20 Amendments of Danuta Maria HÜBNER related to 2010/2006(INI)
Amendment 8 #
Motion for a resolution
Recital D
Recital D
D. whereas uncoordinated actions by national authorities increased the risk of protectionist behaviour, distortion of competition including through state aid and threatened the construction of an internal market for financial services,
Amendment 13 #
Motion for a resolution
Recital F
Recital F
F. whereas citizens demand thatthere is a clear need for the EU institutions to urgently create an adequate framework which, in the event of crisis, would preserve financial stability, would minimise the cost to taxpayers, would preserve basic banking services and would protect depositors,
Amendment 29 #
Motion for a resolution
Recital N
Recital N
N. whereas a limited number of banks (“Systemic Banks”) represent an extremely high level of systemic risk due to their size, complexity and interconnectedness across Europe, calling for an urgent andcross border banks have an international dimension and should therefore be subject to a targeted special regime,
Amendment 39 #
Motion for a resolution
Recital O
Recital O
O. whereas a special regime for Systemic Bcross- border banks, in order to be effective in supporting interventions, requires a common set of rules, appropriate expertise and financial resources,
Amendment 43 #
Motion for a resolution
Recital P
Recital P
Amendment 64 #
Motion for a resolution
Annex – recommendation 1 – paragraph 1 a (new)
Annex – recommendation 1 – paragraph 1 a (new)
1a. Make sure that no private customer deposit as well as central bank liquidity facilities should be used by big universal banks for refinancing high risk investment activities. For this purpose, internal fire walls should be set up by universal banks, also in order to enable supervisors to monitor this principle. This reduces risks for deposits and ensures that deposits and central bank liquidity will serve as main source of financing the real economy.
Amendment 82 #
Motion for a resolution
Annex – recommendation 1 – paragraph 3
Annex – recommendation 1 – paragraph 3
3. Attribute to the relevant supervisor the responsibility for crisis management and the approval of each bank’s contingency plan, as follows: • for Systemic Banks: the European Banking Authority (EBA) in close cooperation with the college of national supervisors and the Cross -Border Stability Groups (as defined in the above-mentioned Memorandum of Understanding of June 2008); • for all other cross border non-systemic banks: the consolidated supervisor within the college, under the coordination of the EBA and in consultation with the Cross Border Stability Groups; • for local banks: the local supervisor.
Amendment 84 #
Motion for a resolution
Annex – recommendation 1 – paragraph 3
Annex – recommendation 1 – paragraph 3
3. Attribute to the relevant supervisor the responsibility for crisis management and the approval of each bank’s contingency plan, as follows: • for Systemic Bcross-border banks: the European Banking Authority (EBA) in close cooperation with the college of national supervisors and the Cross -Border Stability Groups (as defined in the above-mentioned Memorandum of Understanding of June 2008); • for all other cross border non-systemic banks: the consolidated supervisor within the college, under the coordination of the EBA and in consultation with the Cross- Border Stability Groups; • for local banks: the local supervisor.
Amendment 87 #
Motion for a resolution
Annex – recommendation 1 – paragraph 4
Annex – recommendation 1 – paragraph 4
4. Design an EU supervisors’ common set of rules for crisis management including common methodologies, definitions and terminology.
Amendment 124 #
Motion for a resolution
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 8 a (new)
Annex – recommendation 1 – paragraph 8 – subparagraph 1 – indent 8 a (new)
• control the process of intra-group asset transfers;
Amendment 143 #
Motion for a resolution
Annex – recommendation 2 – title
Annex – recommendation 2 – title
Recommendation 2 on SystemicCross-Border Banks
Amendment 152 #
Motion for a resolution
Annex – recommendation 2 – paragraph 1
Annex – recommendation 2 – paragraph 1
1. Systemic BCross-border banks, due to their special risk profile, require to be urgently addressed by a new special regime to be known as the European Bank Company Law to be designed until the end of 2011.
Amendment 159 #
Motion for a resolution
Annex – recommendation 2 – paragraph 2
Annex – recommendation 2 – paragraph 2
2. Systemic BCros-border banks shall adhere to the new special regime which shall overcome legal impediments to effective action across borders while ensuring clear, equal and predictable treatment of shareholders, depositors, creditors and other stakeholders.
Amendment 168 #
Motion for a resolution
Annex – recommendation 2 – paragraph 3
Annex – recommendation 2 – paragraph 3
Amendment 175 #
Motion for a resolution
Annex – recommendation 2 – paragraph 4
Annex – recommendation 2 – paragraph 4
Amendment 185 #
Motion for a resolution
Annex – recommendation 2 – paragraph 5
Annex – recommendation 2 – paragraph 5
5. For each of the Systemic Bcross-border banks, the EBA shall lead the college of supervisors, act under normal circumstances through national supervisors and retain the ultimate decision power and a binding mediating role.
Amendment 196 #
Motion for a resolution
Annex – recommendation 2 – paragraph 6
Annex – recommendation 2 – paragraph 6
6. An EU Financial Stability Fund and a Resolution Unit shall support interventions led by the EBA (resolution or insolvency) as regards Systemic Bcross-border banks.
Amendment 213 #
Motion for a resolution
Annex – recommendation 3 – paragraph 2 – indent 2
Annex – recommendation 3 – paragraph 2 – indent 2
• funded ex-ante by the Systemic Bcross-border banks on the basis of risk-based, countercyclical criteria;
Amendment 230 #
Motion for a resolution
Annex – recommendation 3 – paragraph 3 – indent 4
Annex – recommendation 3 – paragraph 3 – indent 4
Amendment 240 #
Motion for a resolution
Annex – recommendation 4 – paragraph 1
Annex – recommendation 4 – paragraph 1
1. A resolution unit shall be established within the EBA to lead the resolution and insolvency procedures for Systemic Bcross-border banks. This unit shall: • operate within the strict boundaries defined by the legal framework and the EBA’s competencies; • be a pool of legal and financial expertise specially skilled in bank restructurings, turnarounds and liquidation; • cooperate closely with national authorities on implementation, technical assistance and sharing of staff; • propose the disbursements from the Stability Fund.