1 Amendments of Sławomir NITRAS related to 2013/2047(INI)
Amendment 76 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. Given the crucial role of the CCPs to local markets, relevant national authorities should have legal instruments to intervene in an ailing central counter- party when no other solution is possible. The appropriate policy response, respecting the principle of subsidiarity, should be to adopt a set of non-binding guidelines that would assist the Member States complement their national resolution regimes. If national legal systems prove generally unfitted to effective handling of crisis situation concerning CCPs, especially with an international dimension, then adoption of a directive could be considered. Anyway, such a directive should leave the Member States wide discretion which instruments to adopt with regard to institutions under their authority.