3 Amendments of Udo BULLMANN related to 2012/0242(CNS)
Amendment 126 #
Proposal for a regulation
Recital 9
Recital 9
(9) A European banking union should therefore be set up, underpinned by a true single rulebook for financial services for the Single Market as a whole and composed of a single supervisory mechanism, and a commonuniform European regime for deposit insurance schemes and a resolution framework. In view of the close links and interactions between Member States participating in the common currency, the banking union should apply at least to all Euro area Member States. With a view to maintaining and deepening the internal market, and to the extent that this is institutionally possible, the banking union should also be open to the participation of other Member States.
Amendment 170 #
Proposal for a regulation
Recital 13
Recital 13
(13) Safety and soundness of large banks is essential to ensure the stability of the financial system. However, recent experience shows that smaller banks can also pose a threat to financial stability. Therefore, the ECB should be able to exercise supervisory tasks under the single supervisory mechanism, which should consist of the ECB and the competent national authorities, in relation to all banks of participating Member States.
Amendment 876 #
Proposal for a regulation
Article 19 a (new)
Article 19 a (new)
Article 19a Board of Appeal 1. The Board of Appeal shall be an internal body composed of six members and six alternates appointed by the Governing Council of the ECB. Four members and four alternates shall not currently be members of the staff of the ECB or other national bodies or Union bodies, and shall be individuals of high repute with a proven record of relevant knowledge and professional, including supervisory, experience at a sufficiently high level in the field of banking. The members of the Board of Appeal may not also be members of the body responsible for issuing instructions or making decisions. The Board of Appeal shall appoint its President. 2. National competent authorities shall have the right to appeal against instructions and decisions addressed to them or to credit institutions for which they are competent and against decisions addressed to other national authorities or to credit institutions for which they are not competent if these decisions directly concern them. 3. The Board of Appeal shall examine the appeal within a period appropriate to the urgency of the matter. 4. The Board of Appeal may either confirm the instruction or decision or refer the matter back to the body responsible for issuing instructions or making decisions. The decisions taken by the Board of Appeal shall be reasoned. Where the Board of Appeal confirms the instruction or decision, it shall enter into force without delay. Where the Board of Appeal refers the instruction or decision back to the body responsible for issuing instructions or making decisions, that body shall be bound by the decision of the Board of Appeal and shall amend its decision in the matter concerned. 5. The term of office of the members of the Board of Appeal shall be five years. That term may be extended once. 5. The Governing Council of the ECB shall draw up the rules of procedure of the Board of Appeal.