8 Amendments of Othmar KARAS related to 2010/2006(INI)
Amendment 123 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 8 a (new)
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 8 a (new)
• request the intervention of the EU Financial Stability Fund.
Amendment 134 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 2 – introductory part
Annex – recommendation 1 – paragraph 8 – subparagraph 2 – introductory part
For banks contributing in the EU Financial Stability Fund, the supervisory powers to be undertaken in coordination with the EU Financial Stability Fund, shall include:
Amendment 194 #
Motion for a resolution
Annex – recommendation 2 – paragraph 6
Annex – recommendation 2 – paragraph 6
6. An EU Financial Stability Fund and a Resolution Unit shall support interventions led by the EBA (crisis management and resolution or insolvency) as regards Systemic Bcross- border banks.
Amendment 198 #
Motion for a resolution
Annex – recommendation 2 – paragraph 6 – subparagraph 1 a (new)
Annex – recommendation 2 – paragraph 6 – subparagraph 1 a (new)
Amendment 214 #
Motion for a resolution
Annex – recommendation 3 – paragraph 2 – indent 2
Annex – recommendation 3 – paragraph 2 – indent 2
• funded ex-ante by the Systemic Bcross-border banks on the basis of risk-based, countercyclical criteria;
Amendment 218 #
Motion for a resolution
Annex – recommendation 3 – paragraph 2 – indent 3
Annex – recommendation 3 – paragraph 2 – indent 3
• separate from Deposit Guarantee Schemes and substitute national similar funds;
Amendment 219 #
Motion for a resolution
Annex – recommendation 3 – paragraph 2 – indent 5 a (new)
Annex – recommendation 3 – paragraph 2 – indent 5 a (new)
Amendment 234 #
Motion for a resolution
Annex – recommendation 4 – paragraph 1
Annex – recommendation 4 – paragraph 1
1. A resolution unit shall be established within the EBAU Financial Stability Fund to lead the resolution and insolvency procedures for Systemic Bcross-border banks. This unit shall: • operate within the strict boundaries defined by the legal framework and the EBA’s competencies; • be a pool of legal and financial expertise specially skilled in bank restructurings, turnarounds and liquidation; • cooperate closely with national authorities on implementation, technical assistance and sharing of staff; • propose the disbursements from the Stability Fund for interventions falling into the resolution phase.