Activities of Daniel DĂIANU
Plenary speeches (17)
Credit Rating Agencies - Reporting and documentation requirements in the case of merger and divisions - Insurance and reinsurance (Solvency II) (recast) (debate)
Preparation of the European Council (19-20 March 2008) - European Economic Recovery Plan - Guidelines for the Member States’ employment policies - Cohesion Policy: investing in the real economy (debate)
Gas supplies by Russia to Ukraine and the EU (debate)
Draft general budget 2009 as modified by the Council (all sections) (debate)
Future global architecture of financial markets and EU economic recovery plan (debate)
EU response to the world financial crisis: follow-up of the informal European Council from 7 November and of the G20 Summit from 15 November 2008 - Commission's legislative and work programme for 2009 (debate)
European Council meeting (15-16 October 2008) (debate)
Lamfalussy follow up - Future Structure of Supervision (A6-0359/2008, Ieke van den Burg and Daniel Dăianu) (vote)
Lamfalussy follow up - Future Structure of Supervision (debate)
Lamfalussy follow up - Future Structure of Supervision (debate)
Suspension of the WTO Doha Round (debate)
Situation of the world financial system and its consequences on the European markets (debate)
Hedge funds and private equity - Transparency of institutional investors (debate)
Report on the ECB annual report for 2007 (debate)
Towards a reform of the World Trade Organisation (debate)
Preparation of the European Council (Brussels, 13-14 March 2008) (debate)
4th report on economic and social cohesion - Territorial Agenda and the Leipzig Charter (debate)
Reports (1)
REPORT Report with recommendations to the Commission on Lamfalussy follow-up:- future structure of supervision PDF (178 KB) DOC (109 KB)
Written declarations (3)
Amendments (78)
Amendment 31 #
2008/2334(INI)
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas the most recent data provided by the Community on 2009 prospects indicates a rapid deterioration of economic conditions in the entire EU and an insufficient policy response on the part of the Member States,
Amendment 43 #
2008/2334(INI)
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. Whereas Member States that have recently acceded to the EU and that are not in the euro area are badly affected by speculation against their currencies, capital flight and the freezing of international credit markets,
Amendment 53 #
2008/2334(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. stressunderlines that the top priority of the Recovery Plan must be to limit overall damage to economies because of the economic downturn and protect the citizens of the Union, to the greatest extent possible, from the effects of the financial crisis, as they are the most strongly affected whether as workers, as members of households, or as entrepreneurs;
Amendment 113 #
2008/2334(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. considers that the European Central Bank (ECB) has a role to play a much enhanced role as regards monitoring the macro- economic and financial stability in the European Union and that the ECB has to strengthen its role in the supervision of the financial system in the euro area;
Amendment 124 #
2008/2334(INI)
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. encourages the Commission to acknowledge that Member States that have more recently acceded to the EU and that are not members of the euro area might have to prohibit the short-selling of their currencies, in case of massive speculation by outsiders, as a means of averting further financial instability;
Amendment 165 #
2008/2334(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
27. welcomes all the Commission proposals that simplify and accelerate access to the available cohesion instruments and project implementation, namely through anticipatfront-loading funds, increasing support rates, and improving technical assistance and payment procedures;
Amendment 173 #
2008/2334(INI)
Motion for a resolution
Paragraph 28 a (new)
Paragraph 28 a (new)
28a. Stresses that in the current, very dire, circumstances, access to EU funds is necessary for Member States that have more recently acceded to the EU and that are not members of the euro area; those funds would be the required budget stimulus for countries which do not have the room for manoeuvre of the Member States in the euro area, or because they are running large budget and current account deficits;
Amendment 28 #
2008/2244(INI)
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Points out that rising deficits are difficult to avoid in times of economic downturn and suggests that Member States have more flexibility during such times as regards the Stability and Growth Pact (SGP) criteria in order to encourage economic recovery and growth; draws attention to the budgetary implications of the current financial crisis, and calls on the Commission to evaluate the effects on Member States' public finances of the public funds used in the rescue plans for national financial institutions; calls on the Commission to examine the effects of the SGP criteria in the current context, when economic growth is slow and several Member States face the prospect of recession, and calls for an evaluation of the effects of the rising cost of credit on the public debt of Member States;
