2 Amendments of Cătălin Sorin IVAN related to 2014/0017(COD)
Amendment 93 #
Proposal for a regulation
Recital 1
Recital 1
(1) The 2008 global financial crisis revealed important regulatory gaps, ineffective supervision, opaque markets and overly-complex products in the financial system. The Union has adopted a range of measures in order to render the banking system more solid and more stable, including strengthening capital requirements, rules on improved governance and supervision and resolution regimes. The progress made on the establishment of the banking union is also decisive in this context. However, the crisis also highlighted the need to improve transparency and monitoring not only in the traditional banking sector but also in areas where non-bank credit activities take place, called “shadow banking”. Any shortcomings with regard to these activities, which are similar to those carried out by banks, have the potential to contaminate the regulated financial sector.
Amendment 105 #
Proposal for a regulation
Recital 12
Recital 12
(12) Investments made on the basis of incomplete or inaccurate information as regards a fund's investment strategy can result in significant investor losses. It is therefore essential that investment funds disclose all relevantiable and detailed information linked to their use of SFTs. In addition, full transparency is especially relevant in the area of investment funds as the entirety of assets that are subject to SFTs are not owned by the fund managers but by the fund investors. Full disclosure as regards SFTs is therefore an essential tool to safeguard against possible conflicts of interest.