7 Amendments of Carl HAGLUND related to 2011/0203(COD)
Amendment 69 #
Proposal for a directive
Recital 59 a (new)
Recital 59 a (new)
(59a) Sovereign debt in a currency union has differing dynamics to those of independent currencies. Maintenance of the statutory 0% risk weight of all Member States' sovereign debt should therefore be reviewed and, where there is an instance of non-compliance with the Stability and Growth Pact under Regulation (EC) No 1466/97 and Regulation (EC) No 1467/97, be restricted or withdrawn, as a disciplinary measure to address excessive macroeconomic imbalances and observance of the Stability and Growth Pact.
Amendment 110 #
Proposal for a directive
Article 21 – paragraph -1 (new)
Article 21 – paragraph -1 (new)
-1. Member States or their competent authorities may fully or partially exempt one or more credit institutions situated in the same Member State and which are permanently affiliated to a central body which supervises them and which is established in the same Member State, from the requirements set out in the second sub-paragraph 2 if national law provides that: (a) the commitments of the central body and affiliated institutions are joint and several liabilities or the commitments of its affiliated institutions are entirely guaranteed by the central body; (b) the solvency and liquidity of the central body and of all the affiliated institutions are monitored as a whole on the basis of consolidated accounts of these institutions; and (c) the management of the central body is empowered to issue instructions to the management of the affiliated institutions.
Amendment 111 #
Proposal for a directive
Article 21 – paragraph 1
Article 21 – paragraph 1
1. Competent authoritiesA credit institution referred to in paragraph 1, may be exempt a credit institution that meets the conditions laid down in Article 9 of Regulation [inserted by OP] from Arted from the provisions in Articles 10, 12 and 13 (1) and Title VII Chapter 4 of this Directive and Parts Two to Four and Six to Eight of Regulation (EU) No .../2012 of the European Parliament and of the Council of ... [on prudential requirements for credit institutions and investment firms] provided that, without prejudicle 10, 12 and 13(1) of this Directive, under the conditions set out in Article 9 of that Regulationto the application of those provisions to the central body, the whole as constituted by the central body together with its affiliated institutions is subject to those provisions on a consolidated basis.
Amendment 113 #
Proposal for a directive
Article 21 – paragraph 2
Article 21 – paragraph 2
2. In case of exemptions exercised by the competent authorities in accordance with this Article 9 of Regulation [inserted by OP], Articles 17, 33, 34, 35, 36(1)-(3) and 39-46 of this Directive shall apply to the whole as constituted by the central body together with its affiliated institutions.
Amendment 155 #
Proposal for a directive
Article 65 – paragraph 1
Article 65 – paragraph 1
1. Member States shall provide that their respective competent authorities may takimpose appropriate administrative sanctions and measures where the provisions of Regulation [inserted by OP(EU) No .../2012 of the European Parliament and of the Council of ... [on prudential requirements for credit institutions and investment firms] or the national provisions adopted in the implementation of this Directive have not been complied with, and shall ensure that they are appliedwhere the violation of these provisions is not subject to national criminal law. The sanctions and measures shall be effective, proportionate and dissuasive.
Amendment 156 #
Proposal for a directive
Article 65 – paragraph 2
Article 65 – paragraph 2
2. Member States shall ensure that where obligations apply to institutions, financial holding companies, mixed financial holding companies and mixed-activity holding companies, in case of a breach sanctions can be applied to the members of the management body, and to any other individuals who under national law are responsible for the breachat least these undertakings.
Amendment 451 #
Proposal for a directive
Article 122 b (new)
Article 122 b (new)
Article 122b Measures to address macroeconomic imbalances As a measure to address excessive macroeconomic imbalances and for observance of the Stability and Growth Pact, on an instance of non-compliance with the Stability and Growth Pact under Regulation (EC) No 1466/97 and Regulation (EC) No 1467/97, the Commission, in consultation with the ESRB and EBA, may: - propose a delegated act to vary the 0% risk weight assigned under Art 109 (4) of Regulation (EU) No. .../2012 of ... [on prudential requirements for credit institutions and investment firms]; - issue guidelines for macro-prudential intervention by supervisors at individual Member State level.