Amendment 30 #
2008/2244(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Notes that the revised Stability and Growth Pact is functioning properly; considers that the corrective arm has been applied in a satisfactory manner in previous years and sStresses the importance of the preventive arm as a vital instrument in respect of the sustainability and convergence of the financial policies of Member States, in particular those in the euro area; acknowledges, however, that the enforcement mechanism remains the fatal weakness of the SGP;
Amendment 38 #
2008/2244(INI)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Points out that Member States need additional structural reforms and more budgetary discipline, as well as anti- cyclical fiscal policies, reducing budgetary deficits in times of economic growth, in order to be better prepared for dealing with negative external shocks;
Amendment 39 #
2008/2244(INI)
Motion for a resolution
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Acknowledges the additional difficulties presented by the SGP criteria concerning fiscal deficit as regards those Member States with greater needs for financing public works projects in order to speed up real convergence;
Amendment 40 #
2008/2244(INI)
Motion for a resolution
Paragraph 4 c (new)
Paragraph 4 c (new)
4c. Stresses the importance of designing macroeconomic plans for tackling external shocks (such as the subprime financial crisis) that take into account not only the situation in the euro area, but also that in the catching-up economies of the European Union; highlights the risks of focusing on the euro area alone;
Amendment 41 #
2008/2244(INI)
Motion for a resolution
Paragraph 4 d (new)
Paragraph 4 d (new)
4d. Calls for close examination of the proposal to set up a pan-European Union fund for financial crisis situations, possibly starting with the next multi- annual financial framework;
Amendment 3 #
2008/2199(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Notes that the financial crisis has demonstrated the close relationship between the US and EU financial markets, and advocates ongoingnamely the falsity of the decoupling thesis, and advocates a strengthened dialogue between the authorities and reviewing the regulatory and supervisory frameworks;
Amendment 6 #
2008/2199(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Supports removing barriers that hinder investment and transatlantic financial services, and is in favour of gradually integrating the twoimproving the integration of US and EU markets tso allow them tothat they compete better with emerging markets;
Amendment 8 #
2008/2199(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Points out that liberalisingthe integration of financial services markets without a parallel review of the regulatory framework and supervisory standards would make it harder for the authorities to exercise effective control due to the financial institutions and supervisory authorities acting in different spheres;
Amendment 21 #
2008/2199(INI)
Draft opinion
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Calls for defining a joint EU-US framework for action in the field of investments in new, clean technologies since such a strategy would not only tackle the problem of climate change, but would also create new jobs.
Amendment 4 #
2008/2156(INI)
Motion for a resolution
Recital D
Recital D
D. whereas the economic and monetary union (EMU) has in many ways been a success, with the single currency stabilising the economic environment ofenhancing stability in the Member States,
Amendment 7 #
2008/2156(INI)
Motion for a resolution
Recital E
Recital E
E. whereas euro area membership implies a high degree of economic interdependence between the Member States involved and therefore requires closer coordination of economic policies in order to reap the full benefit of the single currency and to face future challenges, such as increased competition for natural resources, global economic imbalances, the economic rise of Asia, climate change and the ageing of the population in Europe,
Amendment 9 #
2008/2156(INI)
Motion for a resolution
Recital F
Recital F
F. whereas the average inflation during the first ten years of the euro area was broadly in line with the ECB´s objective of price stability of close to, but below, 2 %; whereas inflation has recently risen well above this level due to global structural changes, in particular regarding the increases in energy and food prices, as well as a loosening of monetary policy in the United States of America,
Amendment 16 #
2008/2156(INI)
Motion for a resolution
Recital H
Recital H
H. whereas economic growth and the growth of productivity hasve been disappointing, with growth in output per worker halving from 1,5 % during the period 1989 to 1998 to an estimated 0,75 % during 1999 to 2008,
Amendment 52 #
2008/2156(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Considers wage and tax policy as efficient tools both for economic stabilisation and growth; is of the view that wage increases in line with inflation and productivity levels should be ensured and that coordination of tax policy should be selectively used to achieve the economic goals; considers that the fight against tax fraud, both on direct and indirect taxes, is particularly important and that this work should be stepped up; underlines the urgent need to strengthen a culture of encouragement and involvement as part of the concepts of corporate governance and corporate social responsibility;
