Amendment 61 #
Motion for a resolution
Recital O
Recital O
O. whereas the possibility of binding mediation has seldom been used and therefore should not be overestimated in the future legislation;
Amendment 66 #
Motion for a resolution
Recital P
Recital P
Amendment 74 #
Motion for a resolution
Recital R
Recital R
R. whereas guidelines have proven to be a useful and necessary tool to fill gaps in regulation where no powers for the ESAs urther specify and clarify the rules and principles laid down in the according sectorial legislation. To avoid any shadow regulation which has not been subject to democratic legitimation, guidelines shall not go beyond the poweres provided for in the sectorial legislation;
Amendment 90 #
Motion for a resolution
Recital U
Recital U
U. whereas the ESAs are limited in fulfilling their mandate by a lack of resources, and staff andlthough they have been given full flexibility in recruiting;
Amendment 93 #
Motion for a resolution
Recital U a (new)
Recital U a (new)
Ua. whereas the recruiting process of the ESAs has not always been sufficiently transparent;
Amendment 101 #
Motion for a resolution
Recital V
Recital V
V. whereas some requirements that the ESAs imposed on all market participants were considered to be onerous, or inappropriate and not proportional to the size and business model of the addressees;
Amendment 118 #
Motion for a resolution
Recital AB a (new)
Recital AB a (new)
ABa. whereas some decisions and guidelines of the ESAs have gone beyond the relevant Level I legislation or even have been prepared without any legal base in the sectoral legislation;
Amendment 135 #
Motion for a resolution
Annex – paragraph 1 – indent 1
Annex – paragraph 1 – indent 1
– EnhanceLimit the mandate for the all ESAs for binding and non-binding mediation especially with regard to the ECB and delete Recital 32 which is misleading on the mandate for non-binding mediation;
Amendment 141 #
Motion for a resolution
Annex – paragraph 1 – indent 2
Annex – paragraph 1 – indent 2
Amendment 146 #
Motion for a resolution
Annex – paragraph 1 – indent 4
Annex – paragraph 1 – indent 4
– Ensure that the ESAs, national supervisory authorities and the ECBAsk the Commission to conduct an impact assessment whether the ESAs shall have access to the same supervisory information which has to be provideas national supervisory authorities and wthere possible in a common format which ECB, which in any case would hasve to be determined by the ESAsprovided in a common electronic format;
Amendment 159 #
Motion for a resolution
Annex – paragraph 1 – indent 5
Annex – paragraph 1 – indent 5
– Establish the ESRB outside the ECBAsk the Commission to assess the mandate and tasks of the ESRB in order to avoid the arising conflicts of interest between micro-prudential supervision and supervisory tools and macro-economic oversight.
Amendment 170 #
Motion for a resolution
Annex – paragraph 2 – indent 1
Annex – paragraph 2 – indent 1
Amendment 200 #
Motion for a resolution
Annex – paragraph 2 – indent 4
Annex – paragraph 2 – indent 4
– granting the ESAs an independent budget line as for the European Data Protection Supervisor funded budget line funded solely by the contributions from market participants and the Union budget;
Amendment 209 #
Motion for a resolution
Annex – paragraph 2 – indent 5
Annex – paragraph 2 – indent 5
– taking account of the size of Member States and their respective financial sector when reviewing the voting rights on the boards of supervisors and introducing simplequalified majority voting for all decisions within the ESAs;
Amendment 212 #
Motion for a resolution
Annex – paragraph 2 – indent 6
Annex – paragraph 2 – indent 6
– clarifying that guidelines to improve common standards for the whole internal market pursuant to Article 16 of Regulation (EU) No 1093/2010, of Regulation (EU) No 1094/2010, and of Regulation (EU) No 1095/2010 can be issued without additionalonly based on the respective empowerment in sectorial legislation and deleting Recital 26 of those Regulations, which can secure democratic legitimacy;
Amendment 213 #
Motion for a resolution
Annex – paragraph 2 – indent 6 a (new)
Annex – paragraph 2 – indent 6 a (new)
– further clarify that guidelines can only be issued where public consultation has been conducted and therefore, delete “where appropriate” in Article 16 (2) in each of the Regulations;
Amendment 235 #
Motion for a resolution
Annex – paragraph 2 – indent 9
Annex – paragraph 2 – indent 9
Amendment 249 #
Motion for a resolution
Annex – paragraph 2 – indent 10
Annex – paragraph 2 – indent 10
– requiring the ESAs to respect where appropriate the principal of proportionality especially with regard to small and medium-sized market participants when carrying out their tasks and developing their supervisory methods, practices and handbooks;
Amendment 276 #
Motion for a resolution
Annex – paragraph 2 – indent 15
Annex – paragraph 2 – indent 15
Amendment 280 #
Motion for a resolution
Annex – paragraph 2 – indent 17
Annex – paragraph 2 – indent 17
– providing for the mandatoryappropriate involvement of the ESAs and of the ESRB in legislative processes concerning their fields of expertise;