Activities of Sharon BOWLES related to 2010/0232(COD)
Plenary speeches (1)
Supplementary supervision of financial entities in a financial conglomerate (debate)
Amendments (6)
Amendment 93 #
Proposal for a directive – amending act
Article 2 – point 2 – point -a (new)
Article 2 – point 2 – point -a (new)
Directive 2002/87/EC
Article 3 – paragraph 1
Article 3 – paragraph 1
(-a) Paragraph 1 is replaced by the following: "1. [...] The activities of a group shall be deemed mainly to occur in the financial sector within the meaning of Article 2(14)(c) where either: (a) the ratio of the balance sheet total of the regulated and non-regulated financial sector entities in the group to the balance sheet total of the group as a whole exceeds 40 %; or (b) the European Supervisory Authority (European Banking Authority), the European Supervisory Authority (European Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets Authority), through the Joint Committee, has decided that the total of activities in the banking sector, insurance sector and investment services sector is materially relevant."
Amendment 96 #
Proposal for a directive – amending act
Article 2 – point 2 – point a
Article 2 – point 2 – point a
Directive 2002/87/EC
Article 3 – paragraph 2 – subparagraph 3
Article 3 – paragraph 2 – subparagraph 3
Asset management companies within the meaning of Article 30 are added to the sector they belong to within the group; if they do not belong exclusively to one sector within the group, they are added to the smallest financial sector with which they have the closest connection.
Amendment 107 #
Proposal for a directive – amending act
Article 2 – point 2 – point f
Article 2 – point 2 – point f
Directive 2002/87/EC
Article 3 – paragraph 8
Article 3 – paragraph 8
8. The European Banking Authority and the European Insurance and Occupational Pensions Authorityrelevant ESA, through the Joint Committee, shall issue common guidelines aimed at the convergence of supervisory practices with regard to the application of paragraphs 2, 3, 3a, 4 and 5 of this Article.
Amendment 111 #
Proposal for a directive – amending act
Article 2 – point 2 a (new)
Article 2 – point 2 a (new)
Directive 2002/87/EC
Article 5 – paragraph 5 a (new)
Article 5 – paragraph 5 a (new)
(2a) In Article 5, the following paragraph is added: "5a. The relevant ESA, through the Joint Committee, shall issue common guidelines aimed at developing supervisory practices allowing for supplementary supervision of financial holding companies to appropriately complement the group supervision under Directive 98/78/EC or, as appropriate, consolidated supervision under Directive 2006/48/EC. Those guidelines shall allow all relevant risks to be incorporated in the supervision, while eliminating potential overlaps and preserving a level playing field."
Amendment 127 #
Proposal for a directive – amending act
Article 2 – point 9 a (new)
Article 2 – point 9 a (new)
Directive 2002/87/EC
Article 21 a – paragraph 1 – subparagraph 1 – point c a (new)
Article 21 a – paragraph 1 – subparagraph 1 – point c a (new)
Amendment 128 #
Proposal for a directive – amending act
Article 2 – point 9 b (new)
Article 2 – point 9 b (new)
Directive 2002/87/EC
Article 21 a – paragraph 2 a (new)
Article 21 a – paragraph 2 a (new)
(9b) In Article 21a, the following paragraph is added: 2a. From [1 January 2013], the Member States shall require a uniform format, frequency and dates for reporting of the calculations referred to in this Article, in accordance with the technical standards established under Article 21a(1)(ca)."