Amendment 77 #
2008/2156(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Is of the opinion that the ECB should move towards a fulln inflation targeting regime where a shift to a range of targets might be more meaningful than a point target inflation rate, and should make public its inflation forecasts;
Amendment 80 #
2008/2156(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Stresses its willingness to explore possible improvements in the procedure for appointing the members of the ECB's executive board before 2010; regards it as important that a variety of backgrounds in the financial sector be represented among executive board members; draws attention to its calls for an ECB executive board of nine members, thus replacing the system existing now and avoiding the even more complex solution decided upon for the future; urges a corresponding change to the Treaty;
Amendment 85 #
2008/2156(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
27. Deems a Europeanisation of the financial supervision structure to be necessary in the medium term, in order to improve crisis management and cooperation between the European System of Central Banks, supervisory authorities, governments and market participants; takes the view that an integrated, comprehensive (covering all financial sectors), consistent and coherent supervisory framework on the basis of harmonised legislation would decrease compliance costs in the case of multi-jurisdiction activities; notes that 'gold plating' (regulating beyond the minimum requirements of EC legislation) as well as regulatory arbitrage should be avoided; calls on the Commission to put forward proposals for revising the existing supervisory architecture along those principles; is of the opinion that any role for the ECB in terms of supervision should be extended beyond the borders of the euro area, via the European System of Central Banks;
Amendment 86 #
2008/2156(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
29. Highlights that the European Union, as the world's largest economic area with the largest financial markets, should play a leading role at international level in terms of reforming the regulatory system for financial services for the benefit of all countries involved and overall stability; considers that financial stability should become a fundamental goal of policy making in a world of increasingly integrated financial markets and financial innovation, which may sometimes have destabilising effects; is convinced that any ambitious decisions adopted at EU level will encourage other countries to follow, and in this respect highlights the responsibility for also tackling global or 'off shore' problems; takes the view that the political accountability of the international regulatory bodies needs to be addressed in parallel with this regulatory work;
Amendment 113 #
2008/2156(INI)
Motion for a resolution
Paragraph 40 a (new)
Paragraph 40 a (new)
40a. Highlights that a common vision of the European Union is needed regarding the reform of international financial institutions, which should take into account the challenges of a global economy including the emergence of new economic powers;
Amendment 127 #
2008/2156(INI)
Motion for a resolution
Paragraph 41 – point n – indent 5
Paragraph 41 – point n – indent 5
- organise Troika meetings between Parliament, the Council and Parliamentthe Commission four times a year;
Amendment 13 #
2008/2122(INI)
Motion for a resolution
Recital I
Recital I
I. whereas the current financial crisis demonstrates the disadvantages of complex financial products and, at the same time, underlines the importance of institutions that focus their business on local development, and reveals the need to have in place all possible channels for providing financing to business,
Amendment 19 #
2008/2122(INI)
Motion for a resolution
Recital L a (new)
Recital L a (new)
La. whereas in a not insignificant number of cases those willing to access funds under the EU's cohesion policy in order to set up small family businesses, might face difficulties in providing the required co- financing,
Amendment 30 #
2008/2122(INI)
Motion for a resolution
Recommendation 2 – point a - introductory part
Recommendation 2 – point a - introductory part
(a) The (co-)financing of the following projects subject to such financing being specifically targeted at promoting the availability of microcredit for disadvantaged target groups as defined by Member States for their jurisdiction (such as the Roma society, immigrants, people living in deprived rural areas, people with precarious work situations and women):
Amendment 33 #
2008/2122(INI)
Motion for a resolution
Recommendation 2 – point a - point iii a (new)
Recommendation 2 – point a - point iii a (new)
Amendment 23 #
2008/2054(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Emphasises that the legally binding nature of the MFF necessitates the introduction of more flexible implementing arrangements so that the Union can respond sufficiently flexibly and effectively to unforeseen challenges, both within and outside the European Union;
