17 Amendments of Sven GIEGOLD related to 2017/0232(COD)
Amendment 15 #
Proposal for a regulation
Recital 5
Recital 5
(5) To strengthen the visibility of the ESRB as a body that is separate from its individual members, the Chair of the ESRB should be able to delegate tasks related to the external representation of the ESRB to the head of the ESRB Secretariathe accountability, transparency and independence of the ESRB should be fully ensured and guaranteed. The enhancement of the ESRB's autonomy and of its visibility is necessary. To strengthen the visibility of the ESRB as a body that is separate from its individual members, an open selection of the Chair of the ESRB shall be established.
Amendment 16 #
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) The ESRB Secretariat should be provided with the resources necessary to perform its tasks, including the effective support of the Advisory Scientific Committee and the Advisory Technical Committee.
Amendment 17 #
Proposal for a regulation
Recital 6 b (new)
Recital 6 b (new)
(6b) When identifying and prioritising systemic risks, the ESRB should take due account of environmental, social and governance factors, including the impact of the non-mitigation of these factors on financial stability. Together with the ESAs, it should contribute to the development of methodologies that, inter alia, assess the macroeconomic impact of sudden changes in energy use and revaluate carbon intensive assets including potential changes related to their regulatory treatment;
Amendment 18 #
Proposal for a regulation
Recital 6 c (new)
Recital 6 c (new)
(6c) The Commission, Council and Parliament should involve and consult the ESRB proactively when issues of macroeconomic and financial stability are at stake. The Commission should regularly consult the ESRB when drafting legislative acts relevant to macro- economic stability and in the preparation of the European Semester. Members of the ESRB should be invited to meetings of the Economic and Financial Committee.
Amendment 19 #
Proposal for a regulation
Recital 7
Recital 7
Amendment 20 #
Proposal for a regulation
Recital 9
Recital 9
Amendment 22 #
Proposal for a regulation
Article 1 – paragraph 1 – point -1 (new)
Article 1 – paragraph 1 – point -1 (new)
Regulation (EU) No 1092/2010
Article 3 – paragraph 2 – points d a (new) and d b (new)
Article 3 – paragraph 2 – points d a (new) and d b (new)
Amendment 28 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point a
Article 1 – paragraph 1 – point 2 – point a
Regulation (EU) No 1092/2010
Article 5 – paragraph 1
Article 5 – paragraph 1
1. The ESRB Chairs shall be chaired by the President of the ECBselected in accordance with Article 5a.
Amendment 30 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point a
Article 1 – paragraph 1 – point 2 – point a
Regulation (EU) No 1092/2010
Article 5 – paragraph 2
Article 5 – paragraph 2
2. The first Vice-Chair shall be elected by and from the members of the General Council of the ECB for a term of 5 years, with regard to the need for a balanced representation of Member States overall, and between those which are participating Member States as defined in Article 2(1) of Council Regulation (EU) No 1024/2013**, and those which are not. The first Vice-Chair may be re-elected once. __________________ ** Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (OJ L 287, 29.10.2013, p. 63).”. The first Vice-Chair may be re- elected once.
Amendment 32 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3 – point a – point ii
Article 1 – paragraph 1 – point 3 – point a – point ii
Regulation (EU) No 1092/2010
Article 6 g
Article 6 g
(g) the Chair and the two Vice-Chairs of the Advisory Scientific Committee;;
Amendment 36 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 a (new)
Article 1 – paragraph 1 – point 2 a (new)
Regulation (EU) No 1092/2010
Article 5 a (new)
Article 5 a (new)
(2a) The following Article 5a is inserted: “Article 5a The ESRB Chair 1. The ESRB Chair shall be selected on the basis of merit, skills and knowledge of economic and financial matters, including macro-prudential oversight or policy, following an open call for candidates to be published in the Official Journal of the European Union. The Commission shall submit a shortlist of candidates for the position of the Chair of the ESRB to the European Parliament for approval. The shortlist shall be balanced in terms of gender. After the Parliament’s approval, the General Board shall elect the Chair of the ESRB from the shortlist of candidates. 2. Before taking up his duties, and up to 1 month after the selection by the General Board, the European Parliament may, after having heard the candidate selected by the General Board, object to the designation of the selected person. 3. The term of office of the Chair shall be five years. He or she may be re- appointed once. The Chair shall not be employed at the same time by an authority, institution or body which is responsible for the supervision or oversight of the financial system, in particular of the EFSF, the Commission, a government of any state. If the Chair no longer fulfils the conditions required for the performance of his or her duties or has been found guilty of serious misconduct, the Parliament or the Council, on a proposal by the Commission or on their own initiative, may adopt a decision to remove him or her from office. 4. The Chair shall be provided with all necessary means in order to successfully complete its tasks. The Chair shall not be bound by any instructions and shall act in the interest of the Union as a whole.”
Amendment 44 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3 – point a – point ii
Article 1 – paragraph 1 – point 3 – point a – point ii
Regulation (EU) No 1092/2010
Article 6 – paragraph 1 – point g
Article 6 – paragraph 1 – point g
Amendment 51 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3 a (new)
Article 1 – paragraph 1 – point 3 a (new)
Regulation (EU) No 1092/2010
Article 8 – paragraph 1 – subparagraph 1 a (new)
Article 8 – paragraph 1 – subparagraph 1 a (new)
Amendment 59 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a – point i
Article 1 – paragraph 1 – point 5 – point a – point i
Regulation (EU) No 1092/2010
Article 11 – paragraph 1 – point c
Article 11 – paragraph 1 – point c
(c) four other members of the General Board who are also members of the General Council of the ECB, with regard to the need for a balanced representation of Member States overall, and between those which are participating Member States as defined in Article 2(1) Regulation (EU) No 1024/2013 and those which are not. They shall be elected by and from among the members of the General Board who are also members of the General Council of the ECB, for a period of 3 years;
Amendment 75 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7 a (new)
Article 1 – paragraph 1 – point 7 a (new)
Regulation (EU) No 1092/2010
Article 15 – paragraph 3 a (new)
Article 15 – paragraph 3 a (new)
(7a) in Article 15, the following paragraph 3a is inserted: “3a. All information requests by the ESRB shall be justified and proportionate.”
Amendment 76 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7 b (new)
Article 1 – paragraph 1 – point 7 b (new)
Regulation (EU) No 1092/2010
Article 15 – paragraph 7
Article 15 – paragraph 7
Amendment 80 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9 a (new)
Article 1 – paragraph 1 – point 9 a (new)
Regulation (EU) No 1092/2010
Article 18 – paragraphs 1 and 4 a (new)
Article 18 – paragraphs 1 and 4 a (new)