3 Amendments of Olle LUDVIGSSON related to 2009/0140(COD)
Amendment 106 #
Proposal for a regulation
Recital 11
Recital 11
(11) The ESRB should decide whether a recommendation should be kept confidential or made public, bearing in mind that public disclosure can help to foster compliance with the recommendations in certain circumstancesis generally a good way to foster compliance.
Amendment 146 #
Proposal for a regulation
Article 6 – paragraph 1 – point f a and subparagraph 1 a (new)
Article 6 – paragraph 1 – point f a and subparagraph 1 a (new)
(fa) six independent persons, each Board of Supervisors and each Stakeholder Group of the European Supervisory Authorities designating one. The persons referred to in point (fa) shall not be members of the ESAs but shall be chosen on the basis of their general competence and their diverse backgrounds in academic fields or other sectors, in particular in small and medium-sized enterprises, trade unions or as providers or consumers of financial services. The persons should represent a fair balance between buy-side, sell-side and employees’ representatives. At the time of nomination the European Supervisory Authorities shall indicate which person is designated also to serve on the Steering Committee. The nominations shall be confirmed by the other members of the General Board with voting rights. In carrying out their responsibilities, the persons appointed shall neither seek nor take instructions from any government or other institution, body, office, entity or private person. They shall refrain from any action incompatible with their duties or the performance of their tasks.
Amendment 234 #
Proposal for a regulation
Article 18 – paragraph 1
Article 18 – paragraph 1
1. The General Board of the ESRB shall decide on a case-by-case basis whether a warning or a recommendation should be made public on a case-by-ca. Warnings and recommendations should be kept confidential only in those bcasis. By derogation to Article 10(2), a qualified majority of two- thirds of the votes is needed to make a warning or recommendation publices where there is an apparent risk that they could prompt seriously destabilising market reactions. Deviating from Article 10(2), the non-disclosure of a warning or recommendation requires a qualified two- thirds majority of the votes cast.