Amendment 1 #
2008/2026(BUD)
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Notes the changes in the international economy, which open new opportunities for SMEs at the global level and calls for more SME involvement in international projects through subcontracts concerning activities within their expertise; suggests that preparatory action provide a basis for a European strategy for SME involvement in projects with third countries;
Amendment 2 #
2008/2026(BUD)
Draft opinion
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Underlines the necessity for improved efficiency, competitiveness and quality of SME products; in order to meet the needs of SMEs, suggests providing funding for a pilot project leading to the creation of a European centre for digital innovation in industry;
Amendment 3 #
2008/2026(BUD)
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Welcomes the Memorandum of Understanding on Cooperation between the Financial Supervisory Authorities, Central Banks and Finance Ministries of the European Union on Cross-Border Financial Stability; calls for sufficient funding and a full commitment to its implementation at EU level; in this respect, recommends funding a pilot project aimed at identifying a common toolbox of procedures for crisis prevention, management and resolution at EU level;
Amendment 4 #
2008/2026(BUD)
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Calls for appropriate funding for targeted projects that would facilitate access to finance for SMEs; suggests that a pilot project be promoted for training and coaching SMEs to obtain financing; considers that particular attention should be attributed in this project to the exchange of experience and knowledge between SMEs across Member States;
Amendment 5 #
2008/2026(BUD)
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Notes that an estimated EUR 40 billion are lost every year due to VAT fraud; calls for a pilot project to explore the potential of reducing carousel fraud and other shortcomings in the VAT payment cycle; considers that that pilot project should, in particular, explore the possibility of moving the point of taxation from the invoicing to the settlement stage, using an automated intra-EU VAT- collection system;
Amendment 13 #
2008/2026(BUD)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Recognises that significant efforts of redeployment have been made in order to limit staff increases and related costs; stresses, nevertheless, that the overall effectiveness of the use of human resources towards the fulfilment of specific tasks should also be considered. Also, the Bureau and the Administration will need to keep a consistent focus on thisese issues for future years and will also need to communicate the Parliament's priorities much more effectively in order to make the underlying assumptions better understood; as a first and significant step, welcomes the analytical and clear establishment plan presented, albeit later than planned;
Amendment 34 #
2008/2026(BUD)
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
Amendment 4 #
2008/0807(CNS)
Proposal for a regulation – amending act
Recital 7 a (new)
Recital 7 a (new)
Bank (7a) In order to enhance transparency, the statistical data collected from financial sector institutions by the ESCB should be made publicly available but a high level of data protection should be guaranteed.
Amendment 5 #
2008/0807(CNS)
Proposal for a regulation – amending act
Recital 8
Recital 8
Bank (8) Furthermore, it is important to ensure close cooperation between the ESCB and the European Statistical System (ESS) in order to avoid duplication in statistical data collection, notably to foster exchange of confidential data between the two systems for statistical purposes, in the light of Article 285 of the Treaty and Article 5 of the Statute.
Amendment 6 #
2008/0807(CNS)
Proposal for a regulation – amending act
Article 1 – point 2 – point a
Article 1 – point 2 – point a
Regulation 2533/98/EC
Article 2 – paragraph 1
Article 2 – paragraph 1
Bank 1. For the fulfilment of the ECB’s statistical reporting requirements, the ECB, assisted by the national central banks in accordance with Article 5.2 of the Statute, shall have the right to collect statistical information for the development, production and dissemination of European Statistics, including euro area statistics, within the limits of the reference reporting population and of what is necessary to carry out the tasks of the ESCB. In particular, information may be collected to fulfil the ECB’s statistical reporting requirements including in the area of monetary and financial statistics, payments and payment systems statistics, financial stability statistics, balance of payments and international investment position statistics.
Amendment 7 #
2008/0807(CNS)
Proposal for a regulation – amending act
Article 1 – point 2 a (new)
Article 1 – point 2 a (new)
Regulation 2533/98/EC
Article 2 a (new)
Article 2 a (new)
Bank (2a) The following article is inserted: Article 2a "In order to minimise the reporting burden, avoid duplication, and guarantee a coherent approach to the production of European Statistics, the ESCB and the ESS shall cooperate closely, while complying with the statistical principles laid down in Article 3.".
