Activities of Sajjad KARIM related to 2009/0161(COD)
Plenary speeches (1)
Specific tasks for the European Central Bank concerning the functioning of the European Systemic Risk Board - Powers of the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority - European Securities and Markets Authority - Macro-prudential oversight of the financial system and establishment of a European Systemic Risk Board - European Banking Authority - European Insurance and Occupational Pensions Authority - Cross-Border Crisis Management in the Banking Sector (debate)
Amendments (4)
Amendment 35 #
Proposal for a directive – amending act
Recital 12 a (new)
Recital 12 a (new)
Amendment 262 #
Proposal for a directive – amending act
Article 9 – point 8
Article 9 – point 8
Directive 2006/48/EC
Article 42 a(1) – subparagraph 4 a
Article 42 a(1) – subparagraph 4 a
"If, at the end of the initial two -month period, any of the competent authorityies concerned has referred the matter to the European Banking Authority in accordance with Article 11 of Regulation …/… [EBA], the consolidating supervisor shallmpetent authorities of the host Member State shall defer their decision and await anythe decision that the European Banking Authority may take in accordance with Article 11(3) of that Regulation, and shall acttake their decision in conformity with thate Authority‘s decision. The two -month period shall be deemed the conciliation period within the meaning of that Regulation. The European Banking Authority shall take its decision within one month. The matter shall not be referred to the Authority after the end of the initial two -month period or after a joint decision has been reached". Decisions taken by the European Banking Authority shall not replace the lawful exercise of judgment by the competent authorities of the host Member State pursuant to this Directive”.
Amendment 303 #
Proposal for a directive – amending act
Article 9 – point 23
Article 9 – point 23
Directive 2006/48/EC
Article 129 – paragraph 2 – subparagraph 5 – sub-subparagraph 2
Article 129 – paragraph 2 – subparagraph 5 – sub-subparagraph 2
If, at the end of the six month period, any of the competent authorityies concerned has referred the matter to the European Banking Authority in accordance with Article 11 of Regulation …/… [EBA], the consolidating supervisor shall defer its decision and await any decision that the European Banking Authority may take in accordance with Article 11(3) of that rRegulation, and shall act on its decision, and shall take its decision in conformity with thate Authority's decision. The six -month period shall be deemed the conciliation period within the meaning of the Regulation. The European Banking Authority shall take its decision within one month. The matter shall not be referred to the Authority after the end of the six -month period or after a joint decision has been reached". Decisions taken by the European Banking Authority shall not replace the lawful exercise of judgment by the competent authorities of the consolidating supervisor pursuant to this Directive";
Amendment 304 #
Proposal for a directive – amending act
Article 9 – point 24 – points a to c
Article 9 – point 24 – points a to c
Directive 2006/48/EC
Article 129 – paragraph 3 – subparagraphs 3 to 5
Article 129 – paragraph 3 – subparagraphs 3 to 5
(a) In the third sub-paragraph, "Committee of European Banking Supervisors" is replaced by "European Banking Authority". (b) The fourth subparagraph is replaced by the following: "In the absence of such a joint decision between the competent authorities within four months, a decision on the application of Articles 123 and 124 and Article 136(2) shall be taken on a consolidated basis by the consolidating supervisor after duly considering the risk assessment of subsidiaries performed by relevant competent authorities. If, at the end of the four -month period, any of the competent authorityies concerned has referred the matter to the European Banking Authority in accordance with Article 11 of Regulation …/… [EBA], the consolidating supervisor shall defer its decision and await any decision that the European Banking Authority may take in accordance with Article 11(3) of that Regulation, and shall acttake its decision in conformity with thate Authority's decision. The four -month period shall be deemed the conciliation period within the meaning of the Regulation. The European Banking Authority shall take its decision within one month. The matter shall not be referred to the Authority after the end of the four- month period or after a joint decision has been reached. Decisions taken by the EBA shall not replace the lawful exercise of judgment by the competent authorities of the consolidating supervisor pursuant to this Directive." (c) The fifth sub-paragraph is replaced by the following: "The decision on the application of Articles 123 and 124 and Article 136(2) shall be taken by the respective competent authorities responsible for supervision of subsidiaries of an EU parent credit institution or an EU parent financial holding company on an individual or sub- consolidated basis after duly considering the views and reservations expressed by the consolidating supervisor. If, at the end of the four -month period, the consolidating supervisorany of the competent authorities concerned has referred the matter to the European Banking Authority in accordance with Article 11 of Regulation …/… [EBA], the competent authorities shall defer their decision and await any decision that the European Banking Authority shall take in accordance with Article 11(3) of that Regulation, and shall acttake its decision in conformity with thate Authority's decision. The four -month period shall be deemed the conciliation period within the meaning of that Regulation. The European Banking Authority shall take its decision within one month. The matter shall not be referred to the Authority after the end of the four- month period or after a joint decision has been reached. Decisions taken by the European Banking Authority shall not replace the exercise of discretion by the competent authorities responsible for supervision of subsidiaries of an EU parent credit institution or an EU parent financial holding company on an individual or sub-consolidated basis pursuant to this Directive."