10 Amendments of Olle LUDVIGSSON related to 2014/0020(COD)
Amendment 144 #
Proposal for a regulation
Recital 20
Recital 20
(20) Remuneration policies which encourage excessive risk-taking can undermine sound and effective risk management of banks. By complementing relevant existing Union law in this area, and while respecting the rights and roles of social partners, remuneration provisions should contribute to preventing circumvention of the prohibition of proprietary trading. Similarly, it should curtail any residual or hidden proprietary trading activity by core credit institutions when carrying out prudent risk management.
Amendment 187 #
Proposal for a regulation
Recital 34
Recital 34
(34) Separation entails changes to the legal, organisation and operational structure of affected banking groups, all of which generate costs. In order to limit the risk of costs being passed on to clients or employees and grant the credit institutions the time necessary to execute a separation decision in an orderly fashion, separation should not be applicable immediately upon entry into force of the Regulation but apply as of [OP please enter the exact date 18 months from the date of publication of this Regulation].
Amendment 189 #
Proposal for a regulation
Recital 34 a (new)
Recital 34 a (new)
(34 a) The active involvement of employees is a key to making separation work. When planning for separation, the group or credit institution should ensure that there are procedures in place to inform and consult with employees and their representatives throughout the separation process. Where applicable, collective agreements, or other arrangements provided for by social partners, should be taken into account in this regard.
Amendment 201 #
Proposal for a regulation
Recital 45 a (new)
Recital 45 a (new)
(45 a) The provisions on remuneration in this Regulation should be without prejudice to the full exercise of fundamental rights guaranteed by Article 153(5) TFEU, and the rights, where applicable, of the social partners to conclude and enforce collective agreements, in accordance with national law and customs.
Amendment 356 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
Without prejudice to the remuneration rules laid down in Directive 2013/36/EU, the remuneration policy of the entities referred to in Article 3 shall be designed and implemented in such a way that it does not, directly or indirectly, encourage or reward the carrying out by any staff member of activities prohibited in Article 6(1). Social partners shall, where applicable, be consulted in this process, with respect for their rights to conclude and enforce collective agreements.
Amendment 577 #
Proposal for a regulation
Article 11 – paragraph 2 – subparagraph 2
Article 11 – paragraph 2 – subparagraph 2
The management body shall ensure that the remuneration policy of the core credit institution is in line with the provisions set out in the first subparagraph, acting on the advice of the risk committee, where such a committee is established in accordance with Article 76(3) of Directive 2013/36/EU. In doing this, the management body shall, where applicable, consult the social partners.
Amendment 661 #
Proposal for a regulation
Article 18 – paragraph 2 – subparagraph 2 – point b a (new)
Article 18 – paragraph 2 – subparagraph 2 – point b a (new)
(b a) a description of the procedures to be used for informing and consulting with employees and their representatives throughout the separation process;
Amendment 808 #
Proposal for a regulation
Article 29 – paragraph 1 – point b a (new)
Article 29 – paragraph 1 – point b a (new)
(b a) whether and to what extent a natural person not holding a management position has merely followed internal rules, instructions or practices;
Amendment 815 #
Proposal for a regulation
Article 30 – paragraph 2 – point b
Article 30 – paragraph 2 – point b
(b) appropridequate protection for persons working under a contract of employmentees, who report breaches or who are accused of breaches, against retaliation, discrimination or other types of unfair treatment;
Amendment 818 #
Proposal for a regulation
Article 30 – paragraph 3
Article 30 – paragraph 3
3. Member States shall require employers to have in place appropriate internal proceduresmechanisms, to which paragraph 2 of this article shall be applied, for their employees to report breaches referred to in Article 28(1). Such mechanisms can be established through collective agreements or other arrangements provided for by social partners.