Amendment 9 #
2008/0807(CNS)
Proposal for a regulation – amending act
Article 1 – point 4 – point g
Article 1 – point 4 – point g
Regulation 2533/98/EC
Article 8 – paragraph 11
Article 8 – paragraph 11
Bank 11. Without prejudice to national provisions on the exchange of confidential statistical information other than information covered in this Regulation, the transmission of confidential statistical information between an ESCB member that collected the information and an ESS authority may take place provided that this transmission is necessary for the efficient development, production or dissemination or for increasing the quality of European Statistics, including euro area statistics, within the respective spheres of competence of the ESS and the ESCB. Any transmission beyond the first transmission must be explicitly authorised by the ESCB member that collected the information.
Amendment 146 #
2008/0217(COD)
Proposal for a regulation
Recital 13
Recital 13
(13) Long lasting relationships with the same rated entities or its related third parties could compromise independence of analysts and persons approvingand vigilance of credit rating agencies. Therefore those analysts and personcredit rating agencies should be subject to a rotation mechanism. Hence no entity should be able to use the same credit rating agency more than six years running.
Amendment 175 #
2008/0217(COD)
Proposal for a regulation
Recital 19
Recital 19
(19) Credit rating agenciMeasures should be take measures to avoidn to limit as far as possible situations where issuers request the preliminary rating assessment of the structured finance instrument concerned from a number of credit rating agencies in order to identify the one offering the best credit rating for the proposed structure. Issuers should also avoid applying such practices.The Commission is asked to find the most suitable means of ensuring that such practices are limited as swiftly as possible
Amendment 272 #
2008/0217(COD)
Proposal for a regulation
Article 6 – paragraph 4 – subparagraph 1
Article 6 – paragraph 4 – subparagraph 1
4. A credit rating agency shall ensure that analysts and persons approving credit ratings shall not be involved in providing the credit rating services to the same rated entity or its related third parties for a period exceeding fourthree years. For that purpose it shall establish a rotation mechanism with regard to those analysts and persons.
Amendment 278 #
2008/0217(COD)
Proposal for a regulation
Article 6 – paragraph 4 – subparagraph 2
Article 6 – paragraph 4 – subparagraph 2
Amendment 5 #
2008/0208(CNS)
Proposal for a regulation – amending act
Article 1 a (new)
Article 1 a (new)
Regulation (EC) No 332/2002
Article 10
Article 10
Amendment 109 #
2008/0191(COD)
Proposal for a directive – amending act
Article 1 – point 21 – point b – point ii
Article 1 – point 21 – point b – point ii
Directive 2006/48/EC
Article 113 – paragraph 3 – subparagraph 1– point f
Article 113 – paragraph 3 – subparagraph 1– point f
(f) exposures to counterparties referred to in paragraph 7 or paragraph 8 ofArticle 80(7) and (8), but excluding Article 80(7)(d), if they would be assigned a 0 % risk weight under Articles 78 to 83; exposures that do not meet these criteria, whether exempted from Article 111(1) or not, shall be treated as exposures to a third party.
Amendment 129 #
2008/0191(COD)
Proposal for a directive – amending act
Article 1 – point 21 – point d
Article 1 – point 21 – point d
Directive 2006/48/EC
Article 113 – paragraph 4 – point c
Article 113 – paragraph 4 – point c
(c) notwithstanding point (f) of paragraph 1 of this Article, exposures, including participations or other kind of holdings, incurred by a credit institution to its parent undertaking, to other subsidiaries of that parent undertaking or to its own subsidiaries, in so far as those undertakings are covered by the supervision on a consolidated basis to which the credit institution itself is subject, in accordance with this Directive or with equivalent standards in force in a third country; exposures that do not meet these criteria, whethere exempted from Article 111(1) or not, shall be treated as exposures to a third party.
Amendment 30 #
2008/0150(CNS)
Proposal for a directive – amending act
Article 1 – point 1
Article 1 – point 1
Directive 92/79/EEC
Article 2 – paragraph 2
Article 2 – paragraph 2
2. As from 1 January 2014, Member States shall ensure that excise duty (specific duty and ad valorem duty) on cigarettes represents at least 63 % of the weighted average retail selling price of cigarettes sold. That excise duty shall not be less than EUR 90 per 1 000 cigarettes irrespective of the weighted average retail selling price. However, Member States which levy an excise duty of at least EUR 122 per 1 000 cigarettes on the basis of the weighted average retail selling price need not comply with the 63% requirement set out in the first subparagraph.”shall not be less than EUR 90 per 1 000 cigarettes.
Amendment 37 #
2008/0150(CNS)
Proposal for a directive – amending act
Article 1 – point 1
Article 1 – point 1
Directive 92/79/EEC
Article 2 – paragraph 4
Article 2 – paragraph 4
4. By way of derogation from paragraph 2 the second and third subparagraphs of this paragraph shall apply. Poland, HungaryHungary, Poland and Slovakia shall be authorised to bring into force the provisions necessary to comply with paragraph 2 by 31 December 2014 at the latest; they shall apply those provisions from 1 January 20159. Romania, Bulgaria, Lithuania, Estonia and LatvBulgaria, Estonia, Latvia, Lithuania, and Romania shall be authorised to bring into force the provisions necessary to comply with paragraph 2 by 31 December 2015 at the latest; they shall apply those provisions from 1 January 201620.
Amendment 12 #
2008/0016(COD)
Proposal for a directive
Recital 2
Recital 2
Amendment 26 #
2008/0016(COD)
Proposal for a directive
Recital 40
Recital 40
(40) Where biofuels and other bioliquids are made from raw material produced in the EU, they should also comply with EU environmental requirements for agriculture and should not endanger food production. Applying such criteria to imports from third countries is administratively and technically unfeasible.
Amendment 51 #
2008/0016(COD)
Proposal for a directive
Article 15 – paragraph 5 a (new)
Article 15 – paragraph 5 a (new)
5a. Biofuel crops shall not prevent or diminish the use of good quality land for food production. Food production should not be endangered by biofuel production.
Amendment 57 #
2008/0016(COD)
Proposal for a directive
Annex I – point A
Annex I – point A
A. National overall targets Share of energy from Target for share of renewable sources in energy from final consumption of renewable sources in energy, 2005 (S2005) final consumption of energy, 2020 (S2020) Belgium 2.2%2,2% 13,2% Bulgaria 9.9,4% 16,1% The Czech Republic 6.6,1% 13 12,7% Denmark 17.,0% 30,1% Germany 5.,8% 18,3% Estonia 18.,0% 25 24,7% Ireland 3.,1% 16,5% Greece 6.9%6,9% 18,0% Spain 8.8,7% 20 19,6% France 10.,3% 23 23,0% Italy 5.,2% 17,0% Cyprus 2.9%2,9% 13,2% Latvia 34.,9% 42% 41,9% Lithuania 15.,0% 23% 22,8% Luxembourg 0. 0,9% 11% 10,7% Hungary 4. 4,3% 13% 12,7% Malta 0. 0,0% 10% 10,3% The Netherlands 2. 2,4% 14% 14,5% Austria 23.,3% 34% 34,5% Poland 7. 7,2% 15% 15,0% Portugal 20.,5% 31% 30,7% Romania 17.,8% 24% 23,6% Slovenia 16.,0% 25% 24,6% The Slovak Republic 6.,7% 14% 14,2% Finland 28.,5% 38% 38,2% Sweden 39.,8% 49% 50,03% United Kingdom 1. 1,3% 15% 15,2%
Amendment 2 #
2007/2290(INI)
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses that a sustainable pensions system needs a pragmatic approach, taking into account and adapting to demographic and economic challenges;. in this sense, the three pillar structure is a balanced option; the statutory pensions (first pillar) should be flanked by the collectively funded pension systems (second pillar) and by individual additional third pillar products;
Amendment 3 #
2007/2290(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Notes that collective second pillar occupational pension schemes based on capital funding have an important role to play in flanking first pillar statutory pension provision while avoiding that individual additional third pillar products are available only to very few people; stresses the value of collectively funded pension systems that combine solidarity with often high returns because of volume, long-term and prudent but profitable investment strategies;
Amendment 4 #
2007/2290(INI)
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Points to the resolution of the European Parliament no. 2006/2270 and stresses the importance of developing a transparent and flexible European social security and pension market, by reducing fiscal barriers and the obstacles of transferability of pension rights from a Member State to another; the creation of a single pensions market requires a European framework of regulation of pension products;
Amendment 6 #
2007/2290(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Urges the Commission to review urgently Directive 2003/41/EC, based on advice from the CEIOPS, in order to provide a solid solvency regime appropriate to institutions for occupational retirement provision; stresses that such a regime mayshould be based on the Solvency II approach but must cater for the specificities of those institutions such as the long-term nature of the pension schemes they operate; considers that such a special solvency regime would underpin financial stability and prevent regulatory arbitrage;
Amendment 9 #
2007/2290(INI)
Draft opinion
Paragraph 6
Paragraph 6
6. Is concerned about theNotes current trend to shift from defined benefit pension systems to defined contribution pension systems, accompanied by a sharpnd is worried about the decline in employer contributions;, warns that the revision envisaged of IAS 19 should not add to that trend by abolishing the so- callhich accompanies this trend; emphasises the need for strengthened participation of employees and for increased “corridor”-approach, which corrects extreme short-term volatilityntribution by employers in the defined contribution pension;
Amendment 3 #
2007/2253(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Points out that the development of the media system is increasingly driven by profit making and therefore social, political or, economic processes or ethical values are not adequately safeguarded, which is why anti-trust law must be interlinked with media law;
Amendment 9 #
2007/2253(INI)
Draft opinion
Paragraph 9
Paragraph 9
9. Calls for further indicators in addidtion to media plurality to be drawn up to examine the media system, including its orientation as regards democracy, the rule of law, and human minority rights and ethical behaviour.
Amendment 13 #
2007/0267(CNS)
Proposal for a directive – amending act
Recital 8
Recital 8
(8) By strengthening cross-border co- operation, providers of insurance and financial services may increase their competitiveness and contribute to the realisation of the internal market. Subject to compliance with the principle of tax neutrality and the proven transparency of their operations, the economic operators concerned should therefore be given the right to opt for taxation and to co-operate on a cost-sharing basis.
Amendment 49 #
2007/0267(CNS)
Proposal for a directive – amending act
Article 1 – point 4
Article 1 – point 4
Directive 2006/112/EC
Article 137b – point 5 a (new)
Article 137b – point 5 a (new)
(5a) the group provides the fiscal authority of the Member State where it is registered with a yearly report containing details regarding the volume and the types of investment carried out by the group, as well as the way in which the cost was shared among its members. Should the information provided by the report be incorrect or insufficient, the fiscal authority of the Member State concerned may launch investigations into the group. In the event that irregularities are found, these shall be reported to the Commission in order that necessary measures be taken.
Amendment 23 #
2007/0198(COD)
Proposal for a regulation – amending act
Article 1 – point 3
Article 1 – point 3
Regulation (EC) No 1228/2003
Article 2h – paragraph 1 – subparagraph 1
Article 2h – paragraph 1 – subparagraph 1
1. Transmission system operators shall establish regional cooperation within the European Network for Transmission System Operators for Electricity to contribute to the tasks mentioned in Aarticle 2c(1). In particular, they shall provide information on their development plans and publish a regional investment plan every two years, and may take investment decisions based on the regional investment plan, with the prior approval of the Agency for the Cooperation of Energy Regulators.
Amendment 24 #
2007/0198(COD)
Proposal for a regulation – amending act
Article 1 – point 4
Article 1 – point 4
Regulation (EC) No 1228/2003
Article 5 – paragraph 4
Article 5 – paragraph 4
4. Transmission sSystem oOperators shall publish relevant data on forecast and actual demand, on availability and actual use of generation and load assets, on availability and use of the network and interconnectors, and on balancing power and reserve capacity. Individual data concerning generators and loads, as well as data relating to the transmission grid, may be kept confidential if the protection of the critical infrastructure so requires. However, such confidentiality shall not apply as regards the European Parliament, the Council, the Commission, and the Agency for the Cooperation of Energy Regulators.
Amendment 82 #
2007/0197(COD)
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
1. The Administrative Board shall be composed of twelve members, of 12 different nationalities, chosen on the basis of their expertise. Six shall be appointed by the Commission, and six by the Council, after consulting the European Parliament. The term of office shall be of five years, renewable once.
Amendment 103 #
2007/0197(COD)
Proposal for a regulation
Article 13 – paragraph 2
Article 13 – paragraph 2
2. The Director shall be appointed by the Administrative BoardBoard of Regulators, on the basis of merits as well as skills and experience, from a list of at least two candidates proposed by the Commission, and two candidates proposed by the Council, following a call for expression of interest. Before appointment, the candidate selected by the Administrative BoardBoard of Regulators may be invited to make a statement before the competent committee of the European Parliament and answer questions put by its members. The European Parliament may object to the appointment if the replies given do not conform to EU guidelines.
Amendment 120 #
2007/0143(COD)
Proposal for a directive
Recital 93 a (new)
Recital 93 a (new)
(93a) The application of the Solvency II regime should concern all pension activities, achieving greater consumer protection and confidence.
Amendment 589 #
2007/0143(COD)
Proposal for a directive
Article 236 – paragraph 2
Article 236 – paragraph 2
2. Where the Solvency Capital Requirement of the subsidiary is calculated on the basis of an internal model approved at group level in accordance with Article 229 and the supervisory authority having authorised the subsidiary considers that its risk profile deviates significantly from this internal model, and as long as that undertaking does not properly address the concerns of the supervisory authority, that authority may, in the cases referred to in Article 37, propose to the group supervisor to impose a capital add-on to the Solvency Capital Requirement of that subsidiary resulting from the application of such model, or, in exceptional circumstances where such capital add-on would not be appropriate, to require that undertaking to calculate its Solvency Capital Requirement on the basis of the standard formula. The supervisory authority will decide together with the group supervisor on the necessary measures to impose in each case. The supervisory authority shall communicate the grounds for such proposals to both the subsidiary and the group supervisor.
Amendment 593 #
2007/0143(COD)
Proposal for a directive
Article 236 – paragraph 3 – subparagraph 1
Article 236 – paragraph 3 – subparagraph 1
3. Where the Solvency Capital Requirement of the subsidiary is calculated on the basis of the standard formula and the supervisory authority having authorised the subsidiary considers that its risk profile deviates significantly from the assumptions underlying the standard formula, and as long as that undertaking does not properly address the concerns of the supervisory authority, that authority may, in the cases referred to in Article 37, propose to and decide, together with the group supervisor, to impose a capital add- on to the Solvency Capital Requirement of that subsidiary.
Amendment 607 #
2007/0143(COD)
Proposal for a directive
Article 236 – paragraph 4 – subparagraph 1
Article 236 – paragraph 4 – subparagraph 1
4. Where the supervisory authority and the group supervisor disagree, or in the absence of a decision from the group supervisor within one month from the proposal of the supervisory authority, the matter shall be referred for consultation to the Committee of European Insurance and Occupational Pensions Supervisors, which shall give its advicemake a proposal within two months.
Amendment 610 #
2007/0143(COD)
Proposal for a directive
Article 236 – paragraph 4 – subparagraph 2
Article 236 – paragraph 4 – subparagraph 2
Amendment 619 #
2007/0143(COD)
Proposal for a directive
Article 236 – paragraph 4 – subparagraph 3
Article 236 – paragraph 4 – subparagraph 3
In the absence of a joint final decision from the group supervisor and the supervisory authority within one month from the date of the adviceproposal of the Committee of European Insurance and Occupational Pensions Supervisors, the proposal from the supervisory authorityCommittee shall be deemed to have been accepted. The proposal will become binding for both the supervisory authority and the group supervisor.
Amendment 758 #
2007/0143(COD)
Proposal for a directive
Article 248 – paragraph 2 - subparagraph 3
Article 248 – paragraph 2 - subparagraph 3
The risk concentrations shall be subject to supervisory review by the group supervisor at group level and by the supervisory authority for the subsidiaries.